Private buyers coveting ski areas- Rocky Mountain News article
Colorado’s ski industry faces one of its biggest ownership shuffles in years.The latest wave of deals likely will put many areas back into private hands - reversing a trend that had publicly traded companies snapping up major resorts.
What has changed?
Private buyers and bidders tend to be coming to the table with gobs of capital. Before Wall Street arrived, ski-area ownership tended to be a largely local affair.
“There’s a lot of money out there looking for something to do,” said Ford Frick, managing director at BBC Consulting in Denver. “And ski resorts always have a little sex appeal, so that plays into it.”
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