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...The deal is expected to complete during the 2023-24 ski season, Vail said on Thursday. It expects the resort to generate approximately SFr5mn ebitda in the year to July 2025....
...The acquisition will be Vail’s second in Europe after it acquired Andermatt-Sedrun in Switzerland in 2022....
...Vail Resorts has been a catalyst.” Meanwhile, Andermatt-based property developer Agostino Franzosi is betting on prices rising in Crans-Montana “since the rumours”....
From Christopher G Glover, Cookham, Berkshire, UK
...Vail is expanding its portfolio in Europe. In November, the company bought the operator of the Crans-Montana resort in the Swiss Alps, following an acquisition of another Swiss resort in 2022....
...Ski resort company Vail Resorts fell 7 per cent after reporting a fall in full-year on the year, slightly missing analysts’ expectations....
...The expansion will make Steamboat the second-largest resort in Colorado, after Vail....
...John Vail, chief global strategist at Nikko Asset Management, said the manufacturing outlook indicated “solid industrial production growth” and noted that the figure for conditions at non-manufacturing groups...
...the United Kingdom, London W8, UK Letters in response to this letter: Israeli assault can only reinforce hatred in Gaza / From Raj Parkash, London W4, UK Alas, wiser counsels look unlikely to prevail...
...Vail’s share price is down 10 per cent over the past 12 months....
...Ski operator Vail Resorts, meanwhile, which owns 41 mountain resorts worldwide, is not “preparing for more or less snowfall....
...They see no value in Brexit and increasingly their views will prevail....
...Anxious chefs will gather at Denver’s Mission Ballroom on September 12 to see if their restaurants have been included in the guide, which will cover Aspen and Snowmass Village, Boulder, Denver, the town of Vail...
...Altogether it boasts 425km of pistes and 127 lifts which, to put it another way, is more than Aspen, Whistler, Jackson Hole and Vail combined. I was even more impressed by the views....
...This month, 17 of the world’s most famous fiction writers, including David Baldacci, Jodi Picoult, John Grisham, Rachel Vail, George RR Martin, Jonathan Franzen and George Saunders, joined a lawsuit filed...
...gideon.rachman@ft.com Letter in response to this column: Alas, wiser counsels look unlikely to prevail in Israel / From Christopher G Glover, Cookham, Berkshire, UK...
...The US’s Vail Resorts took over Andermatt’s lift company in 2022, bringing a wave of new American visitors....
...PwC fined $7mn over exam cheating by China and Hong Kong staff (FT) UK to probe Abu Dhabi-backed bid for Telegraph group (FT) Ex-Goldman analyst and lawyer brother go on trial for insider dealing (FT) Vail...
...Vail Resorts agreed to buy the Crans-Montana ski resort in the Swiss Alps, in a SFr118.5mn ($136mn) deal that will give the Colorado-based group ownership of an iconic European holiday destination....
...Vail Resorts is making its presence felt in the resort as Andermatt-Sedrun’s new majority owner, adding new lifts and terrain....
...Who Christie’s International Real Estate House, Vail, Colorado, $16.95mn Where In Vail Village, one of two base villages for Vail Ski Resort....
...Last year, Vail Resorts, the largest ski resort operator in the US, bought a controlling stake in Andermatt’s lift company; this month sees the opening of an outpost of Ibiza’s Cotton Club....
...Thus, when I encounter friends just back from an extravagant trip to Vail or Park City, I smile and ask: “How was the powder?”...
...John Vail, chief global strategist at Nikko Asset Management, said there were no concerns that the central bank might pull out of the ETF market....
...A major exception to Lex Weber is Andermatt Swiss Alps in Uri canton, a traditional ski village revamped into a modern resort now managed by the American operator Vail Resorts....
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