Vail Resorts, Inc.
runs four ski resorts in Colorado
, as well as two in Lake Tahoe
(on the California
border) and a summer resort in Wyoming
. They also own luxury resort hotels throughout the United States
. The company trades on the New York Stock Exchange, symbol MTN. The company is headquartered in Broomfield, Colorado
Originally founded as Vail Associates by Pete Seibert
(from the famed 10th Mountain Division
in WWII) in 1962, Vail Associates changed its name to Vail Resorts in 1996 when it went public after Gillette Holdings (owned by George Gillette) went bankrupt. Apollo Management
, headed by Leon Black
, bought the company out of bankruptcy and took Vail Resorts public, controlling Vail Resorts through its growth until around 2003, when Apollo divested themselves of the controlling interest. Former Apollo executive, Rob Katz, currently runs the company. The skating rink at Beaver Creek was named the Black Family Skating Rink after Leon Black.
Vail Resorts operates the Vail
, Beaver Creek
, and Keystone
ski areas in Colorado, Northstar at Tahoe
and Heavenly Ski Resort
on the California-Nevada border. It acquired the Grand Teton Lodge Company within the Grand Teton National Park
in Wyoming in 1999. The GTLC properties include the Jenny Lake Lodge, Jackson Lake Lodge
, and Colter Bay Village.
On October 25th 2010,Vail Resorts Inc. has announced acquisition of Northstar-at-Tahoe
Resort in California for $63 million cash.<ref... Read More