Park City Mountain Resort
Coverage of Park City Mountain Resort in the Nexus archive.
- Vail Resorts taps bankers to play defense
Vail Resorts is consulting takeover-defense bankers to assess vulnerabilities amid pressure from labor groups, billionaire Matthew Prince, and natural challenges. Rob Katz, reappointed as CEO, is addressing customer complaints and Prince's $500 million offer for Park City Mountain Resort, while the company faces labor disputes and a severe winter season.
- Utah’s richest man wants Vail Resorts to sell him the nation’s largest ski area
Matthew Prince, a billionaire and founder of Cloudflare, is urging Vail Resorts to sell Park City Mountain Resort, the largest ski area in the U.S., arguing the company’s stock is undervalued and its management is poor at capital allocation. He advocates for an asset-light franchise model to divest resorts while retaining pass partnerships.