Wildwood, MO – Ski resort operator Peak Resorts, Inc. has released results for its fiscal third quarter and nine months ended January 31, 2017. Third-quarter results, which include New York’s Hunter Mountain in the three and nine months ended January 31, indicate that the company’s revenue increased 46% to $56.4 million, compared to $38.7 million for the … Continue reading Peak Resorts Reports Third Quarter Results
Paoli, IN – Unseasonably warm weather has forced Indiana’s Paoli Peaks to suspend skiing and riding until conditions improve. Unless colder weather arrives to support snowmaking, Tuesday could be the last day of the 2016/2017 ski, ride and snow tubing season at Paoli Peaks. “Paoli Peaks (has suspended) operations until we have the opportunity to make … Continue reading Paoli Peaks Pulls the Plug
Wildwood, MO – Peak Resorts, Inc., the owner or operator of 14 ski resorts across the Northeast and Midwest, today announced that season pass sales from the beginning of the ski season through January 29, were up 28 percent in units and 23 percent in dollars, compared to the prior year. In addition, paid skier visits … Continue reading Season Pass Sales Up 28% at Peak Resorts
Wildwood, MO – Ski resort owner and operator Peak Resorts, Inc. on Friday announced that its board of directors appointed David W. Braswell, Esq., as a member of the board and as a member of the nominating and corporate governance committee. Braswell is replacing Michael Staenberg, who resigned from the board effective February 3 for … Continue reading Peak Resorts Appoints New Director, Comments on Ski Season
Wildwood, MO – Peak Resorts, owner or operator of 13 ski resorts in the Northeastern and Midwestern U.S., this week announced that it has reached an agreement with a group of banks led by Royal Banks of Missouri for a $15 million line of credit to fund acquisitions. The agreement with Royal Banks of Missouri includes an … Continue reading Peak Resorts Opens Line of Credit to Fund Acquisitions
Wildwood, MO – Peak Resorts, Inc. on Monday announced that its open resorts saw an increase of over 55 percent in the number of skier visits over the four-day Thanksgiving holiday weekend, to approximately 19,800 visits, compared with approximately 12,500 visits for the same four-day weekend last year. Opening and closing dates at any resort are of course dependent upon … Continue reading Ski Operator Peak Resorts Reports Record Thanksgiving Visitation
Wildwood, MO – Ski resort operator Peak Resorts today announced the closing of its initial public offering of 10,000,000 shares of its common stock at a price to the public of $9.00 per share. The offering raised net proceeds of approximately $82 million after deducting underwriting discounts and commissions and estimated offering expenses. All of the shares … Continue reading Peak Resorts IPO Raises $82 Million
