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[LiftTech]

October 21st, 2010
FOR IMMEDIATE RELEASE
Contact: Kent Graham
Vice-President
Peak Resorts
(603) 374-2600


Peak Resorts Acquires New Hampshire Ski Area Wildcat Mountain
Two Of Mount Washington Valley's Largest Ski Resorts Will Offer Combination Ticket & Season Pass Products

Wildwood, MO – Peak Resorts announced today that it has entered in to a purchase agreement with Pat Franchi to acquire all Wildcat Mountain Ski Area assets and attractions in Pinkham Notch, New Hampshire. Parties involved expect to finalize the purchase pending approval by the U.S. Forest Service. Adding to its portfolio of resorts located in six U.S. states, including Attitash and Crotched Mountain in New Hampshire and Mount Snow in Vermont, Wildcat Mountain becomes the 12th ski resort currently owned and operated by Peak Resorts.

"Wildcat Mountain is a legendary ski resort known to many in the industry and it has a lot of history," said Peak Resorts CEO Tim Boyd. "I am pleased to add Wildcat Mountain to Peak Resorts because it offers a unique, year-round experience in a one-of-a-kind location and there are opportunities for growth and improvement over the long-term that we can consider and are familiar with delivering at all of our resorts."

In 1933, the Civilian Conservation Corps started clearing the Wildcat trail, one of the first ski racing trails built in the United States. Twenty-five years later, on January 25th 1958, Wildcat Mountain opened for lift-serviced skiing with The Wildcat Gondola and a single T-bar surface lift. Wildcat's trademark for many years, the Wildcat Gondola was the first lift of this type in the U.S. to be built. Pat Franchi and his family purchased Wildcat Mountain from original developers in 1986 and made significant capital investments to day lodge facilities, snowmaking, summer attractions, and lifts. In 1997, Pat replaced the original gondola with the Wildcat Express: a high-speed detachable quad chairlift that accesses the greater than 4,000' summit in just over 6 minutes providing visitors over 2,100 vertical feet of skiing and riding in the winter and is converted in the summer and fall with 4-person enclosed gondola cabins to be the state's highest scenic gondola. The legacy of Pat Franchi's stewardship will be that he made improvements to and enabled the ski area to continue operating for more than two decades and support to many charitable foundations including the continued annual Yahoo weekends hosting children and their families from Boston's Dana-Farber Cancer Institute.

Attitash opened as a single mountain resort originally for the 1964-65 ski season and was known then as the "red carpet ski area" because of its reservation requirements and attention to guest service. In the mid-1990s, Attitash dramatically increased the available skiing & riding acreage by developing the Bear Peak area that included the installation of a high-speed summit quad chairlift as well as adding open glades, wider intermediate terrain, some of the state's most sought after alpine race trails including Illusion,

[thairston96]

And now, the only ski area left in New Hampshire without a terrain park is going to get one, and it will no longer be the good old fashioned Wildcat

This post has been edited by thairston96: 22 October 2010 - 12:58 PM

[Peter]

http://www.saminfo.c...s-alpine-valley

SAM Magazine--November 21, 2012--Peak Resorts Inc. announces the purchase of Alpine Valley Ski Area in Chesterland, Ohio. The northeast Ohio resort opened in 1962 and has two chairlifts, as well as four surface lifts. “Alpine Valley fits strategically with how we are trying to grow our business in a market that we are familiar with,” says Jesse Boyd, VP of Peak Resorts. “We feel the resort has been well maintained, and has a lot of potential. We look forward to the close integration of the resort with Boston Mills and Brandywine resorts, which are also located in the Cleveland area.” Jason Boyd will run the area this winter.

[Andy1962]

Peak Resorts $52 million in EB-5 Money (held in escrow) released to the company.

http://www.bizjourna...s-released.html

Good to hear. A nice Christmas present for them and for every Peak Resorts employee across all of their resorts.

This post has been edited by Andy1962: 14 December 2016 - 11:51 AM

[missouriskier]

Andy1962, on 14 December 2016 - 11:51 AM, said:

Peak Resorts $52 million in EB-5 Money (held in escrow) released to the company.

http://www.bizjourna...s-released.html

Good to hear. A nice Christmas present for them and for every Peak Resorts employee across all of their resorts.

That's really good news! They have been struggling ever since the IPO, and especially after the disastrous last season in the East.