Originally Posted by fatbob
Yes I agree, but I was just challenging the notion that European "resort experience" is open and accessible to all - it might be as a result of compressed geography you're closer to the slopes but it doesn't necessarily mean you're in primo accomodation if you're on a motel budget.
+ I realise that I'm an atypical tourist but I love the stay in a motel, drive up with your morning coffee, park in a dirt parking lot close to a lift version of skiing, if I'd confined myself to lux resort experience I'd never have got to ski truly great places like Baker, Red, Revy, Kirkwood and even off off radar places like 49 North . Appreciate it's all a bit different if you're wrangling an unwilling family.
I wasn't trying to evangelize what MTN is doing, just pointing out that PCMR fits perfectly in MTN's strategy, and that made a negotiation on sale price for the entire package a smart strategy, using the lease issue to create a willing seller who was otherwise not on the market at market pricing. The comp here is those four season models, no doubt most of us prefer modern condos to 1970's ski barracks all things being equal.
Back to @tball
's prediction of Vail buying another Colorado property, I am not sure. Treating Vail/Beaver Creek as one, let's look at Vail's CO resorts as Vail, Breck, and Keystone:
- Each has substantial base lodging and amenities, plus on mountain amenities;
- Keystone has a major conference center and both Vail and Breck have conference centers as well;
- All three have large rec centers in the vicinity;
- All three have a river running through them;
- All three have Nordic skiing centers;
- All three are easily accessible via a major international airport;
- All three run a summer gondola supporting on-mountain recreation including selling MTB lift tickets up to a season pass;
- There are paved walking/bike trails connecting the resorts and significant city type infrastructure in the immediate area. You could easily live in any of these areas without being confined to a ski resort, much less set up extended family vacations for people who have a variety of interests.
MTN doesn't need resorts that don't / can't meet much of the above list, but it does need resorts that do with geographic diversity to Colorado.
I hope Powdr acquires A-Basin or Loveland. My favored destinations are all dirt lots adjacent to base lifts: Mary Jane, A-Basin/Loveland, and I will pay at Copper to bring the dirt closer.
So I just want the Dirt Pass plus a Copper condo as a Front Ranger. If I wanted the Epic Pass, it would really be in the context of a more substantial real estate purchase to leverage the four season model. And I do want it. I love Vail in the summer, and that is what tips the scales to thinking about going all in with MTN, who can be trusted to not do stupid sh$t like getting leveraged out of their premier property.