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ASC puts Steamboat on the block again?

post #1 of 5
Thread Starter 
Here's an interesting release from ASC yesterday. Is anyone else thinking they might do a bait and switch w/the 'Boat again or are they will they actually pull the trigger and sell Steamboat, especially after two record seasons?


American Skiing Company Reviewing Strategic Options For Steamboat Ski Resort
PARK CITY, UT- Park City, Utah - American Skiing Company (OTCBB, AESK), one of the largest operators of alpine ski, snowboard and golf resorts in the United States, today announced that its Board of Directors has retained investment advisors to initiate a strategic review of business options for the Steamboat Ski and Resort Corporation in Colorado, including the potential sale of the resort.

"Steamboat's status as a world-renowned destination resort, combined with the financial performance generated by its tremendous management team and dedicated staff, have positioned the resort for success well into the future," said BJ Fair, American Skiing Company's CEO and President. "American Skiing Company is coming off its second straight record year which has created a number of opportunities for us to pursue. Given current positive market conditions and Steamboat's outstanding performance, the Board has decided to review potential alternatives with respect to Steamboat and engage financial advisors to assist in that process. Our intent is to drive the maximum value for the Company's stakeholders," Fair continued.

Steamboat, known for its genuine, western friendly atmosphere, family appeal, real western town and champagne powder, is consistently ranked the #1 family resort in the West. With one of the strongest and most recognizable brands in the ski industry, the resort has built a very loyal customer base allowing it to record over a million skier visits per year. The readers of SKI magazine traditionally rank Steamboat among the top ten resorts in North America.

post #2 of 5
hmmm. wonder what i got under the couch coushins.

skicougar, owner; steamboat ski resort. sounds right to me !
post #3 of 5
God, the sooner that company goes under the better. Set those resorts free of that pathetic excuse for a company and see how they flourish.

post #4 of 5
Especially Killington with its May 1 closing this year, after what I've been reading from eastern skiers for the last 3 seasons.
post #5 of 5
We went wine tasting at Killington the other day. It was a nice day and a fun event but it was at the Killington Grand, a place I had never been. I think the adjective grand is a poor description of the place, I was not terribly impressed. They cannot do anything right these days. In fact I enjoyed our stop on the way home at The Inn at Long-trail(Not the long trail brewery) much better. shooting for pretentiousnous in Vermont just does not fly....
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EpicSki › The Barking Bear Forums › Mountain/Resort Related Forums › Resorts, Conditions & Travel › ASC puts Steamboat on the block again?