Peak Resorts is a publicly owned Missouri-company that operates ski resorts in the Midwest and Northeast United States.
The company was founded in 1977 by Tim Boyd, two years after graduating the University of Missouri when he bought the Wildwood Golf Course in the suburban St. Louis, Missouri community of Wildwood, Missouri for $250,000 with owner financing. In 1982 he added a ski resort (that would become Hidden Valley Ski Area). Shortly thereafter he opened a ski-resort in suburban Kansas City, Missouri at Weston, Missouri (Snow Creek Ski Resort).
The company continued to expand owning Paoli Peaks in Paoli, Indiana; Boston Mills and Brandywine in Peninsula, Ohio. In 2002 it expanded with Crotched Mountain in Bennington, New Hampshire. In addition it has long term leases on Jack Frost and Big Boulder ski areas in Blakeslee, Pennsylvania in the Poconos as well as Mad River Mountain in Valley Hi, Ohio.
In 2007, the company nearly tripled its revenue with the acquisition of Mount Snow in Vermont and Attitash in New Hampshire from the financially troubled American Skiing (which was owned by Oak Hill Capital Partners, a private equity company). The acquisition increased Peak Resorts ski visitors from 1 million to 1.7 million and revenue of $85 million.
On October 21, 2010, the company announced it had entered into a purchase and sale agreement for Wildcat Mountain Ski Area, its third New Hampshire holding.
Video Peak Resorts
List of ski areas
Ski Resorts owned and/or operated by Peak Resorts:
East
- Attitash, NH (operator only)
- Big Boulder, PA (operator only)
- Crotched Mountain, NH
- Hunter Mountain, NY
- Jack Frost, PA (operator only)
- Mount Snow, VT
- Wildcat Mountain Ski Area, NH
Midwest
- Boston Mills, OH
- Brandywine, OH
- Hidden Valley Ski Area, MO
- Mad River Mountain, OH
- Paoli Peaks, IN
- Snow Creek, MO
- Alpine Valley Ski Area, OH
Maps Peak Resorts
References
External links
- Peak Resorts - Official site
- Peak Resorts - NewEnglandSkiHistory.com
Source of article : Wikipedia
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