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Booth Creek Buyout?

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WoodCore
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Posted: Dec 09, 2006 - 1:38 AM GMT

Some serious financial shuffling going on here...........

http://www.skipressworld.com/us/en/daily_news/2006/12/gillett_key_to_booth_creek_buyout.html?cat=Finance

__________
"Freedom often leads, but responsibility always follows close behind."
telemechanic
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Posted: Dec 09, 2006 - 2:46 AM GMT

CNL is the same group that bought The Mount Washington Hotel and Bretton Woods earlier this year but with the Loon being leased back to Gillett, Ryman, Cole and Joyce for 50 years it hardly make the two areas brothers.
eeyore
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Posted: Dec 09, 2006 - 3:41 AM GMT

Does Booth Creek still manage Telluride or did that disolve years ago?
skier90
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Posted: Dec 09, 2006 - 1:39 PM GMT

Does this mean no more threedom pass?!?!?!?
katbennett
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Posted: Dec 09, 2006 - 3:17 PM GMT

Hi Folks -

To answer a few questions:

1. Booth Creek worked with Telluride a few years ago but not since a new owner took it over, I think around 03/04.

2. There are no changes to the Threedom Pass - to quote the Skipress article:

Booth Creek Ski Holdings, Inc. will continue to own Cranmore Mountain Resort and Waterville Valley. It is (anticipated) that Booth Creek senior management will remain intact and all resort management will continue business as usual with day-to-day operations remaining unaffected. This transaction will not impact any resort products including multi-resort season passes or lift ticket products.

3. Correct that this does not mean any relationship between Loon and Bretton Woods.

This is much like the Sunapee situation where the state of NH owns the ski area but Triple Peaks (aka Okemo/the Muellers) operates it. Booth Creek will continue to manage all 6 ski areas while CNL will own 4 of them.

All 3 Booth Creek East resorts are open as of today - it looks great out there so come on up!
snobo
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Posted: Dec 09, 2006 - 6:33 PM GMT

Thanks for the info kat!!
glad to hear my threedom pass wont be affected from this
I will be up at LOON for the first time this season Monday Looks to be great!!

__________
SNOBO

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