Vail Resorts Announces Plans for Significant Investment to Continue Enhancing the Guest Experience at Park City Mountain for the 2018-19 Season

07 December 2017
  • Park City Mountain furthers its focus on premier family experiences, mountain dining excellence and guest service on the heels of $50 million in improvements, which were deemed the most impactful capital program in U.S. ski history   
BROOMFIELD, Colo. – Dec. 7, 2017 – Vail Resorts, Inc. (NYSE: MTN) today announced that the Company will make significant capital improvements at the largest ski resort in the United States, Park City Mountain in Park City, Utah, slated to debut for the 2018-19 winter season.  
 
On the heels of an historic $50 million investment to connect Park City and the former Canyons resorts into the largest mountain resort in the U.S., coupled with massive upgrades to lift infrastructure and on-mountain dining in 2015, Vail Resorts plans to continue with Park City Mountain’s transformation by focusing significant investment to elevate the on-mountain dining and family skiing and snowboarding experience for guests. Park City Mountain remains committed to offering the premier family ski and snowboard experience and to being the definitive choice for signature on-mountain culinary excellence that complements the vibrant food scene in town.   
 
“The continued investment at Park City Mountain just a few years after integrating Canyons and Park City demonstrates Vail Resorts’ commitment to continually reinvest in the core mountain experience for our guests,” said Bill Rock, chief operating officer of Park City Mountain. “These significant improvements in contemporary mountain dining and a dedicated family and beginner area will elevate the guest experience even further at the country’s largest mountain resort.” 
 
New learning area for beginners, children and families:
Slated to debut in the 2018-19 winter season, the High Meadow Family Fun Zone at Canyons Village will offer guests a dedicated learning area at the new High Meadow four-passenger lift. The existing High Meadow four-passenger lift will be replaced with a high-speed, four-passenger lift, increasing uphill capacity by 50 percent and shortening overall ride time by 70 percent. Additional snowmaking throughout the area’s gentle slopes will further ensure guests ideal snow surface conditions for learning. The Family Fun Zone will enhance the experience for beginner skiers and snowboarders by reserving the best learning terrain in Utah to provide a safe, fun and easy learning environment for ski and snowboard school guests, children and families. The addition of a new Candy Cabin within the Family Fun Zone will beckon guests to savor a sweet treat and chocolates during a rest break.  
 
Commitment to culinary excellence and mountain contemporary style continues:
Park City Mountain’s iconic Mid-Mountain Lodge will undergo a transformative interior renovation to create a signature mountain and dining experience of relaxed mountain luxury, while preserving the historic nature of the 120-plus-year-old historic miners’ boarding house. New dining options will reflect the region’s marked notoriety for superb cuisine with chef-driven menus featuring high-quality ingredients and innovative presentation. Cloud Dine, which was completely remodeled in 2014 as a modern, mountaintop bistro, will gain an additional 200 seats to increase guest capacity by more than 60 percent. Cloud Dine remains one of Park City Mountain’s most popular dining locations and the new addition will ensure that the guest’s dining experience at the location is elevated to match the superior quality and presentation of the food.          
 
Projects at Cloud Dine and the Mid-Mountain Lodge restaurants represent a continued focus on creating unique culinary experiences throughout the resort. With Park City’s dining investments, every major on-mountain restaurant has been reimagined within the last three years. All of these projects are subject to regulatory approval.
 
Forward-Looking Statements
Certain statements discussed in this press release, other than statements of historical information, are forward-looking statements within the meaning of the federal securities laws, including our expected investments at Park City Mountain. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. All forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. Such risks and uncertainties include but are not limited to prolonged weakness in general economic conditions, including adverse effects on the overall travel and leisure related industries; unfavorable weather conditions or the impact of natural disasters; willingness of our guests to travel due to terrorism, the uncertainty of military conflicts or outbreaks of contagious diseases, the cost and availability of travel options and changing consumer preferences; the seasonality of our business combined with adverse events that occur during our peak operating periods; competition in our mountain and lodging businesses; high fixed cost structure of our business; our ability to fund resort capital expenditures; our reliance on government permits or approvals for our use of public land or to make operational and capital improvements; risks related to a disruption in our water supply that would impact our snowmaking capabilities and operations; Risks related to federal, state, local and foreign government laws, rules and regulations; risks related to our reliance on information technology, including our failure to maintain the integrity of our customer or employee data; our ability to hire and retain a sufficient seasonal workforce; risks related to our workforce, including increased labor costs; loss of key personnel; adverse consequences of current or future legal claims; a deterioration in the quality or reputation of our brands, including our ability to protect our intellectual property and the risk of accidents at our mountain resorts; our ability to successfully integrate acquired businesses or that acquired businesses may fail to perform in accordance with expectations, including Whistler Blackcomb and Stowe or future acquisitions; our ability to satisfy the requirements of Section 404 of the Sarbanes-Oxley Act of 2002, with respect to acquired businesses; risks associated with international operations; fluctuations in foreign currency exchange rates, particularly the Canadian dollar and Australian dollar; changes in accounting estimates and judgments, accounting principles, policies or guidelines or adverse determinations by taxing authorities; a materially adverse change in our financial condition; and other risks detailed in the Company’s filings with the Securities and Exchange Commission, including the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the fiscal year ended July 31, 2017, which was filed on September 28, 2017.
 
All forward-looking statements attributable to us or any persons acting on our behalf are expressly qualified in their entirety by these cautionary statements. All guidance and forward-looking statements in this press release are made as of the date hereof and we do not undertake any obligation to update any forecast or forward-looking statements whether as a result of new information, future events or otherwise, except as may be required by law.
 
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About Vail Resorts, Inc. (NYSE: MTN)
Vail Resorts, Inc., through its subsidiaries, is the leading global mountain resort operator. Vail Resorts’ subsidiaries operate 11 world-class mountain resorts and three urban ski areas, including Vail, Beaver Creek, Breckenridge and Keystone in Colorado; Park City in Utah; Heavenly, Northstar and Kirkwood in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in British Columbia, Canada; Perisher in Australia; Stowe in Vermont; Wilmot Mountain in Wisconsin; Afton Alps in Minnesota and Mt. Brighton in Michigan. Vail Resorts owns and/or manages a collection of casually elegant hotels under the RockResorts brand, as well as the Grand Teton Lodge Company in Jackson Hole, Wyo. Vail Resorts Development Company is the real estate planning and development subsidiary of Vail Resorts, Inc. Vail Resorts is a publicly held company traded on the New York Stock Exchange (NYSE: MTN). The Vail Resorts company website is www.vailresorts.com and consumer website is www.snow.com




 

Contact(s)

Liz Biebl

Director, Brand Communications
Email: ebiebl@vailresorts.com
Phone: (303) 404-1831

Jessica Miller

Sr. Communications Specialist
Email: jmmiller@vailresorts.com
Phone: 435-615-4843
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