Consolidating resort group

Already the largest operator of North American ski resorts in 2014, during the next two years Vail shrewdly bought the two most consequential destination resorts it didn’t already own—Park City, Utah and Whistler Blackcomb, British Columbia.

With these additions, Vail’s role as the singular empire in skiing, as the company that dictated terms to not only skiers but also to other resorts who sought those skiers, seemed set.

As a result, they may be using 15 to 20 vendors and it’s a logistical nightmare.

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Likewise, skiers traveling to Vail or Breckenridge for the holidays might combine that with a spring trip to another Vail Resort such as Park City.

Managing multiple vendors takes a lot of time,” said Myers Myers has found Avendra’s purchasing power is so much more than what he can negotiate on his own.

“One of our properties incurred 17 percent savings in food costs with Avendra in 2014, on a spend of about 0K,” commented Myers.

The newly formed and yet to be named resort company also includes Squaw Valley Alpine Meadows, California, which KSL already owned.

The company clearly wants to emulate the path taken by Vail Resorts, a public company whose stock has nearly quadrupled in price during the last five years, valuing it at .7 billion.

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