Vail Resorts (NYSE: MTN) announced that it will no longer seek to add new RockResorts managed properties which are located outside of the Company's six mountain resorts.
Resort Reported EBITDA (which includes the Company's Mountain and Lodging segments) of $221.9 million for Fiscal 2011 improved by $35.5 million, or 19.0%, compared with the same period in the prior year reflecting solid growth across our resorts as well as the addition of Northstar-at-Tahoe, which was acquired in October 2010.
Vail Resorts, Inc. (NYSE: MTN) announced today that as of September 15 its subsidiary RockResorts will no longer manage Tempo Miami as part of its luxury hotel brand.
Hilton Worldwide and Vail Resorts, Inc. (NYSE: MTN) announced the signing of a franchise license agreement for a DoubleTree by Hilton hotel in Breckenridge, Colorado.
Lynch will assume responsibilities for the Company's marketing functions, including brand marketing, advertising, CRM, market research, pricing, e-commerce, online marketing and strategic alliances.
Resort Reported net revenue, which includes our mountain and lodging segments, increased $4.6 million, or 5.7%, for the first quarter of fiscal 2011 on improved summer business at our Mountain resorts and Lodging properties.
Vail Resorts, Inc. (NYSE: MTN), the parent company of Heavenly Mountain Resort, announced that it has acquired Accommodation Station, the third largest property management company in the South Lake Tahoe market, from Greta and Mike Hambsch.
Net income attributable to Vail Resorts, Inc. of $30.4 million for the 2010 fiscal year declined 37.9% primarily due to the timing of real estate closings.
Vail Resorts launched the Vail Resorts Echo web site, VailResortsEcho.com, to better educate and engage guests and employees about the Company's comprehensive sustainability efforts aimed at both protecting the beautiful natural resources that surrounds the resorts and helping build stronger communities.
