Vail Resorts also has plans for improving its Grand Teton Lodge Co. in Jackson, WY. Vail Resorts CEO Adam Aron says they will improve the resorts, while at the same time reducing capital expenditures as a percentage of revenues.
''This year, our efforts will focus primarily on creating new children's facilities at Breckenridge, as well as the initial steps to create new ski terrain on Breckenridge's Peak 7,'' Aron says. "We will also work to significantly increase grooming of ski terrain across all our ski resorts, and to enhance the technical behind-the-scenes systems that allow us to manage and market our resorts more effectively and efficiently.''
The company plans $13.4 million in improvements at Breckenridge, which includes 165 acres of new slopes and trail at Peak 7, more power and telecommunications there, building a patrol hut and purchasing more snow-making equipment.
They also will build a 13,000-sf children's ski school and nursery facility at the base of Peak 9 and renovate the Great Divide Lodge and Village in the ski resort.
In addition, Vail will get $5.9 million in improvements, including a new 250-seat outdoor deck at its Two Elk restaurant on Vail Mountain; Beaver Creek will receive $5.1 million, including restaurant improvements; Keystone, will receive $7.3 million in improvements, and the Grand Eton Lodge $2.1 million.
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