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Jay Peak might have a buyer

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Lemuel
Posts: 14489 - Karma: 10,640
https://vtdigger.org/2022/08/02/receiver-seeks-court-ok-for-sale-of-jay-peak-for-58m-provided-no-better-offers-come-in/

I've heard the rumors since sometime in April, so glad to see it's neither Vail or Alterra. Looks like they are holding out to see if there are any better offers, but hopefully it doesn't become part of the corporate conglomerates.
Aug 2 2022 11:41AM
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Jems
Posts: 7505 - Karma: 97,112
I HEARD RUMORS THAT DONALD J TRUMP IS PURCHASING JAY PEAK AND CHANGING THE NAME TO MAGA PEAK!! NO LIBTARDS OR VAXXED PEOLLE ARE ALLPWRF MAGA 🇺🇸🇺🇸🇺🇸🇺🇸
Aug 2 2022 12:03PM
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TRVP_ANGEL
Posts: 12506 - Karma: 116,130
JemsI HEARD RUMORS THAT DONALD J TRUMP IS PURCHASING JAY PEAK AND CHANGING THE NAME TO MAGA PEAK!! NO LIBTARDS OR VAXXED PEOLLE ARE ALLPWRF MAGA 🇺🇸🇺🇸🇺🇸🇺🇸



Aug 2 2022 12:28PM
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mobadis
Posts: 406 - Karma: -3,484
JemsI HEARD RUMORS THAT DONALD J TRUMP IS PURCHASING JAY PEAK AND CHANGING THE NAME TO MAGA PEAK!! NO LIBTARDS OR VAXXED PEOLLE ARE ALLPWRF MAGA 🇺🇸🇺🇸🇺🇸🇺🇸


This, ladies and gentlemen, is called mental illness.
Aug 2 2022 1:55PM
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Jems
Posts: 7505 - Karma: 97,112
mobadisThis, ladies and gentlemen, is called mental illness.


I DO NOT BELIEVE IN MENTAL ILLNESS OR MENTAL HEALTH SERVICES
Aug 2 2022 2:09PM
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partyandBS
Posts: 4528 - Karma: 69,733
Lemuelhttps://vtdigger.org/2022/08/02/receiver-seeks-court-ok-for-sale-of-jay-peak-for-58m-provided-no-better-offers-come-in/

I've heard the rumors since sometime in April, so glad to see it's neither Vail or Alterra. Looks like they are holding out to see if there are any better offers, but hopefully it doesn't become part of the corporate conglomerates.


Lol it will 100% be owned by a corporate conglomerate the question will be if their main focus is skiing like Alterra and Vail or if they are primarily a insurance company, real estate, plastics company, etc. who happens to like skiing so they bought jay. don’t get it twisted Jay never has and never will be a mom and pop mountain.
Aug 2 2022 5:37PM
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sarc
Posts: 246 - Karma: 1,879
I think I could borrow about $2200 to buy Jay peak. But please Mr. receivership sir, hear me out. By selling to me you will make the world a better place! Skiing for skiers! I'll build parks and limit ticket sales to keep lines short. I'll be nice to people. Glades.

That 58million lowball dude has no chance now.
Aug 2 2022 5:41PM
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snowfinder
Posts: 2874 - Karma: 34,195
58 million seems real low for that resort.
Aug 2 2022 5:45PM
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skertle
Posts: 24 - Karma: 239
brb starting an NS gofundme for a small loan of 58mil
Aug 2 2022 5:53PM
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ChocoTaco345
Posts: 470 - Karma: 148
JemsI HEARD RUMORS THAT DONALD J TRUMP IS PURCHASING JAY PEAK AND CHANGING THE NAME TO MAGA PEAK!! NO LIBTARDS OR VAXXED PEOLLE ARE ALLPWRF MAGA 🇺🇸🇺🇸🇺🇸🇺🇸


Trump is vaccinated
Aug 2 2022 5:57PM
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WoFIowz
Posts: 9790 - Karma: 72,418
They'll sell eventually to vail or alterra. Guaranteed. They're just a smaller version of the two and those never end well. As we have seen both companies love buying up those groups.

https://pgri.us/resorts.php


Also Jay Peak owes me a lift ticket. Bastards ghosted me for $90

**This post was edited on Aug 2nd 2022 at 6:25:51pm
Aug 2 2022 6:22PM
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Jems
Posts: 7505 - Karma: 97,112
PeachesNCreamTrump is vaccinated

WHERE THE PROOF LIBTARD HAHAHAHA 🇺🇸🇺🇸🇺🇸🇺🇸
NO WAY IS PRESIDENT TRUMP (his election was stolen) VACCINATED SMH STUPID LIBERAL DEMOCRAT. STUPID JOE BRANDON VOTERS LIKE YOU ARE THE REASON OUR GAS DOESNT COST $2 ANYMORE. GOD BLESS DONALD J TRUMP AND RON DESANTIS 🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸
Aug 2 2022 7:17PM
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snowfinder
Posts: 2874 - Karma: 34,195
JemsWHERE THE PROOF LIBTARD HAHAHAHA 🇺🇸🇺🇸🇺🇸🇺🇸
NO WAY IS PRESIDENT TRUMP (his election was stolen) VACCINATED SMH STUPID LIBERAL DEMOCRAT. STUPID JOE BRANDON VOTERS LIKE YOU ARE THE REASON OUR GAS DOESNT COST $2 ANYMORE. GOD BLESS DONALD J TRUMP AND RON DESANTIS 🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸


So sick of seeing legit threads trolled by the same people doing the same thing every time.
Aug 2 2022 7:47PM
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Jems
Posts: 7505 - Karma: 97,112
snowfinderSo sick of seeing legit threads trolled by the same people doing the same thing every time.

summer ns doesn’t give a fuck what you think buddy



GOD BLESS TRUMP 🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸
Aug 2 2022 8:30PM
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Tamas
Posts: 550 - Karma: 842
partyandBSLol it will 100% be owned by a corporate conglomerate the question will be if their main focus is skiing like Alterra and Vail or if they are primarily a insurance company, real estate, plastics company, etc. who happens to like skiing so they bought jay. don’t get it twisted Jay never has and never will be a mom and pop mountain.


Wait you mean the mountain that committed tax fraud to build a water park in one of the poorest parts of VT was never a mom and pop mountain?
Aug 3 2022 12:31AM
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snowfinder
Posts: 2874 - Karma: 34,195
Jemssummer ns doesn’t give a fuck what you think buddy


no one gives a fuck about anything you have to say. go away and stop being a worthless troll.
Aug 3 2022 8:20AM
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Jems
Posts: 7505 - Karma: 97,112
snowfinderno one gives a fuck about anything you have to say. go away and stop being a worthless troll.


Aug 3 2022 9:36AM
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snowfinder
Posts: 2874 - Karma: 34,195
Jems


Exactly my point your posts are completely worthless.
Aug 3 2022 10:49AM
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Jems
Posts: 7505 - Karma: 97,112
snowfinderExactly my point your posts are completely worthless.

u mad brev 🚁🚁🚁🚁
Aug 3 2022 10:52AM
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mattytru
Posts: 2788 - Karma: 5,618
sounds like someone will definitely swoop in and place a higher bid. there's no way it will go for an opening bid of 58 million. although im not totally sure vail or alterra will be the ones to make the purchase. it's not really close to a major market on the US side of the border and doesn't seem to totally fit their real estate focused business model. don't know if they would rely on montreal folks after all the closed borders in the past few years

**This post was edited on Aug 6th 2022 at 8:32:03am
Aug 6 2022 8:30AM
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PeppermillReno
Posts: 4805 - Karma: -650
mattytrusounds like someone will definitely swoop in and place a higher bid. there's no way it will go for an opening bid of 58 million. although im not totally sure vail or alterra will be the ones to make the purchase. it's not really close to a major market on the US side of the border and doesn't seem to totally fit their real estate focused business model. don't know if they would rely on montreal folks after all the closed borders in the past few years

**This post was edited on Aug 6th 2022 at 8:32:03am


Alterra owns Tremblant. Jay Peak is never really 'empty' and it doesn't need a ton of investment I'm surprised neither want it. I assume Vail feels like they already have enough they got 19 resorts from Peak on the cheap and that transition has not gone well at all for anyone. Buying Jay Peak could just be too much backlash and their core aren't gapers who dream of blue square basin and flying to summit county CO.
Aug 6 2022 8:03PM
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WoFIowz
Posts: 9790 - Karma: 72,418
PeppermillRenoAlterra owns Tremblant. Jay Peak is never really 'empty' and it doesn't need a ton of investment I'm surprised neither want it. I assume Vail feels like they already have enough they got 19 resorts from Peak on the cheap and that transition has not gone well at all for anyone. Buying Jay Peak could just be too much backlash and their core aren't gapers who dream of blue square basin and flying to summit county CO.

Yeah but if alterra or vail buys Jay, I'd be hard pressed not to get their pass. Between the two, I'd prefer Alterra but it would also be cool for an individual to buy it and keep prices reasonable. Vail would ruin Jay prices. Alterra too. It's kinda sad cuz their tickets used to be pretty cheap but have gone up quite a bit (>50%) the last 3-5 yrs under this government appointed controller. First time I went, tickets were $50-60. Now they're $96 as of last season... Student season passes are still really cheap tho
Aug 8 2022 2:04AM
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WoFIowz
Posts: 9790 - Karma: 72,418
Hmmmm https://www.newenglandskihistory.com/Vermont/jaypeak.php


I realized I exaggerated a bit on price increases in the above post. Their window prices were not as drastic but they used to be on liftopia, which allowed $50-60 mid season. Considering that it's no longer offered on liftopia, yeah the cost to value seeking consumers has nearly doubled. In under 5 years.

**This post was edited on Aug 8th 2022 at 2:14:01am
Aug 8 2022 2:09AM
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Lemuel
Posts: 14489 - Karma: 10,640
Happy to see Pacific grab it over any of the other big groups.
Sep 10 2022 9:00AM
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mattytru
Posts: 2788 - Karma: 5,618
LemuelHappy to see Pacific grab it over any of the other big groups.


https://vtdigger.org/2022/09/08/pacific-group-resorts-makes-highest-bid-for-jay-peak-moves-toward-closing-on-purchase/



No kidding! I had a feeling neither alterra nor vail would dish out for it. I don't know much about pacific resorts group. Looks like they own Powderhorn in CO, Ragged in NH, Wisp in MD, Wintergreen in VA, and Mt Washington in BC.

Curious to see what this season brings for Jay.
Sep 10 2022 10:34AM
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WoFIowz
Posts: 9790 - Karma: 72,418
mattytruhttps://vtdigger.org/2022/09/08/pacific-group-resorts-makes-highest-bid-for-jay-peak-moves-toward-closing-on-purchase/



No kidding! I had a feeling neither alterra nor vail would dish out for it. I don't know much about pacific resorts group. Looks like they own Powderhorn in CO, Ragged in NH, Wisp in MD, Wintergreen in VA, and Mt Washington in BC.

Curious to see what this season brings for Jay.


What a steal, especially considering the amount of funds used to upgrade Jay before this crazy inflation of real estate prices and money in general.
Sep 11 2022 12:19PM
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mattytru
Posts: 2788 - Karma: 5,618
yugonaWhat a steal, especially considering the amount of funds used to upgrade Jay before this crazy inflation of real estate prices and money in general.


true. it's a real good pickup

**This post was edited on Sep 11th 2022 at 3:43:57pm
Sep 11 2022 3:43PM
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