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Vail Resorts Hires Defence Bankers as Billionaire Pushes to Buy Park City Mountain Resort

Vail Resorts Hires Defence Bankers as Billionaire Pushes to Buy Park City Mountain Resort

Vail Resorts has quietly engaged takeover-defence bankers to assess its vulnerabilities, as pressure builds from multiple directions - a rough winter, union tensions, and a persistent billionaire who wants to buy Park City Mountain Resort. Cloudflare CEO Matthew Prince has gone public with a $500 million offer and says activist investors are calling him. Vail's CEO isn't selling.

Michael Fulton
Vail Resorts Q3 Fiscal 2026: Bad Winter Out West Hits Revenue as Pass Sales Fall 10%

Vail Resorts Q3 Fiscal 2026: Bad Winter Out West Hits Revenue as Pass Sales Fall 10%

Vail Resorts has reported its Q3 fiscal 2026 results, and the numbers reflect what anyone skiing the Rockies this past winter already suspected - it was rough. Net income fell from $389.7M to $314.4M, visitation dropped 15%, and early pass sales for 2026/27 are down approximately 10%. The one bright spot? Epic Australia Pass sales are up 26% in units and 31% in revenue. Perisher, Falls Creek and Hotham head into the southern hemisphere season with real momentum behind them.

Michael Fulton
Park City Mountain Resort Gets Approval for Eagle and Silverlode Chairlift Replacements

Park City Mountain Resort Gets Approval for Eagle and Silverlode Chairlift Replacements

Park City Mountain Resort has received planning approval to replace two major chairlifts - Eagle and Silverlode - with higher-capacity alternatives likely to debut in the 2027-28 season. The approvals end a years-long process that saw an earlier approval appealed, the original lifts redirected to Whistler Blackcomb, and a fresh application filed.

Michael Fulton
Park City Extends Paid Parking to Canyons Village for 2026-27

Park City Extends Paid Parking to Canyons Village for 2026-27

Park City Mountain Resort is converting the previously free Cabriolet lot at Canyons Village to paid parking from the 2026-27 season. The US$29 daily charge represents another reduction in free parking options across Utah resorts, though several workarounds remain available.

Michael Fulton
Utah Billionaire Escalates Campaign Against Vail Resorts Ownership of Park City

Utah Billionaire Escalates Campaign Against Vail Resorts Ownership of Park City

Matthew Prince, Utah's wealthiest resident, has intensified his public criticism of Vail Resorts' management of Park City Mountain Resort. The Cloudflare CEO claims Vail's 10-year stock performance has been dismal and argues the company should sell off individual resorts. Vail says it's not selling.

Michael Fulton
Vail Resorts CEO Purchases $5 Million in Company Stock as Share Price Continues Multi-Year Decline

Vail Resorts CEO Purchases $5 Million in Company Stock as Share Price Continues Multi-Year Decline

Rob Katz has purchased roughly $5 million in Vail Resorts stock as the company's share price sits at around a third of its 2021 peak. The purchase follows criticism of board members failing to buy stock and comes as the company battles reputation issues that may prove harder to fix than financial metrics.

Michael Fulton
Vail Resorts Introduces 20% Discount on Epic Pass for Under-30s

Vail Resorts Introduces 20% Discount on Epic Pass for Under-30s

Vail Resorts has announced a 20% price reduction on Epic Pass products for skiers and riders aged 13-30, bringing the 2026-27 Epic Pass down to $869 and Epic Local Pass to $649. The move comes as the ski industry grapples with participation rates among younger demographics.

Michael Fulton
Mott Canyon at Heavenly Ski Resort

Vail Resorts Unveils 2025-26 Season Plans: New Lifts, Tech, and Pricing Strategies

Vail Resorts has announced opening dates and key developments for the 2025-26 ski season across its global portfolio. Notable changes include new lifts in Park City and Switzerland, expanded tech integration, and a revised friend ticket program aimed at boosting visitation.

Michael Fulton
Utah Ski Season 2024-25: Third-Busiest Year Despite Visitor Decline

Utah Ski Season 2024-25: Third-Busiest Year Despite Visitor Decline

Utah's ski resorts recorded their third-busiest season ever with 6.5 million visitors in 2024-25, but the 3.6% decline from the previous year highlights growing challenges. Weather patterns, the Park City strike, and economic pressures all contributed to the drop, even as the industry invests hundreds of millions in new infrastructure ahead of the 2034 Olympics.

Michael Fulton
The flags at the base of Park City Mountain

Vail Resorts CEO Confirms Park City Mountain Not for Sale

Vail Resorts CEO Rob Katz has firmly stated that Park City Mountain is not for sale, despite recent interest from a tech billionaire. This article explores the situation and its implications for the popular Utah ski resort.

Michael Fulton
Former Vail Resorts CEO Kirsten Lynch to Receive More Than $2.2 Million in Severance Pay

Vail Resorts' Former CEO Kirsten Lynch Receives $2.2 Million Severance Package

Kirsten Lynch, former CEO of Vail Resorts, is set to receive a substantial severance package following her departure from the company. The package includes cash payments, equity awards, and health insurance benefits.

Michael Fulton
Rob Katz Is Back As CEO Of Vail Resorts Following Resignation Of Kirsten Lynch

Rob Katz Returns as Vail Resorts CEO After Kirsten Lynch's Departure

Vail Resorts announces a significant leadership change as Rob Katz returns to the CEO position, replacing Kirsten Lynch who has stepped down after 14 years with the company.

Michael Fulton
Local Billionaire Wants to Buy Park City Mountain Resort, UT, From Vail Resorts and Build Gondola to Alta

Park City Mountain Resort: Local Tech CEO's Vision for Acquisition and Expansion

Matthew Prince, CEO of Cloudflare, has purchased Town Lift Plaza in Park City and expressed interest in acquiring Park City Mountain Resort from Vail Resorts, with plans for significant upgrades including a potential gondola connection to Alta.

Michael Fulton
Utah Ski Resort Shares Progress On New Gondola Project

Deer Valley's New Gondola Project Progresses

Deer Valley Resort in Utah is making significant progress on its new gondola project, part of a major expansion plan set to transform the ski area.

Michael Fulton
Deer Valley Resort To Have Transformative Offseason

Deer Valley's Major Expansion Plans for 2025 and Beyond

Deer Valley Resort in Utah is undergoing significant changes, with new trails, lifts, and base area developments planned over the next several years. This article outlines the recent expansions and future projects that will transform the ski resort.

Michael Fulton
Epic Pass 2025/26: A Comprehensive Buying Guide for Skiers and Riders

Epic Pass 2025/26: A Comprehensive Buying Guide for Skiers and Riders

Explore the various Epic Pass options for the 2025/26 season, including new resort access, pricing, and benefits for skiers and snowboarders looking to maximise their mountain time across multiple destinations.

Michael Fulton
Utah Ski Resort Closing Dates for 2024-25 Season

Utah Ski Resort Closing Dates for 2024-25 Season

As the 2024-25 ski season winds down in Utah, find out when your favourite resorts are planning to close and make the most of the remaining snow days.

Michael Fulton
A view out from Deer Valley Resort

Park City-Deer Valley Gondola Connection: New Feasibility Study Planned

Park City officials are taking steps toward a potential aerial gondola system connecting the historic Main Street district with Deer Valley Resort. The City Council is considering hiring specialised consultants to conduct a comprehensive feasibility study, marking a significant move in the long-discussed transportation initiative.

Michael Fulton
Park City Ski Patrol Strike Hitting Vail Resorts Where It Hurts

Park City Ski Patrol Strike Hitting Vail Resorts Where It Hurts

The ongoing ski patrol strike at Park City Mountain Resort has created significant operational challenges for Vail Resorts during peak season. With patrollers demanding higher wages and only 50 of 350 trails initially open, this labor dispute highlights broader challenges facing one of North America's largest ski resort operators.

Michael Fulton
Park City Ski Patrol Strike Disrupts Operations at Vail's Largest Resort

Park City Ski Patrol Strike Disrupts Operations at Vail's Largest Resort

The Park City Professional Ski Patrol Association's strike has entered its fifth day, severely impacting operations at Park City Mountain Resort. With approximately 200 patrol members striking for better wages and benefits, Vail Resorts faces mounting pressure as limited terrain access and long lift lines frustrate guests.

Michael Fulton
Best Ski Resort In Utah For Beginners in 2025

Best Ski Resort In Utah For Beginners in 2025

Planning your first ski trip? Utah's resorts offer an unmatched experience for beginners, with terrain ranging from 13 gentle trails to a whopping 38 beginner-friendly runs across 1,975 acres. From Powder Mountain's uncrowded slopes to Park City's world-class instruction and Deer Valley's luxurious amenities, we've analyzed every resort to help you choose the perfect destination. Discover why Utah should top your list for learning to ski or snowboard.

Michael Fulton
Why Park City Is Amazing For Intermediate Riders!

Why Park City Is Amazing For Intermediate Riders!

We're going to tour the best intermediate terrain on both the Park City and Canyons sides of the resort, so strap yourself in — there's a LOT of terrain to explore! Remarkably, 41% of the 341 trails, that's 140 different trails, are graded blue for intermediates. That adds up to a whopping 105 kilometres or 65 miles of trails.

Michael Fulton

Latest News

More from the SnowStash desk

Spain Moves to Ban Smoking at Ski Resorts Under New Tobacco Law

Spain Moves to Ban Smoking at Ski Resorts Under New Tobacco Law

Spain's government has approved a draft tobacco law that would ban smoking across a wide range of outdoor spaces, including sports venues - a category Spanish winter sports media expect to cover ski resorts, potentially extending to slopes and lifts themselves. The rules would also apply to e-cigarettes and vaping devices, even nicotine-free ones. The bill still has to clear the Spanish parliament before any ban, signage, or fines can take effect.

22 July 2026
South Tyrol Approves New 16-Person Ciampinoi Gondola in Val Gardena

South Tyrol Approves New 16-Person Ciampinoi Gondola in Val Gardena

South Tyrol has approved a full rebuild of the Ciampinoi cable car in Selva di Val Gardena, replacing the current 12-person gondola with a 16-person cabin and a new mountain-station restaurant. Capacity is capped at 3,200 people an hour rather than the 3,600 the operator wanted, and 250,000 euros must go toward compensatory measures. No construction or opening date has been set, though the upgrade is partly aimed at clearing bottlenecks before the 2031 Alpine Ski World Championships.

22 July 2026
Resort Spotlight: Hoshino Tomamu - Corporate Japan's Mountain Playground Revisited

Resort Spotlight: Hoshino Tomamu - Corporate Japan's Mountain Playground Revisited

Hoshino Tomamu is the ski resort equivalent of a conference hotel that happens to have excellent powder. Built for corporate retreats and package tourists, it offers genuine Hokkaido snow on surprisingly limited terrain - 29 runs spread across 585 vertical metres.

21 July 2026
La Thuile's New Cable Car Replaces Two Ageing Chairlifts

La Thuile's New Cable Car Replaces Two Ageing Chairlifts

La Thuile is spending 38.7 million US dollars on a new 10-person cable car linking Les Suches to Chaz Dura, replacing the La Combe and Chaz Dura chairlifts after nearly forty years of service. Built by Leitner, the new cable car runs 1,950 metres to a top station at 2,576 metres, carrying up to 3,000 people an hour with a six-minute ride. It also improves the connection to La Rosiere in France via the Petit-Saint-Bernard Pass, and is on track to open for the 2026/27 season.

21 July 2026
The Remarkables Adds Scarpa Bowl to Its Inbounds Terrain

The Remarkables Adds Scarpa Bowl to Its Inbounds Terrain

The Remarkables is adding new inbounds terrain for winter, bringing the Scarpa Bowl - known locally as the Toilet Bowl - into its lift-accessed network after years as backcountry-only ground. The roughly 500 metre run is reached by bootpacking from the top of the Sugar Bowl chairlift, with a shuttle picking skiers up from the road at the bottom. It's a smaller, faster addition than the resort's planned Doolans expansion, though the new terrain hasn't opened yet due to a lack of snow this season.

21 July 2026
Ski Portillo Cut Off After Storm Dumps More Than 4.5 Metres of Snow

Ski Portillo Cut Off After Storm Dumps More Than 4.5 Metres of Snow

Ski Portillo remains isolated after an extended storm buried the Chilean resort under more than 4.5 metres of snow, with both ground and air access suspended since Tuesday while crews monitor avalanche hazards and worsening weather. Resort officials say further snowfall is expected in the coming days and haven't set a timeline for reopening the mountain road. Once access resumes, the scale of the snowpack could set up a strong season at one of the Southern Hemisphere's most historic ski resorts.

21 July 2026
Resort Spotlight: Lotte Arai - Japan's Corporate Ski Anomaly With 22 Metres of Annual Snowfall

Resort Spotlight: Lotte Arai - Japan's Corporate Ski Anomaly With 22 Metres of Annual Snowfall

Lotte Arai receives 22 metres of annual snowfall - exceptional even by Japanese standards - but its corporate ownership model and limited terrain create an unusual cost-benefit equation. Here's what the numbers actually mean on the ground.

19 July 2026
Resort Spotlight: Banff Sunshine Village - Nine Metres of Snow and a Season That Runs Until May

Resort Spotlight: Banff Sunshine Village - Nine Metres of Snow and a Season That Runs Until May

Banff Sunshine Village sits at 1,660m base and receives 9.27m of snow annually. Inside Banff National Park, it offers a six-month season and terrain split that skews heavily advanced - though the crowds and lift infrastructure tell their own story.

18 July 2026