business

You are browsing the business tag archive.

Snowhoe equipment saved lives after ‘copter crash

Snowhoe equipment saved lives after ‘copter crash

Stranded for half a day after a mountain crash and suffering from broken bones and winter cold, the 17-member crew of a military helicopter were rescued thanks to two snowcats and six snowmobiles lent by Snowshoe Resort. The equipment helped rescuers reach the remote scene where the helicopter crashed February 18, according to a story [...]

Intrawest has also sold Squaw Village

Intrawest has also sold Squaw Village

Snowshoe’s parent company appears to have accelerated its efforts to shed assets to raise cash to hold off creditors who have threatened to take over the company’s assets — as Intrawest’s sale of the Village at Squaw, a major component of Squaw Valley, was announced January 29, just a day after a proposed sale of Panorama Village, [...]

Some say quarry proposal threatens Snowshoe

Some say quarry proposal threatens Snowshoe

A proposal to expand a quarry at the foot of Snowshoe has enraged some tourism businesses and created a 2-1 split on the County Commission, according to a story in the Pocahontas Times, which first broke the news January 13. The fear is that the million annual tons of limestone to get hauled out of [...]

Intrawest boss predicts slow industry recovery

Intrawest boss predicts slow industry recovery

The man who runs Snowshoe’s parent company – which he has already said is in survival mode – issued another dire statement about the ski business. It’s in for a long, slow recovery, perhaps two seasons, Intrawest CEO Bill Jensen told an annual ski conference in Whistler, home of the company’s largest resort. The prediction comes just three months [...]

March keeps WV ’08-09 season flat

March keeps WV ’08-09 season flat

The Charleston newspaper reports on an overall flat ski season which actually escaped the West’s woes (as we suspected), and a thrice-a-week Orlando-to-Charleston flight that buoys the spirits of Joe Stevens, the WV industry spokesguy (who used to be the Snowshoe spokesguy.)

Magic Mountain: How a ski area can sell itself

Magic Mountain: How a ski area can sell itself

Faced with perennially thin snow cover and an annual operating loss that exceeded its total revenues in two of the last six years, Magic Mountain in southern Vermont hopes to go the way of Mad River Glen and sell itself to its die-hard fans. It won’t be easy. Located near such crowd-pleasers as sunny Bromley and [...]

Yellowstone Club: How a ski resort can go wrong

Yellowstone Club: How a ski resort can go wrong

Although it’s most of a contintent away, the Yellowstone Club bankruptcy may hold an instructive lesson for Snowshoe, as the Club — according to people quoted in an in-depth June 14 New York Times story — was a successful enterprise until its founder decided to pile on $375 million in debt to take the concept worldwide. Snowshoe, meanwhile, has [...]

Will West’s woes boost the ‘Shoe?

Will West’s woes boost the ‘Shoe?

The East appears to be having a good season while the West is not, according to Marketwatch, which pins the blame for rough times in the Rockies on the sour economy. Snowshoe’s current marketing efforts attest, “Your trunk is free,” took a bold swipe at the airlines – the gateway for the big Western resorts – who are charging [...]

Fortress has another losing quarter

Fortress has another losing quarter

Snowshoe’s beleaguered parent company, the publicly held Fortress Investment Group, announced another rough quarter to Wall Street today, announcing a $258 million loss, as the company continues to feel the effects of the credit crunch and redemptions from its once-storied hedge funds. Hey, Snowshoe and its season of 190″ of snowfall did their part to prop [...]

Skiing to wrap on March 22nd

Skiing to wrap on March 22nd

Some condo owners received word today that Sunday, March 22 will be the last day for skiing and snowboarding at Snowshoe. If so, that moves the date up a week from the original planned closing date of March 29 and suggests a wet end to a snowy season that began with three feet of snow [...]

Related Posts Plugin for WordPress, Blogger...
Latest Comments
Archives