WILDWOOD, Mo., May 10, 2018 (GLOBE NEWSWIRE) -- Peak Resorts, Inc. (NASDAQ: SKIS ) (“Peak” or the “Company”), a leading owner and operator of high-quality, individually branded U.S. ski resorts, announced that the recent seasonal closing of Wildcat Mountain in Pinkham Notch, New Hampshire completed a highly successful 2017/18 ski season across its 14 ski resorts. The 2017/18 season, which began on November 11, 2017 with the opening of the Company’s Mount Snow, Wildcat Mountain and Big Boulder resorts, lasted as long as 145 days at Wildcat and featured incredible skiing and riding conditions right until its final days.
Jesse Boyd, Vice President of Operations, commented, “On behalf of the entire Peak Resorts team, I’d like to thank our loyal guests for making the 2017/18 ski season one for the record books. Strong interest in our Peak Pass products drove great visitation throughout the season as guests responded to one of our earliest openings on record at Mount Snow and great mid and late season conditions with consistently good skiing and riding across many of our mountains. Our Northeast and Midwest on-mountain teams and snowmaking capabilities made it possible for us to mitigate much of the extreme weather variability experienced throughout the season and provide a more consistent experience to help drive added visitors to our mountains.
“I’d also like to extend my sincere thanks to our team members who showed up each day throughout the season to provide our guests with a fantastic skiing and riding experience. Our team braved record low temperatures in early January, leveraged our powerful snowmaking systems to resurface trails in the face of volatile and challenging conditions, and created the family atmosphere we are known for, thus demonstrating why they are the best in the industry. The Peak Resorts team remains the lifeblood of our company and we appreciate their hard work, dedication and devotion to excellence.”
With the Company’s transition away from the winter ski season now underway, Peak Resorts and its mountains have created a compelling lineup of events and activities that will keep guests entertained and active throughout the summer. From high-profile festivals like the Taste of Country Festival and Mountain Jam at Hunter Mountain to The Boston Mills Artfest Show and the Rugged Maniac obstacle course races at Paoli Peaks and Snow Creek, Peak’s guests will have many good reasons to return to the mountains to enjoy the warmth of summer. Additionally, on-mountain activities like mountain biking, hiking, chairlift rides, zip lines, mountain coasters and climbing walls create great adventures for all ages.
Activities on tap for the 2018 summer season include:
- Attitash Mountain Resort
- Mountainside Summer Music Series presented by Bud Light (Saturdays, June 30 to Labor Day)
- A newly revamped and bigger Blueberry Fest 2018 (August 4)
- Red Parka Pub World Championship Downhill Tricycle Grand Prix (September 16)
- 4 th Annual White Mountains Jeep Invasion presented by Granite State Offroad (September 22)
- 21 st Annual Oktoberfest (October 6-7)
- On-Mountain Activities (mountain biking, ZipTour, alpine slide, mountain coaster, chairlift rides)
- Base Area Activities (slacklines, airbag, climbing wall, Eurobungy trampoline, waterslides)
- Boston Mills Brandywine Valley
- The Boston Mills Artfest Show I (June 29 - July 1)
- The Boston Mills Artfest Show II (July 5-8)
- Crotched Mountain
- The Crotched Mountain Hundred (August 18)
- The Crotched Mountain Hundred (August 18)
- Hunter Mountain
- 4x4 Adventure Jeep Go Topless Day (May 19)
- Taste of Country Festival (June 8-10)
- Mountain Jam Weekend (June 15-17)
- 4x4 Off Road Adventure (June 23, August 26, September 22, October 8)
- Pursuit Series Adult Adventure Camp (June 29 - July 1)
- Oktoberfest (September 22-23, September 29-30, October 6-7, October 12-13)
- Ahimsa Yoga & Music Festival (November 2-4)
- On-Mountain Activities (scenic skyride, zipline canopy tours, hiking, disc golf)
- Mad River Mountain
- Savage Race 2018 (June 9)
- Savage Blitz 2018 (June 10)
- Mount Snow
- Peace Pipe Rail Jam (May 26)
- Fireworks for Freedom (July 3)
- Angry Orchard’s Rock the Roots Tour featuring Sublime with Rome
- Blueberry Bash (July 28)
- 24 th Annual Mount Snow Brewers Festival (September 1-2)
- ACS Hops for Hope 5k (September 1)
- Vermont Wine & Harvest Festival (September 22)
- 8 th Annual Vermont Wildlife Festival (September 23)
- 45 th Annual Harvest Arts & Crafts Show (October 6-7)
- Gulp and Gallop 5k (October 6)
- 21 st Annual Mount Snow Oktoberfest (October 6-7)
- Outdoor Exploration Camp
- On-Mountain Activities (hiking, mountain biking, lift rides)
- Golf
- Paoli Peaks
- Rugged Maniac (September 1)
- Rugged Maniac (September 1)
- Snow Creek
- Rugged Maniac (September 22)
- Rugged Maniac (September 22)
- Wildcat Mountain
- Wildcat On Tap – New Celebration of Summer in the Mountains
- On-Mountain Activities (gondola rides, ZipRider, 18-hole disc golf, hiking)
In addition to delivering an exciting array of events and adventures, Peak Resorts will be working hard this summer to complete two major projects, which will significantly enhance the skiing and riding experience at Hunter Mountain and Mount Snow beginning with the 2018/19 season. The Hunter North expansion project, now underway, will increase Hunter Mountain’s skiable acreage by approximately 25% through the addition of five predominantly intermediate trails. Access to the new terrain will come by way of a new high-speed six-person detachable chairlift, the existing White Cloud and Belt Parkway trails and a new entrance and parking area accessible via Route 23A. Peak Resorts estimates that the Hunter Mountain terrain expansion could generate an additional 40,000 annual skier visits at the resort. At Mount Snow, construction continues on the $22 million, 42,000 square foot Carinthia Base Lodge which will debut in time for the celebration of Carinthia Parks’ 10th Anniversary later this year.
Peak Resorts also reminds guests that the 2018/19 Peak Pass is on sale now through the website of each Northeast mountain as well as at mountain ticket windows. Add-on seasonal products such as lockers, seasonal kids programs and more are also available at the time of purchase through the resort season pass pages, allowing guests a one-stop shop for all their 2018/19 season needs.
About Peak Resorts
Headquartered in Missouri, Peak Resorts is a leading owner and operator of high-quality, individually branded ski resorts in the U.S. The company operates 14 ski resorts primarily located in the Northeast and Midwest, 13 of which are company owned.
The majority of the resorts are located within 100 miles of major metropolitan markets, including New York City, Boston, Philadelphia, Cleveland and St. Louis, enabling day and overnight drive accessibility. The resorts under the company's umbrella offer a breadth of activities, services and amenities, including skiing, snowboarding, terrain parks, tubing, dining, lodging, equipment rentals and sales, ski and snowboard instruction and mountain biking and other summer activities. To learn more, visit the company’s website at ir.peakresorts.com or follow Peak Resorts on Facebook for resort updates.
For further information, or to receive future Peak Resorts news announcements via e-mail, please contact JCIR, at 212-835-8500 or skis@jcir.com.
Forward Looking Statements
This news release contains forward-looking statements regarding the future outlook and performance of Peak Resorts, Inc., within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to a variety of risks and uncertainties that could cause actual results to differ materially from current expectations. These risks and uncertainties are discussed under the caption “Risk Factors” in the company’s Annual Report on Form 10-K for the year ended April 30, 2017, filed with the Securities and Exchange Commission (the “SEC”), and as updated from time to time in the company’s filings with the SEC. Peak Resorts undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Investor Contact:
Norberto Aja, Jim Leahy, Joseph Jaffoni
JCIR
212-835-8500 or skis@jcir.com
