Are mega-resorts starting to unwind?

To everyone’s surprise, a few days ago, POWDR, a smaller but significant North American ski conglomerate, owner of 10 resorts announced it was selling two of them (Killington and Pico, both in Vermont) to a group of local investors.

The company isn’t going to stop there though, as it also plans to put several of its other ski resorts, like Eldora, Colorado, Mt. Bachelor, Oregon, and SilverStar, British Columbia for sale. 

It also claims that it will remain dedicated to its other resorts that include Boreal and Soda Springs in California, Copper Mountain in Colorado as well as Gorgoza, Woodward and Snowbird in Utah and its two National Park concessions contracts. 

Does this signal that POWDR is suddenly concerned about climate change and a limited, if not struggling growth in its ski business? It will be interesting how fast and how eager Alterra and Vail Resorts are “biting” at the buying opportunity offered by the Park City based company...