CoralTree Hospitality’s Post

With every new Extell project, I think this is as good as it gets… and then we outdo ourselves again, and again. #extell #extelldevelopment #lovewhereyouwork

"Bergman is not just new terrain for Keystone visitors, it’s like an entire new ski resort, with some of the best snow and best views on the mountain, all super easy to access." From the addition of Bergman Express to the anticipated debut of Kindred Resort, Larry Olmsted's recent Forbes article makes a tremendous argument for why Keystone Resort is, in his words, “The Next Big Thing.”

Sasquatch Mountain Resort's $2.5B Expansion Moves Forward: Transforming Fraser Valley into a Premier Year-Round Destination ⛷️🏗️ The Fraser Valley's Sasquatch Mountain Resort is moving into a new phase of development following the approval of the official community plan by the Fraser Valley Regional District. This significant expansion, estimated to cost $2.5 billion, aims to transform the small ski resort into one of British Columbia's major ski destinations over the next 15 to 20 years. Key points: 🔹Development Phase: After five to six years of planning, construction is set to begin in the summer of 2023 with a hostel, staff accommodations, and retail space. 🔹Future Expansion: The project includes 600 new condo units and 80,000 sq. ft. of commercial space slated for 2024. 🔹Long-Term Vision: Plans to increase capacity to 16,000 daily visitors, adding 23 chairlifts and over 280 runs. 🔹Year-Round Operations: Expansion into summer activities such as aerial parks and mountain coasters. #landdevelopment #fraservalley #skiresort #vancouverrealestate

Americans do it bigger! If you've ever skied in Andermatt, #Switzerland, you might have not realised that you were a guest of the #Americans. The same would be true if you recently skied in Crans-Montana. Indeed, both #ski resorts are operated by the American giant Vail Resorts. Forget about local flavour and traditional food. Vail Resorts owns and operates more than 40 resorts across the US, Canada, Australia, and Switzerland. Their acquisitions of the Andermatt and Crans-Montana ski resorts in 2022 and November 2023 respectively, marked their entry into the European market. In Andermatt, they quickly injected millions to upgrade lifts, improve snow-making, enhance hospitality and more. But more importantly, they included the Swiss resort into their signature international format, the Epic Pass. With the Epic Pass, skiers can choose to ski at any of the 40+ resorts owned by the company. This allows them to literally follow the snow across continents! Given that day-passes at American resorts are priced nearly $300, a season Epic Pass costing around $900 looks like a bargain. For a New Yorker, flying 6-7 hours to Zurich or 4 to Colorado plus the driving doesn’t make a big difference. With the number of overnight stays by North Americans quadrupling in the last year, it’s now common to hear Yankee accents on the slopes of Andermatt. The entry of the Americans has driven up #realestate prices, by 12% in the last year, reaching CHF 18-19k per square meter. International companies, such as the Egyptian-Montenegrin-Swiss Orascom Development, are undertaking major real estate projects in the area. Crans-Montana will probably follow suit. The model of large public companies operating multiple ski resorts is new to Europe. In fact, most European resorts are managed by local entities. For example, the #Dolomiti Superski area in Italy and the #Arlberg area in Austria, among the largest of the Alps, are managed by local companies bearing the same name. An exception is the French Compagnie des Alpes, a public company listed in Paris which operates some of largest ski resorts in France. Due to climate change, running ski resorts is becoming an expensive endeavour. It requires increasingly larger capital, something Americans don’t lack of. However, this might come at the expense of the local alpine favour, which I believe is essential for an enjoyable ski holiday in Europe. 👉 If you liked this post, follow Giacomo Iotti for more!

Sharing my latest post about choosing between catered and self-catered chalets for your ski holiday! Check it out for expert tips on planning your ultimate winter escape. ⛷️❄️ #SkiHoliday #WinterEscape #TravelPlanning

Delayed start times, limited lifts open, and closed village shops are all a result of low work force due to high cost of living and lack of housing in our mountain towns. If you're interested in learning more about how some resorts are tackling this issue, check out this Ski Mag article. #tahoe #truckee #laketahoe

The evolution of Keystone is continuing. According to Forbes: Keystone is quickly being elevated to the coveted status of “The Next Big Thing." "The next big thing at Keystone is Kindred, one of the most high-profile non-terrain additions in American skiing. Kindred is a combination base lodge, ski-in/ski-out luxury residences, hotel and private club. That sounds like a lot, and it is a lot, as the project, now well under way, is huge. What’s most amazing about it is that it occupies the very best real estate at the resort, right at the main gondola base. There are almost no ski resorts in the world that still have this prime spot..." Thanks to Larry Olmsted from Forbes for being the first to cover the bigger story of Keystone's evolution from a hidden gem into a luxury player in the family resort arena on a global stage. We have new terrain, a new town and soon a new base area with the first luxury ski-front hotel and lodging at Kindred. #newhotel #newconstruction #coloradorealestate #mountainrealestate #skiresort #keystone #colorado #skiindustry

If you're a company with multiple locations, and aren't proactively tracking your leases, you're putting your entire business at risk. Just ask Park City Mountain Resort What could've been continued years of cheap rent at the greatest location for skiing in the country turned into the most costly clerical error in the history of the ski industry. The culprit? Inadequate lease management Despite investing over $100 million into the resort, Powdr Corp failed to renew their lease in a timely manner, which was incredibly inexpensive at just $155,000 per year for ~2,800 acres of land. After a 3-year legal battle Vail Resorts won the right to operate Utah's most popular ski resort while Park City Mountain Resort became extinct. Don't let a simple oversight cost you 50+ years of operations. Ensure proper lease administration to safeguard your business. #LeaseManagement LeaseHero

Spending time in the outdoors and wellness go hand in hand. Our 5th Camping & Outdoor Hospitality Report unveils new perspectives on how campers and leisure travelers associate wellness with the outdoors. Take a read through, there is some interesting findings, like: - 69% of campers say camping contributes to their emotional wellbeing - Campers are prioritizing what makes them happy, emphasizing spending time with loved ones and slowing down to enjoy the moment, rather than spending time organizing activities - 65% of campers are interested in a digital detox Find more insights here: https://lnkd.in/gfmzMqF5?

For ski resorts, shoulder season is a golden opportunity waiting to be seized, even when the snow melts. ⛷️ Read our blog to explore how ski resorts can attract more business during this off-peak period, particularly for meetings and events, and how sales teams can capitalize on this untapped potential. 🔗 https://hubs.la/Q02xk39r0 #SkiResorts | #ShoulderSeason | #GoldenOpportunity | #Knowland | #Hotels | #Hotelier | #Events | #Meetings | #EventTrends | #GroupDemand