Business Briefs for Saturday, July 15
July 15, 2006
American Skiing Company, one of the largest operators of alpine ski, snowboard and golf resorts in the United States, announced that its board of directors has retained investment advisors to initiate a strategic review of business options for the Steamboat Ski and Resort Corporation in Colorado, including the potential sale of the resort.
"Steamboat’s status as a world-renowned destination resort, combined with the financial performance generated by its tremendous management team and dedicated staff, have positioned the resort for success well into the future," said BJ Fair, American Skiing Company’s CEO and president. "American Skiing Company is coming off its second straight record year, which has created a number of opportunities for us to pursue. Given current positive market conditions and Steamboat’s outstanding performance, the board has decided to review potential alternatives with respect to Steamboat and engage financial advisors to assist that process. Our intent is to drive the maximum value for the company’s stakeholders."
Sea to Ski acquires Randy’s Home Watch
Sea to Ski Premier Home Management, which is based in Park City, announced today it has acquired the client base of Randy’s Home Watch. Financial terms of the transaction were not disclosed, but Sea to Ski CEO, Charlie Robbins stated "We are very excited about this opportunity to expand our business. The client base of Randy’s Home Watch is a valuable addition to Sea to Ski’s growth strategy."
"Sea to Ski’s acquisition of Randy’s Home Watch is consistent with our service philosophy and we are committed to our new client base," Robbins said.
More information about Sea to Ski Premier Home Management can be found at http://www.seatoskiproperties.com or by calling (435) 940-1020.
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