Business briefs, March 25-28
Chamber/Bureau to hold member mixer
The Park City Chamber Bureau is set to hold an after-hours mixer for members on April 13. According to the organization’s website, visitparkcity.com, the mixer is an opportunity for members and prospective members to network with one another. The event will be held from 5 to 7 p.m. at the Jeremy Ranch Golf and Country Club and will feature live music and complimentary food and beverages. People wishing to attend are asked to RSVP on the website.
Company acquires Park City-based Resorts West
The luxury travel company Natural Retreats announced its acquisition of Resorts West, a Park City-based vacation rental company with 125 properties throughout Park City. According to a press release, Natural Retreats intends to open a regional office in Park City, while the owners of Resorts West will continue to be involved in the company. Matthew Spence, Natural Retreats’ founder and CEO, said the company is proud to be a part of the Park City community. “Our global luxury vacation rental expertise and commitment to amazing service plus the truly outstanding and experienced Resorts West team will help us ensure we continue to build upon the legacy they have created here over the past 17 years,” he said.
Consumer price index rises in Utah
The Zions Bank Wasatch Front Consumer Price Index saw a 0.2 percent bump in February. According to a press release, the index has increased 3.2 percent since the same time last year, mostly on the back of rising housing prices. “A strong housing market translates to a stronger overall economy throughout the state,” said Scott Anderson, Zions Bank’s president and CEO, in the release. “As housing prices rise, residents are more confident in the value of their homes. They then become more confident in their purchasing power, which has positive repercussions across the economy.”
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Vail Resorts has entered into a definitive merger agreement to acquire 100 percent of the outstanding stock of Peak Resorts. Through the acquisition, Vail Resorts will add 17 U.S. ski areas to its network of resorts.