Ski Areas

Ski Areas

Ski area valuations commonly include the ski business enterprise, related ski area real estate holdings, unrelated excess real estate holdings, and other included business enterprises such as golf courses, transit services, real estate management services, and summer operations.

Most ski resorts operate on a combination of fee simple, special use permit or leasehold land. Ski resorts are commonly located on federally owned land (U.S. Forest Service or Bureau of Land Management) or state-owned land. Therefore, appraisers must consider leasehold interests, leased fee interests, special use permits, access easements, tangible and intangible interests, land use constraints, water rights, environmental concerns, master plans, and a myriad of land development issues.

Our professional appraisal team is trained to work with clients to answer specific valuation questions regarding all aspects of ski area appraisal assignments. This includes a detailed analysis of economic conditions, climate patterns, demographic changes, skier visits, gross income and operating margins ultimately affecting the underlying EBITDA.

Recently completed ski area assignments:

Property Name
Location
Size (Acres)

Whitefish Ski Resort Whitefish, MT 3,000
.
.
.
Bogus Basin Boise, ID 2,600
.
.
.
Snowbird Resort Salt Lake City, UT 2,500
.
.
.
Moonlight Basin Big Sky, MT 1,772
.
.
.
Telluride Ski Resort Telluride, CO 1,700
.
.
.
Durango Mountain Resort Durango, CO 1,200
.
.
.
Crested Butte Mountain Resort Crested Butte, CO 1,073
.
.
.
Okemo Mountain Resort Ludlow, VT 632
.
.
.
Sunlight Mountain Resort Glenwood Springs, CO 470
.
.
.
Mount Sunapee Ski Resort Newbury, NH 230