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28-487: In the summer of 2010, Canyons was significantly upgraded by Talisker Corporation in order to compete with the other nearby resorts. In 2013, Talisker and Vail Resorts signed a 50-year lease for Vail to run the resort operations. One year later, Vail Resorts purchased neighboring Park City Mountain Resort and merged the two resorts via an interconnect gondola , re-branding as Park City at that time. The former Canyons base area

56-675: A season pass for its North American resorts at a significant upfront cost. However, Vail's stock price has declined by 50% since its October 2021 peak of $ 360. While this past winter was one of the warmest on record for the company, concerns exist that future winters may even be warmer. Some of Vail Resort's acquisitions have fueled anger among local residents. Locals complain that the Vail's pass structure caters to wealthy international pass holders and reduces access to nearby residents; additionally, residents have seen their cost-of-living increase following Vail's takeovers. In 2001, Vail Resorts acquired

84-624: A former ski instructor who was recently the mayor of the Town of Vail, and Mark Smith, a real estate broker/turned developer who currently also runs East West Partners with Harry Frampton, who was the former President of Vail Associates and currently owns East West Partners. East West Partners has built most of the large buildings that make up the Beaver Creek Village, including the Marketplace Building, Village Hall , and One Beaver Creek. This

112-494: A partnership which bought Snow Basin , near Ogden, Utah , in 1978, but ran into financial difficulty in 1984. The area was sold that October to Earl Holding , owner of Sun Valley in Idaho . Snowbasin was the venue for the alpine speed events of the 2002 Winter Olympics . Pete's Bowl in Vail's Blue Sky Basin , and the Pete's Express lift, was named for Seibert when the second phase of

140-450: Is reportedly the largest Trek bicycle dealer in the world. Vail Resorts also owns just over 50% of Slifer Smith and Frampton (SSF), the largest real estate brokerage company in the Vail region, controlling over 70% of the real estate transactions in the market. Slifer, Smith, and Frampton were called Slifer, Smith, and Frampton/Vail Associates Real Estate, but they dropped the "Vail Associates" name in 2003. The founders of SSF are Rod Slifer,

168-536: Is separate from East West Resorts, a separate property management group. Vail Resorts Development Company (VRDC) is the wholly-owned real estate development company that Vail Resorts uses to develop all of its company-owned real estate, other than the projects East West Partners develops. VRDC developed Bachelor's Gulch, one of the business's most upscale ski-in/ski-out resorts, with its own Ritz Carlton and just over 100 slopeside mansions. President Gerald Ford kept his ski house between Beaver Creek and Bachelor's Gulch in

196-917: The Battle of Riva Ridge in Italy in February 1945, he returned to the United States to begin recuperation. Like other ski soldiers who had trained at Camp Hale, Seibert returned to Colorado, where he became a ski patrolman at the Aspen Mountain . He qualified for the 1950 U.S. Ski Team , which hosted the 1950 World Championships at Aspen, although his injury prevented him from competing. In 1957, Seibert and rancher Earl Eaton climbed Vail Mountain where, as trainees from Camp Hale (Earl did not train at Camp Hale but he did help build it), they had learned winter bivouacking , and decided to build "the most beautiful ski resort in

224-655: The Nordic events moved from Evergreen to Steamboat Springs . The original sites submitted in the 1970 bid satisfied a requirement of proximity to the Olympic Village (at the University of Denver ). In November 1972, Colorado voters rejected a referendum to publicly fund the Winter Olympics, and within three months the games were transferred to Innsbruck , Austria, which had recently hosted in  1964 . Seibert led

252-785: The Vail , Beaver Creek , Breckenridge , Keystone , and Crested Butte ski areas in Colorado, and Northstar California , Kirkwood Mountain Resort , and Heavenly Mountain Resort on the California-Nevada border. In British Columbia, Canada, they also acquired the largest ski resort in North America: Whistler Blackcomb . Vail Resorts offers a variety of multi-resort season passes under the Epic Pass program. The Epic Pass also has partnerships that allow access to several other resorts in

280-781: The Beaver Creek Club, the Arrowhead Alpine Club, and the Game Creek Club (in Vail). VRDC also developed Red Sky Ranch in Wolcott (approximate 10 miles (16 km) west of Beaver Creek), which includes two golf courses and many million dollar golf course homes. These clubs are now operated by the "Mountain Division" of Vail Resorts. Vail Resorts operates 42 ski resorts in the United States, Canada, Australia and Switzerland including, notably,

308-480: The Strawberry Park section of Beaver Creek. Arrowhead is the third "peak" in the heavily promoted "village to village ski experience" in which you can ski from Beaver Creek to Bachelor's Gulch to Arrowhead and back again. Arrowhead was a separate ski area unrelated to Beaver Creek for years before Vail Associates finally bought them in the early 1990s. VRDC also developed the "club" division of Vail Resorts, including

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336-702: The US, Canada, Japan, France, Switzerland, Austria, and Italy. Vail Resorts acquired the Grand Teton Lodge Company within the Grand Teton National Park in Wyoming in 1999. The GTLC properties include the Jenny Lake Lodge , Jackson Lake Lodge , and Colter Bay Village . 2014 September 11 (Park City) Pete Seibert Peter Werner Seibert (August 7, 1924 – July 15, 2002) was an American skier and

364-482: The company out of bankruptcy and took Vail Resorts public, controlling Vail Resorts until 2003, when Apollo divested itself of controlling interest. The skating rink at Beaver Creek, Colorado , was named the Black Family Skating Rink after Leon Black. Rob Katz, a former executive at Apollo, ran Vail Resorts as CEO until November 2021, when he was appointed executive chairperson of the board. Kirsten Lynch,

392-517: The company's former chief marketing officer, then took over as CEO. In June 2024, Vail Resorts reported lower-than-expected revenue during the February-April quarter due to a significantly warmer-than-anticipated winter across western North American resorts, with snowfall 28% lower than average. The company generated $ 1.28 billion in revenue during the quarter despite the stabilizing effect of its Epic Pass program, which allows customers to purchase

420-458: The company's retail operations are run by a smaller company, [Vail Resorts Retail, VRR], of which Vail owns 70%. The owners of the other 30% are the Gart Brothers, specifically Tom Gart, Ken Gart, and John Gart. The Gart family has been in the sporting goods business for three generations and was the former owner of Gart Sports, a large chain of sporting goods stores in the western US. Gart Sports

448-590: The founder of Vail Ski Resort in Colorado. He was inducted into the Colorado Ski (and Snowboard) Hall of Fame in 1980. A Massachusetts native, Seibert graduated from the New Hampton School in New Hampshire and served in the 10th Mountain Division of the U.S. Army during World War II , training as an elite ski trooper at Camp Hale in Colorado. Wounded in the leg by a mortar shell blast in

476-519: The future Beaver Creek ) would host the skiing portions of the 1976 Winter Olympics , which had been awarded to Denver in 1970. In early 1972, the venues for the skiing events were changed to established areas west of the continental divide , approved by the International Olympic Committee (IOC) in February. Alpine events were moved to Vail from the undeveloped Mount Sniktau (and Loveland Ski Area ) east of Loveland Pass , and

504-613: The luxury hotel chain RockResorts , contributing substantially to its brand recognition. RockResorts was named after its original owners, the Rockefeller Family . As of January 2017, the properties include: The Pines Lodge at Beaver Creek, CO The Lodge at Vail, CO The Osprey at Beaver Creek, CO The Arrabelle at Vail Square, CO One Ski Hill Place at Breckenridge Ski Resort The Grand Summit Hotel in Park City Utah All of

532-715: The mid-mountain chalet, Red Pine Lodge. In 2018, High Meadow, a fixed grip quad servicing a learning area at Red Pine Lodge, was replaced with a high speed quad constructed by Doppelmayr. In 2019, an egress fixed grip quad known as Over and Out was installed to provide a direct return route from Tombstone and Iron Mountain back to the Canyons Village base area. Prior to its merger with Park City Mountain, Canyons Resort covered nine mountain peaks with maximum elevation of 9,990 feet (3,040 m) on Peak   9990. The terrain had 182 trails, five bowls, six natural halfpipes, and three terrain parks. Side-mountain and backcountry skiing on

560-607: The surrounding National Forest land could be accessed through gates found on some of the peaks. In 2010, Canyons began hosting part of the Sprint Grand Prix of Skicross and Snowboardcross , which lasted several consecutive years. In the summer, Canyons Resort had an extensive trail and lift system open for mountain biking or hiking. The resort also operated two zip lines and a miniature golf course. As with most four-season resorts, Canyons Resort had dining, shopping, and lodging options. The village also hosts concerts throughout

588-452: The world". They raised funds from a group of Denver investors, bought a ranch at the base of Vail mountain and, to distract competitors, called it the "Trans Montane Rod and Gun Club". The resort was built in 1962 at the base of Vail mountain, opening on December 15 with two chairlifts and one gondola ; lift tickets were five dollars . In seven years, Vail grew to become the most popular ski resort in Colorado. Seibert hoped that Vail (and

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616-619: The year at its outdoor amphitheater . Vail Resorts Vail Resorts, Inc. is an American mountain resort company headquartered in Broomfield, Colorado . The company is divided into three divisions. The mountain segment owns and operates 42 mountain resorts in four countries. Vail Resorts Hospitality owns or manages hotels, lodging, condominiums, and golf courses, and the Vail Resorts Development Company oversees property development and real estate holdings. Vail Resorts

644-552: Was announced that Vail Resorts would operate Canyons under a 50-year lease, with six 50-year renewal options. Vail Resort announced a plan to combine Canyons Resort with Park City Mountain Resort through an interconnect gondola between Iron Mountain at Canyons and the Silverlode lift at PCMR in 2015. The combined areas are operating as Park City Mountain Resort, but the former Canyons base area has been renamed Canyons Village at Park City . In addition, Vail has improved snowmaking and

672-584: Was finalized in 2008. In 2010, Talisker finished significant upgrades to the resort and officially changed the name to Canyons Resort . The upgrades included relocating the base terminal of Red Pine Gondola to a new gathering area called Ski Beach, installing two high speed quads (including Orange Bubble Express, the first chairlift in North America with heated seats), opening Iron Mountain and 300 acres (0.5 sq mi; 1.2 km) of new terrain, and many new dining and retail outlets. On May 29, 2013, it

700-724: Was founded as Vail Associates Ltd. by Pete Seibert and Earl Eaton in the early 1960s. Eaton, a lifelong resident, led Siebert (a former WWII 10th Mountain Division ski trooper) to the area in March 1957. They both became ski patrol guides at Aspen, Colorado , when they shared their dream of finding the "next great ski mountain." Siebert set off to secure financing, and Eaton engineered the early lifts. Their Vail ski resort opened in 1962. George N. Gillett Jr. purchased Vail Associates in 1985. Vail Associates changed its name to Vail Resorts and went public in 1997 after Gillett Holdings went bankrupt. Apollo Management , headed by Leon Black , bought

728-441: Was renamed ParkWest in 1975 after a change in ownership, and the name was changed again in 1995 to Wolf Mountain (not to be confused with the small ski area of the same name near Ogden, Utah ) for two seasons, then became The Canyons in 1997, after the acquisition by American Skiing Company . In 2007, American Skiing Company sold all of its assets and dissolved as an active corporation. The Canyons sale to Talisker Corporation

756-1006: Was sold by the Gart family in the 1990s and then recently sold again to Sports Authority , which discontinued the use of the Gart Sports name in 2006. In 2010, Vail completed the buyout of the Specialty Sports Venture brand and is now the 100% owner of all SSV operations. In addition to all of the ski shops in the Vail Resorts portfolio of ski areas, the SSV chain of stores includes Bicycle Village in Denver, Colorado Ski & Golf, Boulder Ski Deals, Aspen Sports, Telluride Sports, and Mountain Sports Outlet in Summit County and Glenwood Springs and many others. SSV

784-421: Was then renamed as Canyons Village at Park City . The resort has also been used as a major concert venue hosting artists such as Heart , Meat Loaf , Barry Manilow , Lynyrd Skynyrd , Cheap Trick , Sheryl Crow , Bon Jovi , Sting , The B-52's and The Beach Boys . The Canyons opened as Park City West in 1968, a sister resort to the nearby Park City Mountain Resort which opened five years earlier. It

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