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Temperature rises around sale of The Canyons
 Poster: A snowHead
Poster: A snowHead

The Canyons ski Resort, Utah
The recent sale of The Canyons resort in Utah has been blocked by lawsuits amid claims of collusion between the seller and buyer. Wolf Mountain, which leases the land used by the ski area, filed suit on Monday against the buyer Talisker Canyons Finance Co., alleging that Wolf Mountain is required to approve any transfer of ownership of ski operations at The Canyons. But it doesn't end there...
Last week Vail Resorts Inc, owners of 7 US resorts, sued both buyer and seller claiming a "blatant conspiracy" to thwart its exclusive rights to purchase the Canyons.
They are also pointing the finger at a real estate promoter, Peninsula Advisors, whom they alledge pulled out of an agreement with them to buy the resort and subsequently entered into one with Talisker, the new buyers.

And, as if that wasn't complicated enough, it appears that Peninsula Advisors themselves have recently sued the land owner Wolf Mountain who in turn have their own lawsuit pending, filed in June 2006, attempting to evict the seller, The American Ski Company over alleged lease violations!

Just for good measure, Vail have also made an offer exceding the current one by $10m.

The Canyons was the last resort to be sold in the disolution of The American Ski Co. (see here), the plan being to use the cash sale to finance repaying of the remaining creditors.

Why are they all making such a fuss over the Canyons? Well they claim to be "the largest single ski and snowboard resort in Utah and one of the five largest in the U.S."

Source
Source

The Canyons
Vail Resorts Inc
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ski holidays
 Obviously A snowHead isn't a real person
Obviously A snowHead isn't a real person

Why indeed?

Posted this in another thread:

"They should buy Powder Mountain instead.

Better terrain & snow, and more opportunity for Vail Inc. to stamp their brand. The Canyons is already established architecturally."


These shenanigans might be a blessing in disguise for Vail Inc.

IMHO The Canyons is not the best resort in the valley (The Canyons, Park City, Deer Valley) let alone Utah.
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