Tahoe’s big 3 Colorado Investors (East West, Vail, & KSL) bought these resorts for a reason. They understand that Tahoe ski resorts have the Bay Area and Sacramento area on lock-down. That pays the bills, but doesn’t make investors big profits.
The Question: how to get those investors more coin.
The Answer: More real estate & Asian and European Tourists.
“”I think over time we will see an international market develop in Tahoe, coming from Asia and Europe via San Francisco.” – Andy Wirth CEO of Squaw Valley via denverpost.com
Still think these Colorado guys don’t wanna blow up your ski resort?
“Real estate development can play a key role in enhancing the overall experience,” Wirth said. “What we’ve learned in this modern era of ski-resort development is how to integrate operational plans on the mountain and real estate plans at the base to create a more whole experience.” – Andy Wirth CEO of Squaw Valley via denverpost.com
The Denver Post has a quick article about this up right now. Give it a read: