POWDR is one of North America's largest ski resort operators, along with Boyne Resorts, Peak Resorts, Intrawest, Aspen Skiing Company, and Vail Resorts. Unlike its competitors, POWDR focuses on becoming an adventure lifestyle company rather than real estate development. Owned by the Cumming family and headquartered in Park City, Utah. John Cumming, who founded the Mountain Hardwear apparel company, and, before that, explored the world climbing the great mountains as a guide to Rainier Mountaineering, is the current CEO of POWDR.
Video Powdr Corporation
History
POWDR was founded in 1994 by Ian Cumming and John Cumming with the purchase of Park City Mountain Resort. Later that year, the company expanded into California with the purchase of Alpine Meadows near Lake Tahoe. In August 1995, the company continued its expansion in California with the purchase of Boreal and Soda Springs ski areas. In April 2001, POWDR acquired Mt. Undergraduate ski area of ​​a group of shareholders. The company bought Las Vegas Ski and Snowboard Resort in November 2003. Killington and Pico were sold to POWDR by American Skiing Company in May 2007.
In July 2007, POWDR sold Alpine Meadows to JMA Ventures.
Since 2008, when POWDR acquired Outdoor TV, POWDR has diversified its focus to adapt to the changing world of the ski industry and evolved into "lifestyle adventure companies".
POWDR acquired Copper Mountain in Colorado in December 2009 from Intrawest. Powdr acquired "World of Adventure Sports Presentated by GoPro", an Emmy Award-winning TV series on December 3, 2013. In July 2011, POWDR purchased a majority stake in the 'Camp Woodward action' sport.
In March 2015, Louisville, a Colorado-based event production company, Management of the Human Movement was acquired by POWDR, transforming the company's portfolio from just a ski resort into an active lifestyle company.
Since the acquisition of POWDR in June 2016 at Eldora Mountain Resort in Colorado, POWDR has invested significantly to restore the 55-year-old ski area to its roots as the hills behind Boulder. In the fall of 2017, POWDR opened Woodward's fifth facility and first location in Mexico, at the Hard Rock Hotel Riviera Maya.
Maps Powdr Corporation
Legal Charges
Disrespect specific access cards offered by previous Killington owners
In July 2010, a federal judge dismissed a class action lawsuit against Killington Resort over the so-called 'past' past skiing. Judge Christina Reiss discovers that the owner of the resort has no legal obligation to honor the investors' season ticket when purchasing Killington Resort in 2007. POWDR is not mentioned in the lawsuit.
Loss of Park City rent
When Park City Mountain Resort, a POWDR resort, mistakenly failed to renew "rent lovers" for some of its ski area, the company was eventually evicted from the property and, after a long legal battle, "reluctantly" sold the rest of the county assets to Vail Resorts around 180 million dollars by the end of 2014.
Properties
West
- Boreal Mountain Resort, California
- Soda Springs, California
- Mt. Bachelor, Oregon
- Sun Country Tour, Oregon
- Woodward West, California
- Woodward Tahoe, California
Mountain West
- Copper Mountain, Colorado
- Woodward Copper, Colorado
- Eldora Mountain Resort, Colorado
- Lee Canyon, Nevada
- Gorgoza Park, Utah
Northeast
- Killington Ski Resort, Vermont
- Mount Pico, Vermont
- Woodward Pennsylvania, Pennsylvania
Mexico
- Woodward Riviera Maya, Mexico
Property under Development
- Woodward Park City, Park City, Utah
Former Property
- Alpine Meadows, California
- Park City Mountain Resort, Utah (Sales to Vail Resorts Announced, September 11, 2014).
References
Source of the article : Wikipedia
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