Vail Resorts

#1603

Rank

$9.44B

MarketCap US

US United States

Country

Summary
Vail Resorts, Inc., through its subsidiaries, operates mountain resorts and regional ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 41 destination mountain resorts and regional ski areas. This segment is also involved in the ancillary activities, including ski school, dining, and retail/rental operations, as well as real estate brokerage activities. The Lodging segment owns and/or manages various luxury hotels and condominiums, and other lodging properties under the RockResorts brand; various condominiums located in proximity to the company's mountain resorts; destination resorts; and golf courses, as well as offers resort ground transportation services. This segment operates owned and managed hotel and condominium units. The Real Estate segment owns, develops, and sells real estate properties. The company was founded in 1845 and is based in Broomfield, Colorado.

History

Vail Resorts was founded as Vail Associates Ltd. by Pete Seibert and Earl Eaton in the early 1960s. Eaton, a lifelong resident, led Siebert 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 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, the company's former chief marketing officer, then took over as CEO.


Mission
our mission is simple - to create the Experience of a Lifetime for our employees, so they can, in turn, provide exceptional experiences for our guests.

Vision
Vail Resorts' vision is to be the premier, world-renowned mountain resort and lifestyle company in the industry. We strive to be the pre-eminent leader in hospitality, operations, and financial performance.

Key Team

Mr. David T. Shapiro (Exec. VP, Gen. Counsel & Sec.)

Mr. Ryan Bennett (Sr. VP & Chief Marketing Officer)

Mr. James C. O'Donnell (Pres of Mountain Division)

Mr. Nathan Mark Gronberg (VP, Controller & Chief Accounting Officer)

Mr. Timothy M. April (Exec. VP & Chief Information Officer)

Mr. Kenny Thompson Jr. (Chief Public Affairs Officer)

Ms. Lynanne J. Kunkel (Chief HR Officer & Exec. VP)


Recognition and Awards
Vail Resorts has received numerous awards, including being named one of the World’s Best Employers by Forbes and one of Fortune’s Most Admired Companies for 2017.

References
Vail Resorts
Leadership team

Mr. Robert A. Katz (Exec. Chairman)

Ms. Kirsten A. Lynch (CEO & Director)

Mr. Michael Z. Barkin (Exec. VP & CFO)

Products/ Services
Tourism, Travel
Number of Employees
1,000 - 20,000
Headquarters
Broomfield, Colorado, United States
Established
1992
Company Registration
SEC CIK number: 0000812011
Net Income
500M - 1B
Revenue
Above - 1B
Traded as
MTN
Social Media
Sat Feb 24 2024
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