Americans can purchase expensive ski gear discounted in Canadian dollars; they can take their family skiing, with first class accommodations and out for dinner – all at a 30 per cent discount.
So if you are Vail Resorts, why not just buy the whole mountain.
And that’s what the company that runs the iconic mountain resort in Vail, Colorado, along with other big names like Park City in Utah, and numerous other resorts across the US and Australia- has done.
The deal, valued at approximately $1.4 billion Canadian dollars, is offering shareholders of Whistler Blackcomb a 443% premium above Friday’s stock market close in what is being deemed a friendly takeover.
Of course one major aspect will be the timing of coming into the Canadian market with a cheap Canadian dollar, while adding a major name to Vail’s already well known portfolio of ski resorts where they promise Whistler skiers an improved customer experience while maintaining the brand.
And they have big plans to expand the mountain.