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Vail Resorts Reports Strong Q2, Plans Capital Improvements

Vail Resorts reported strong Q2 growth "across its skiing and lodging operations," and it announced an "ambitious capital improvement plan for both winter and summer operations." CEO Rob Katz said that the company "has repaid all the money borrowed used to finance" the $182.5M acquisition of Park City Mountain Resort last year. Vail Resorts intends to spend about $50M this year on projects such as linking the Park City and Canyons resorts to create the "largest ski area in North America" (VAIL DAILY, 3/13).

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