Tuesday, June 7, 2016

North America's Biggest Operators in the Ski Business (2): Powdr Corp.

Powdr is a private, family-owned company run with the mission to share, inspire, and celebrate lifestyle and mountain sports. Powdr owns and operates nine mountain resorts located across the country, Woodward action sports camps and progression centers, a national television network dedicated to the active lifestyle, and the newest addition to the Powdr Portfolio – Powdr Enterprises, a sports marketing and entertainment company.
Powdr Corporation is one of the largest ski resort operators in North America. Unlike its competitors, Powdr focuses on ski area operations rather than real estate development. It is owned by the Cumming family and headquartered in Park City, Utah. John Cumming, who co-founded the clothing company Mountain Hardwear (Columbia Sportswear purchased Mountain Hardwear in 2003) is the current CEO.
Powdr was founded in 1994 by John Cumming with the purchase of Park City Mountain Resort. On September 2014 Vail Resorts announced that the Company has acquired Park City Mountain Resort (PCMR) from Powdr Corp. for $182.5 million in cash, subject to certain post-closing adjustments. The acquisition includes all of the assets of Greater Park City Company (GPCC), the land used for ski terrain at the resort held by Ian Cumming, and certain base parking lands owned by Powdr Development Corp., which have approved zoning for approximately 687,000 square feet of residential and commercial development. The acquisition does not include the Gorgoza tubing operation, located approximately 10 miles from the resort, which will be retained by Powdr Corp.

Powdr’s nine Mountain resorts cover regions in the Mountain West, the Pacific Northwest
, and the Northeast. The company is based in Park City, Utah.

Powdr Corp Owned Mountain Resorts:

Boreal Mountain Resort, California

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