Tuesday, June 7, 2016

Powdr Corp. Buys Eldora Mountain Resort

Today, Powdr Corp. has purchased Eldora Mountain Resort completing a long-rumored move. This amplifies Powdr’s presence in Colorado and serves as a strategic complement to Powdr’s other Colorado resort, Copper Mountain.
"Colorado’s Front Range is one of the best ski markets in the world. Expanding our footprint here, with now two of the most accessible resorts to serve those passionate skiers, is an enormous honor", said John Cumming, CEO and owner of Powdr. "Eldora is admired as a leading entry point and training ground for children and beginners. We want to work hard for more people to join us in the adventure-filled world of snow sports".
"I’ve had the privilege of knowing John Cumming for nearly 30 years", said William Killebrew, previous owner of Eldora. "He has built a great adventure company and has the reputation as an outstanding operator. When we decided to consider selling Eldora, we wanted to put our resort in the best hands possible, and Powdr was the first company that came to mind (...) Powdr Corp. is very strong financially and with already having a resort here in Colorado, it’s obvious there will be good synergies between the two companies that people will clearly benefit from. But it also means that they will be able to continue on our progress in developing Eldora’s master plan and bring it to fruition probably quicker than we could have”.
Brent Tregaskis, general manager at Eldora since 2015, will continue to run operations for the resort. "We are very excited to work with Brent and his team to continue to deliver amazing experiences to those that love Eldora", said COO/EVP of Powdr Resorts Tim Brennwald.

Eldora Mountain Resort is the closest ski area to the Denver metro area. By a large margin, it is the closest to Boulder, and is one of the few Coloradoski resorts on the east side of the continental divide.
The ski area was founded in 1962 and has proven popular partly due to skiers not having to use the extremely busy I-70 to reach the resort.
The resort caters mostly to day skiers and snowboarders. Eldora has thrived despite Boulder County-imposed caps on skier traffic and the lack of a condo-walled base village.
The summit of the area is at 10,600 feet (3,200 m) on Bryan Mountain, with a 1600-foot lift served vertical drop. The slopes face primarily north and east, and the main base area is at 9,200 feet (2,800 m).
Although Eldora is small compared to some of the bigger resorts in Colorado, the terrain variety is well known and challenging. There are beginner friendly trails located on Little Hawk Mountain, intermediate and advanced trails on Challenge Mountain through Indian Peaks, and expert terrain is found in Corona Bowl and the West Ridge trail which varies from 45 to 70% slope.

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