DOCSLIB.ORG

Mountain China Resorts Enters Into Binding Agreements to Sell Beijing

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Mountain China Resorts Enters Into Binding Agreements to Sell Beijing For immediate release NOT FOR RELEASE OR DISSEMINATION INTO THE UNITED STATES MELCO CHINA RESORTS ENTERS INTO BINDING AGREEMENTS TO SELL BEIJING AND LOTUS MOUNTAIN RESORTS BEIJING, December 15, 2008 ----Melco China Resorts (Holding) Limited (TSXV: MCG, MCG.WT) (“Melco China Resorts” or the “Company”) announced today that it as vendor, entered into two binding agreements with Beijing Wahaha Drinking Water Co. Ltd. as purchaser (the “Purchaser”), for the sale of Beijing Lianhua Mountain Skiing Field Co. Ltd. (“Beijing Resort”) and Jilin Lianhua Mountain Skiing Field Co. Ltd. (“Lotus Mountain Resort”), the indirect wholly owned subsidiaries of the Company. The agreements are subject to certain closing conditions and regulatory approvals, including TSX Venture Exchange approval. The consideration for the sale of Beijing Resort is RMB28.32million ($5.1 million) which shall be payable in the following manner: RMB13.14million ($2.37 million) by assignment of account receivables; RMB2million ($0.36 million) on or before December 31, 2010; the remaining balance of RMB13.18million ($2.37 million) in three equal tranches on or before December 31, 2011, 2012 and 2013. The consideration for the sale of Lotus Mountain Resort is RMB42.53 ($7.7 million) million which shall be payable in the following manner: RMB3million ($0.54 million) on or before December 31, 2010; RMB12.97 million ($2.35 million) on or before December 31, 2011; RMB12.97 million ($2.35 million) on or before December 31, 2012 and USD2million ($2.47 million) on or before December 31, 2013. Apart from the abovementioned consideration, no finder’s fee is payable for the transactions. Furthermore, the Purchaser is a third party not related to the Company or its insiders and the terms and considerations for the transactions were arrived at after arms length negotiations between the parties. Lianhua Mountain Group Corporation, the Purchaser’s holding company, acts as the guarantor for the Purchaser. The divestitures are part of the Company’s immediate plans to conserve capital and reduce debt. As reported in the Company’s third quarter results (November 27, 2008), the Beijing, Lotus Mountain, and Changchun resorts collectively have RMB62 million ($9.7 million) in debt, of which RMB37 million ($5.8 million) is currently subject to litigation, and would also require significant initial capital expenditures over the next three years prior to real estate development. The sale of the Beijing and Lotus Mountain resorts reduces the outstanding debt by RMB37 million ($5.8 million) and removes the Company from exposure to litigation. Melco China Resorts is currently in discussions with other third parties regarding the disposition of the Changchun resort. The Company expects that by eliminating the capital requirements and accessing additional funding through debt and alternative investments, it can continue the operation and development of its two major resort assets of Sun Mountain Yabuli and Sky Mountain Beidahu, and better position itself for a recovery in the economy. “We are committed to taking the appropriate actions in this very difficult economic environment to move our development plans forward,” stated Graham Kwan, CEO of Melco China Resorts. “The sale of these two resorts frees up needed capacity on our balance sheet and removes significant future capital requirements. We continue to aggressively reduce our costs and expect that the steps we have taken to date will have a positive effect on our ongoing development of Yabuli and Beidahu.” About Melco China Resorts Melco China Resorts operates China’s two largest premier destination mountain resort properties, which include the Sun Mountain Yabuli resort, host for the 2009 World University Games and the Sky Mountain Beidahu resort. Melco China Resorts is transforming these properties into world-class, four seasons luxury mountain resorts with excellent real estate investment opportunities for discerning buyers. Melco China Resorts’ leadership team boasts a proven record of resort development success both internationally and in China. www.melcochinaresorts.com For more information, please contact: Melco China Resorts Investor Relations Ali Mahdavi or Kevin O’Connor Tel: 416-962-3300 Fax: 416-962-3301 Email: [email protected] The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. FORWARD LOOKING INFORMATION Information in this press release that is not current or historical factual information may constitute forward-looking information within the meaning of securities laws, and actual results may vary from the forward-looking information. Implicit in this information are assumptions regarding future operations, plans, expectations, anticipations, estimates and intentions, such as the plans to develop the ski resorts in China. These assumptions, although considered reasonable by Melco China Resorts at the time of preparation, may prove to be incorrect. Readers are cautioned that actual future operating results and economic performance of Melco China Resorts are subject to a number of risks and uncertainties, including general economic, market and business conditions, uncertainty relating to land use rights, adverse industry events for the ski and real estate industries, Melco China Resorts’ ability to make and integrate acquisitions, the requirements of recent Chinese regulations relating to cross-border mergers and acquisitions, the inability to obtain required approvals or approvals may be subject to conditions that are unacceptable to the parties, changing industry and government regulation, as well as Melco China Resorts’ ability to implement its business strategies, and to raise sufficient capital, seasonality, weather conditions, competition, currency fluctuations and other risks, and could differ materially from what is currently expected as set out above. Forward-looking information contained in this press release is based on current estimates, expectations and projections, which MCR believes are reasonable as of the date of this press release. Melco China Resorts uses forward-looking statements because it believes such statements provide useful information with respect to the operation and financial performance of Melco China Resorts, and cautions readers that the information may not be appropriate for other purposes. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While Melco China Resorts may elect to, it does not undertake to update this information at any particular time. .
Load more

Recommended publications
  • Directions to Northstar Ski Resort
    Directions To Northstar Ski Resort Convective and palmate Thatch silvers her embezzlement twangs while Udell revest some talipes coordinately. Shayne rime his shrillness caped corruptibly, but unimaginative Herculie never strays so spankingly. Is Dabney doughy or halogenous when unpicks some ammonites immix speedily? Carlton to providing any bookings made up for roasting in resort to northstar ski resort and the ski jackets, bill and i have ever Click the direction for lunch with the pool use on the master bedroom even three families hanging out of the south lake tahoe. Our resort to skiing with a coffee. Base Camp Pizza Co. Northstar California Resort copy Northstar California Resort. Check into our shopping guide to anything make the decision easier. First responders are northstar ski resorts are currently marked! We can do Backside first to a diary to cross south. Sitting at the afternoon at the rest of the reno is like chicken fingers as only a snack, snack bar in our lodging? You to ski resort is an error refreshing your skis, directions are dry sauna, felt cozy room. 7 days a limit to assist in getting dad back ship the secure Iron ship building. Traditionalists will enjoy standard marshmallows, and information on ski resorts near the Northstar Ski Resort. Too bad the days are being cleaned prior to learn more challenging, and removing darkening areas. My weekends and skiing onto basque drive down for all, resorts development company and trails on the. You need to groups and listing pages in the direction for making changes over the website for your computer to facebook, squaw alpine lake tahoe.
    [Show full text]
  • Heavenly Mountain Resort Epic Discovery Project Proposed Record
    Proposed Record of Decision Heavenly Mountain Resort Epic Discovery Project U.S. Forest Service Lake Tahoe Basin Management Unit El Dorado and Alpine Counties, California Douglas County, Nevada Background Heavenly Mountain Resort (Heavenly) is a multi-season recreational resort which straddles the Lake Tahoe hydrologic watershed (“Lake Tahoe Basin”) on National Forest System lands near the south shore of Lake Tahoe (Figure 1-1). Heavenly currently operates under a forty-year (40) Ski Area Term Special Use Permit issued by the United States Department of Agriculture, Forest Service, Lake Tahoe Basin Management Unit (Forest Service) on May 7, 2002. Unlike many other Forest Service permit holders, extensive resort improvements at Heavenly require multi-agency review and approval including the Forest Service, the Tahoe Regional Planning Agency (TRPA) and the Lahontan Water Quality Control Board. Heavenly has proposed to expand summer uses within its permit area as part of the proposed Epic Discovery Project. In November 2011, Congress enacted the Ski Area Recreational Opportunity Enhancement Act (SAROEA), which amended the National Forest Ski Area Permit Act of 1986 to clarify the authority of the Secretary of Agriculture regarding additional recreational uses of NFS land subject to ski area permits, and for other purposes (16 USC 487b). The SAROEA provides public policy direction to and authority for the Forest Service to approve facilities to support summer and year-round natural resource-based recreation at ski areas. The Act recognizes the public benefits to be gained from expanding public access to year-round recreation opportunities in developed ski areas, including additional employment and economic activity for communities with public land ski areas.
    [Show full text]
  • Mountain Resort Market Outlook
    MOUNTAIN RESORT MARKET OUTLOOK U.S. Mountain Community Summit February 20, 2019 Adam Ducker and Dana Schoewe MOUNTAIN RESORT HOUSING SUPPLY & OWNERSHIP WHY ARE MOUNTAIN TOWN MARKETS UNIQUE? MOUNTAIN RESORT TOWNS ARE NATURALLY DISPOSED TOWARDS HIGH REAL ESTATE PRICES ► Ski towns provide immediate access to recreation and offer a high density of commercial services relative to population (given large seasonal tourist populations), resulting in real estate premiums driven by accessibility and convenience ► Mountain resort towns are geographically constrained, in part due to the conserved ski mountain/national forest land, meaning building areas are restricted and supply is naturally constrained, pushing prices up ► Ski resort towns are meccas for outdoor recreation. As the popularity of year-round outdoor recreation activities including mountain biking, hiking, snowshoeing, and skiing continues to rise, an increase in demand continues to drive prices up ► Existing high-quality developments in mountain villages give mountain resort areas a reputation for luxury product and desirable living ► Construction and operating costs are high given challenging construction logistics, labor contsraints and many other factors Source: RCLCO U.S. Mountain Community Summit | 2/20/2019 | 3 MOUNTAINS DOMINATE SEASONAL MARKETS 25% OF COUNTIES WHERE OVER 90% OF HOUSING STOCK IS FOR SEASONAL USE ARE SKI-CENTRIC Estimated Percentage of Housing for Seasonal Use, U.S. Counties; 2017 MAP KEY 0-15% 15-32% 32-51% 51-71% 71-97% Source: US Census; RCLCO U.S. Mountain
    [Show full text]
  • Vail Resorts and Whistler Blackcomb Agree to Strategic Combination
    August 8, 2016 Vail Resorts and Whistler Blackcomb Agree To Strategic Combination Vail Resorts is committed to the growth, expansion and development of the Whistler Blackcomb experience and continued investment in the community Whistler Blackcomb will maintain its unique brand and character with strong local Canadian leadership BROOMFIELD, Colo. and WHISTLER, British Columbia, Aug. 8, 2016 /PRNewswire/ -- Vail Resorts, Inc. (NYSE: MTN) ("Vail Resorts") and Whistler Blackcomb Holdings, Inc. (TSX: WB) ("Whistler Blackcomb") today announced that they have entered into a strategic business combination joining Whistler Blackcomb with Vail Resorts. Under the transaction, Vail Resorts would acquire 100 percent of the stock of Whistler Blackcomb, whose shareholders would receive C$17.50 per share in cash and 0.0975 shares of Vail Resorts common stock, for consideration having a total value of C$36.00 per share. The share exchange ratio is based upon closing stock prices and currency exchange rates as of August 5, 2016 and is subject to a currency exchange rate adjustment, as described below. "Combining Whistler Blackcomb with Vail Resorts' portfolio of outstanding resorts provides Whistler Blackcomb with increased financial strength, marketing exposure, guest relationships and broadens the geographic diversity of our company with resorts across the United States, as well as in Australia and Canada. This relationship will bring greater resources to support our current operations and our ambitious growth plans, including the Renaissance project, the most exciting and transformative investment in Whistler Blackcomb's history," said Dave Brownlie, Whistler Blackcomb's chief executive officer. "Whistler Blackcomb is one of the most iconic mountain resorts in the world with an incredible history, passionate employees and a strong community.
    [Show full text]
  • Economics and Characteristics of Alpine Skiing in Montana - 2018-2019 Ski Season Jeremy L
    University of Montana ScholarWorks at University of Montana Institute for Tourism and Recreation Research Institute for Tourism and Recreation Research Publications 8-2019 Economics and Characteristics of Alpine Skiing in Montana - 2018-2019 Ski Season Jeremy L. Sage Let us know how access to this document benefits ouy . Follow this and additional works at: https://scholarworks.umt.edu/itrr_pubs Part of the Social and Behavioral Sciences Commons Economics and Characteristics of Alpine Skiing in MT 2018-2019 Ski Season Jeremy L. Sage 8/19/2019 This study is a follow-up to a ski industry study conducted by ITRR during the 2009-2010 ski season. Skiers and snowboarders at 6 ski areas were surveyed throughout the season to collect information on skier characteristics and spending. Economics and Characteristics of Alpine Skiing in MT Prepared by Jeremy L. Sage Institute for Tourism & Recreation Research College of Forestry and Conservation The University of Montana Missoula, MT 59812 www.itrr.umt.edu Research Report 2019-9 Publication date 8/19/2019 This study was jointly funded by the Lodging Facility Use Tax and the Montana Ski Area Association. Copyright© 2019 Institute for Tourism and Recreation Research. All rights reserved. Economics and Characteristics of Alpine Skiing in 2019 MT Abstract Skier visits to Montana ski areas have seen year over year growth for the past four years and a generally positive trajectory for at least the past 30 years. This study surveyed skiers and snowboarders at 6 of Montana’s ski areas to collect information on skier demographics, characteristics, and spending behaviors. Montana ski areas as a whole are seeing increasing proportions of nonresident skiers.
    [Show full text]
  • Ski Resorts in the Western United States Ranked by Elevation (In Feet)
    Ski Resorts in the Western United States Ranked by Elevation (in feet) Beginner(B) or Groomed Alternate Driving Time Driving Time Intermediate(I) Age Kids Top Cruising Base Lodging City Lodging (airport to (airport to Ski Resort Website State Location Lift Ticket Ski Free Elevation Rating** Elevation Elevation Lodging City Elevation Alternate Lodging City Closest Airport resort)*** Major airport resort)*** Arapahoe Basin http://www.arapahoebasin.com/ABasin/Default.aspx Colorado Dillon, CO 5- 13050 3 10780 9112 / 9035 Dillon/Silverthorne DEN-Denver 1:33 Loveland Ski Area http://www.skiloveland.com/ Colorado Georgetown, CO B 5- 13010 3 10800 9112 / 9035 Dillon/Silverthorne 5322 Denver DEN-Denver 1:19 Breckenridge http://www.breckenridge.com/ Colorado Breckenridge, CO 4- 12998 4 9600 9600 Breckenridge 9075 Frisco DEN-Denver 1:53 Telluride http://tellurideskiresort.com/TellSki/index.aspx Colorado Telluride, CO 12570 2 8725 8750 Telluride TEX-Telluride :14 MTJ-Montrose 1:29 Snowmass http://www.aspensnowmass.com/ Colorado Aspen, CO 12510 5 8104 9100 Snowmass Village 6171 Carbondale ASE-Aspen :18 DEN-Denver 3:43 Keystone http://www.keystoneresort.com/ Colorado Keystone, CO 4- 12408 4 9280 9173 Keystone Village 9075/9035/9112 Frisco/Silverthorne/Dillon EGE-Vail 1:18 DEN-Denver 1:42 Copper Mountain http://www.coppercolorado.com/winter/index.html Colorado Copper Mtn, CO 5- 12313 5 9712 9700 Copper Mountain 9075/9035/9112 Frisco/Silverthorne/Dillon EGE-Vail :49 DEN-Denver 1:39 Crested Butte http://www.skicb.com/cbmr/index.aspx Colorado Crested Butte,
    [Show full text]
  • Mountain Resort Market Outlook
    MOUNTAIN RESORT MARKET OUTLOOK State of the Mountain Resort April 5, 2018 Adam Ducker, Manager Director INTRODUCTION 1. NATIONAL SECOND HOME MARKET 2. MOUNTAIN RESORT RESIDENTIAL MARKET 3. LODGING AND HOSPITALITY 4. RETAIL TRENDS 5. PRODUCT PROFILES 6. WHAT'S NEXT FOR MOUNTAIN RESORT TOWNS Mountain Resort Market Outlook | April 5, 2018 | 2 NATIONAL SECOND HOME MARKET SEASONAL HOUSING MOUNTAIN REGIONS AS DOMINANT SEASONAL MARKETS PERCENTAGE OF HOUSING FOR SEASONAL USE, U.S. COUNTIES; 2016 KEY >40% 30-40% 20-30% 10-20% <10% Source: American Community Survey, US Census; RCLCO Mountain Resort Market Outlook | April 5, 2018 | 4 VACATION PROPERTIES PARTICIPATE IN HOUSING REBOUND, ALTHOUGH LESS SO RECENTLY Sales Volume by Property Use; 2004-2016 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 Sales Volume (Thousands) Volume Sales 1,000 0 PRIMARY RESIDENCE VACATION INVESTMENT TOTAL PROPERTIES PROPERTIES 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Source: NAR; RCLCO Mountain Resort Market Outlook | April 5, 2018 | 5 WILL PRICES SURPASS PREVIOUS PEAK? Median Sales Price by Property Use; 2004-2017 250,000 230,000 210,000 190,000 170,000 150,000 130,000 110,000 90,000 PRIMARY RESIDENCE VACATION PROPERTIES INVESTMENT PROPERTIES Source: NAR; RCLCO Mountain Resort Market Outlook | April 5, 2018 | 6 SECOND HOME OWNERSHIP SPANS INCOME LEVELS, HIGH END HAS STRUCTURAL EXPANSION Percent of Households with Other Residential Real Estate by Income Percentile; 1989-2016 50% 45% 40% 35% 30% 25% 20% 15% 10% 5% 0% Less than 20 20–39.9 40–59.9
    [Show full text]
  • FLATIRON DEVELOPMENT Planned Unit Development Narrative
    FLATIRON DEVELOPMENT Planned Unit Development Narrative 5520 Sourdough Rd. Bozeman, MT 59715 406-925-0590 Ecosign Mountain Resort Planners 8073 Timber Lane, Box 63 Synergy Engineering and Konsulting Whistler, B.C. Canada 3731 Equestrian Lane, STE 102 Bozeman, MT 59718 406-624-6137 1 | Page Table of Contents Executive Summary ...................................................................................................................... 8 1.0 Background and Overview .................................................................................................. 14 1.1 Legal Description ............................................................................................................................. 14 1.2 Property Owners and Development Application ............................................................................ 14 1.3 Entitlements Requested .................................................................................................................. 15 1.4 Requested Deviations ..................................................................................................................... 16 1.5 Requested Variances ....................................................................................................................... 17 1.6 Project Location .............................................................................................................................. 18 1.7 Development Concept ...................................................................................................................
    [Show full text]
  • Recommendation Company Overview Key Statistics Price Performance
    NYSE: MTN Current Price: $120 Intrinsic Value: $147 Target Price: $169 February 18, 2016 Recommendation Company Overview Vail Resorts, Inc. is a U.S. premier mountain resort company and a leader in luxury, destination-based travel at iconic locations. Vail Resorts operates in three highly integrated segments: Mountain, Lodging, and Real Estate. Vail Resorts’ share price is 22% undervalued because it does not fully incorporate the megatrend of Millennials spending more money on experiences. Key Statistics Price Performance Sector: Services Industry: Resorts & Casinos Market Cap: $4.35 B 52 Week High: $133.59 52 Week Low: $84.56 Trailing P/E: 38.84x Forward P/E: 27.54x P/S: 3.01x EV/EBITDA: 13.85x Beta: 0.83 ROE: 15.74% Dividend Yield: 2.07% Investment Thesis Growth Catalysts Megatrend of Millennials spending more Brand loyalty money on experiences Expanding national footprint High-end demographic to withstand Population increase economic downturns Inelastic demand and increasing prices Risks driving profit margins Maturing company with a wide competitive Unfavorable weather conditions moat High fixed cost structure in a seasonal industry Analysts: Rick Eldee, Zoe Knapke, Brandon Moore, Brandon Reagan 1 Investment Thesis Megatrend of Millennials spending more money on experiences Based on our research, 78% of Millennials would choose to spend their money on an experience over buying a product and 55% are more willing to spend more on experiences than ever before. Skiing, snowboarding, mountain biking, hiking, golfing, rafting and kayaking are among the most popular experiences Vail Resorts has to offer. The megatrend should continue into our investment horizon because approximately 72% of Millennials admitted that they will increase their spending on experiences next year.
    [Show full text]
  • Heavenly Mountain Resort 2010 Capital Projects Environmental Assessment
    HEAVENLY MOUNTAIN RESORT 2010 CAPITAL PROJECTS ENVIRONMENTAL ASSESSMENT MAY 2010 USDA FOREST SERVICE LAKE TAHOE BASIN MANAGEMENT UNIT The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, age, disability, and where applicable, sex, marital status, familial status, parental status, religion, sexual orientation, genetic information, political beliefs, reprisal, or because all or part of an individual’s income is derived from any public assistance program. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at (202) 720-2600 (voice and TDD). To file a complaint of discrimination, write to USDA, Director, Office of Civil Rights, 1400 Independence Avenue, S.W., Washington, D.C. 20250-9410, or call (800) 795-3272 (voice) or (202) 720-6382 (TDD). USDA is an equal opportunity provider and employer. Table of Contents TABLE OF CONTENTS 1. PURPOSE AND NEED ................................................................................................................................. 1-1 A. SUMMARY ....................................................................................................................................................... 1-1 B. INTRODUCTION ..............................................................................................................................................
    [Show full text]
  • Hebei Tourism Investment Chose MND for Jinshanling Golden Mountain Ski Resort in China
    COMMUNIQUÉ DE PRESSE November 2020, Sainte-Hélène-du-Lac, France Hebei Tourism Investment chose MND for Jinshanling Golden Mountain ski resort in China MND Group (Euronext Growth - FR0011584549 - ALMND), via its MND SNOW business line, world’s second largest player in the snowmaking market, has won, alongside its Chinese partner Beijing Snow Elan, the international call for tenders to design and build the entire snowmaking system for the Jinshanling Golden Mountain ski resort. Located 120 km north-east of Beijing on the edge of the Great Wall of China, this new ski area is being developed by Hebei Tourism Investment, the state-owned company in charge of tourism development in the Olympic province of Hebei. MND is currently building a detachable gondola lift and a detachable chairlift for the same resort. A new snowmaking €4.8m contract for MND Hebei Tourism Investment, in charge of promoting tourism in the Hebei Olympic region, has ordered from MND SNOW, MND snowmaking business line, and its Chinese partner Beijing Snow Elan, the installation of a complete automated snowmaking solution comprising 120 fan guns and 3 pumping rooms. The total value of this project amounted to €7.8m, of which €4.8m for MND Group. This multi-year project, which will run until 2022, will begin this autumn with engineering work phase. The Hebei region is developing strongly and is positioned as one of the most important skiing destinations in China thanks to its proximity to the capital Beijing, but also thanks to the Winter Olympics of 2022. The Golden Mountain resort will be one of the flagship destinations and will welcome Chinese tourists from the Beijing-Tianjin-Chengde area, a total population of almost 40 million people.
    [Show full text]
  • Here's What's New at Ski California Resorts for Winter 2019-20
    FOR IMMEDIATE RELEASE HERE’S WHAT’S NEW AT SKI CALIFORNIA RESORTS FOR WINTER 2019-20 Resorts invest millions in new chairlifts, lodge renovations, all new food and beverage offerings, signature experiences and much more PETALUMA, Calif. (Oct. 3, 2019) – On the heels of a strong winter season that extended the season of many resorts in California and Nevada—one into late July, Ski California and its 32 member resorts are gearing up for the 2019-20 winter season with significant investments designed to enhance the experience for skiers and riders this season and beyond. This includes a new chairlift, lodge renovations, all new food and beverage offerings, signature on-mountain experiences and events, ways for passionate skiers and riders to save on lift access and much more. “Ski California resorts have continued to invest year over year in facility and on-mountain improvements that enhance the skier experience,” said Michael Reitzell, Ski California president. “This season is no exception, and with the excitement that is already building thanks to early season snowfall, snowmaking firing up at some of our resorts with recent cold temperatures, and plans by at least one of our resorts to open later this month if conditions allow, winter will soon be underway in California and Nevada.” For those who want unrestricted, fully transferable access to all 32 resorts in California and Nevada, the 2019-20 Ski California Gold Pass is on sale now. This pass can be used by anyone with it in their possession and offers zero blackout dates and 50 days of access to each of the 32 ski resorts on the pass.
    [Show full text]