SnoNews

Skiers and riders at Ohio’s Brandywine Resort have all the services they need. But, they have to access them scattered about in three buildings. No more. 

UPDATE (Dec. 8, 2011): According to the St. Louis Business Journal, PEAK Resorts has postponed its IPO due to unfavorable market conditions.

SnoNews (Dec. 7, 2011) PEAK Resorts, a company built on a spread of 12 day ski resorts (as opposed to “fly-to,” real estate heavy destinations), has scheduled an $85 million IPO Thursday, Dec. 8, 2011 with a market capitalization of $153 million at a price range mid-point of $17.

The PEAK Resort group is led by CEO Tim Boyd and is based in Wildwood, Mo., where it owns Hidden Valley Resort. Peak purchased the assets of historic Wildcat Mountain Ski Area in northern N.H. this fall.

Most of the funding ($79 million) from the IPO is set to pay off debt for its Mount Snow resort in Dover, Vt. ($33.7 million) and Attitash ski area in Bartlett, N.H. ($12.5 million); purchase the land ($9 million) underlying its Jack Frost and Big Boulder ski areas in the Poconos; and funding remaining costs ($6.5 million) in connection with the purchase and construction of a new chair at Mount Snow.