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May Owners Letter

Posted by carbonate on May 17, 2017

May 9, 2017

 

Dear Owner:

 

                The season ended with a very active weekend and great weather.  Since then, we’ve seen a lot of clouds and more snow.   Neighboring resorts that remained open had fairly good activity, but I think Copper made the right decision to close on Easter Sunday and head into summer projects. 

 

                The Mountain Coaster installation is moving forward with tree removal.  A fair amount of smoke has been observed resulting from burning of the slash and small trees that are being removed.  The weather has actually been ideal for this work.   The cable on the Kokomo lift was removed last week and timber removal for the relocated Kokomo Express is being cleared.  While the resort is quiet, there is actually a lot going on.  The Metropolitan District has started the water project in the east village, with

Golf Course Drive already being reduced to one lane and flagmen directing traffic.

 

                On the Carbonate front, we are starting deep cleans and annual linen (bedspreads and blankets)

projects.   Several owners have already initiated pillow replacement and upgrade projects of their units.

Now is a great time for this work.  The slow season goes by quickly.   We are already starting to see some significant demand for next ski season booking requests.

 

                The consolidation of ski resorts by Aspen Skiing Company and KSL Capital Partners, soon acquiring all of the Intrawest Resorts and Mammoth Mountain in California, marks the return of an oligopoly in the resort industry.   The closing of the transaction is scheduled later this year.  Vail Resorts control of their stable of resorts coupled with this new entity could trigger antitrust concerns.   Powdr Corporation, the owner of Copper and eight other resorts in six states has diversified a bit, by the acquisition of the Outside Television Network, Human Movement (event management) and the Woodward action sports training camps.  How it all unfolds will be interesting.   According to the Denver Post, nation-wide, there was a 3.7% increase in skier visits.  However, the Central Rocky Mountain Areas experienced approximately a 2% decrease.

 

                Real estate continues to be fairly active, although this time of year things definitely slow down.  There are some great offerings on the market at present.  If you are thinking about moving up we have some excellent properties that you will want to look at, including the brand new home in the Masters neighborhood.

 

 Everyone at Carbonate thanks you for your business partnership and looks forward to a busy summer of activities.

 

Sincerely,

Tom Malmgren
President

Realtor Tom Malmgren of Carbonate Real Estate - Copper Mountain Colorado
By
Tom Malmgren
Carbonate Real Estate
Owner/Realtor
Copper MountainColorado

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