Wednesday, March 01, 2006

Changes at Vail Resorts

There has been a lot of activity in the Vail Resorts corporate offices. Vail Resorts is the owner of the Breckenridge ski area. First, in January, Adam Aron, the chief executive officer and chairman of the board of directors of the company, announced his retirement. His replacement is company insider, Rob Katz was formerly a senior partner with Apollo Partners who took control of Vail in 1992.

One of Katz's first announcements was that Vail was going to relocate its corporate offices from Avon, near Vail, to Denver. According to an article in the Summit Daily News on March 1, 2006, Katz said that moving to Denver "will facilitate lower occupancy rates, provide greater administrative efficiencies, enhance recruiting opportunities and allow more centralized access to all of the company's properties. It also better positions the company for future strategic growth."

As a result of the move, some 100 current Vail employees have been asked to relocate to Denver. It is unsure how many of these employees will give up their lifestyles in Vail to make the move.