Eastern Canada’s ski season has officially come to a close. However, there is more reason than ever to keep an eye on the moguls. While activities on the slopes may have ceased, market activity is often at its peak during the off-season (pun intended). For example, in April 2017, Aspen Skiing Co purchased Intrawest – the company that owned the Blue Mountain and Mont Tremblant ski resorts – for $1.5 billion US. In August of the year prior, Vail Resorts similarly agreed to purchase Whistler Blackcomb for $1.4 billion. For buyers considering such an investment this off-season, the following considerations should be kept in mind: Climate-related risks: As discussed in a previous post, climate change is a reality we cannot ignore. Investors need to remain alive to the potential negative impact that climate change can have on the value of a business. A ski hill’s ability to adapt to a changing climate in the long-run will undoubtedly…
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