Aspen news: recession signals, ski-town revenue, rankings and how Aspen compares with Steamboat and other resorts.
I was recently at a major grocery store in Steamboat and toilet paper and water were both sold out; this is a bit perplexing as if there is no water, how are you going to flush the toilet? Did you know that Colorado has a metric to predict the next recession that is...
“Ghost Kitchens” are on the rise? What are they anyway (no they are not haunted kitchens)? What is causing this new phenomenon? How will this impact real estate? My first experience with a “ghost kitchen” was in Breckenridge Colorado about three years ago where I...
The 2018/19 season was Epic (or Ikonic depending on your pass preference) with every major resort posting record sales tax revenue, occupancy, and lodging rates. At the same time real estate continued to skyrocket in most mountain communities. With all this good...
We all know cash is king, but in real estate this is even more important. What can the amount of cash tell us about a particular Colorado ski resort market (I took the pic above between Vail and Steamboat)? How can we use this information to guide our...
I think most people would agree, the current real estate expansion is getting a little “long in the tooth” and is poised for a correction/change. Real estate, like a hot air balloon, can’t go up forever. At some point it needs a break to refuel. Colorado is not...
I had to send out a quick e-mail with this news. As I’ve written in the past the best real estate investments are associated with one of the two behemoths in the industry (Alterra or Vail). Today a big announcement that Vail resorts is buying 3 more resorts will be...
As the first Colorado resort is set to open today (Arapahoe Basin). Allot is happening in the industry that will impact real estate, visitation, etc… The last 12 months have been quite the roller coaster with consolidation galore and financial duress starting to...
As we all know the ski industry is highly cyclical in nature with the largest driver of profitably for the ski industry is you guessed it, the secret ingredient, snow! Long range predictions came out for Colorado and the “snow thief” will be lurking in certain...
If you missed the announcement Aspen Ski Corporation just bought the mountains at Steamboat Springs and Winter Park. This is a game changer in the Colorado Ski industry as Aspen bulks up to better compete against Vail resorts. What does this mean for real...
