Shareholder Late Apex Partners said that Vail’s performance over the last five years has been unacceptable and called for major changes in the hospitality company.
Late Apex Partners lobbies for sweeping changes to Vail Resort’s strategy and leadership, including hiring of new CEO
Late Apex Partners, an investment firm with a stake in Vail Resorts, requested the replacement of the company's CEO, CFO, and Executive Chairperson.
It's an influential time for ski resort employees here in Colorado. It comes after a Park City Mountain Resort patroller strike in Utah earned them higher wages and benefits. That success in another state with the same parent company is now playing into local contract conversations with resorts owned by Vail Resorts.
Book Vail Resorts properties at up to 15% off, starting at $119 per night, with properties in Breckenridge, Beaver Creek and Crested Butte, Colorado; Whistler, British Columbia; Stowe, Vermont; and more.
In Breckenridge, about 79 miles west of Denver, employees are without heat and hot water in Vail Resorts-owned employee housing there, leading to many lift operators calling out sick and the Broomfield-based ski giant having to shuffle workers between its resorts in Summit and Eagle counties, Vail Resorts said.
Following a nearly two-week strike from the Park City Professional Ski Patrol Association, another worker strike could be coming down the hill for Vail Resorts.
Vail Resorts announced Thursday that they will be offering credits for guests who skied or snowboarded at Park City Mountain during the patrol strike.
Vail Resorts issued its annual early season update to investors on Thursday, reporting that season-to-date total skier visits through Jan. 5
Visitors were greeted with long lift lines and minimal open terrain at Park City ski resort when the ski patrol union went on strike. One dissatisfied guest has filed a class action lawsuit against parent company Vail Resorts,
The information, shared in a news release from Vail Resorts, comes only a few short days after the widely-publicized Park City Mountain patrol strike.
Vail Resorts says it will offer a discount on next year's pass to anyone who skied or snowboarded at Park City Mountain during the patrol strike between Dec. 27 and Jan. 8.