What smart money is saying about Vail Resorts, Inc.
2 funds in our archive have pitched Vail Resorts, Inc. — most recently Warden Capital in December 2025.
Vail Resorts, Inc., through its subsidiaries, operates mountain resorts and urban ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 37 destination mountain resorts and regional ski areas. This segment is also involved in the ancillary activities, including ski school, dining, and retail/rental operations, as well as real estate brokerage activities. The Lodging segment owns and/or manages various luxury hotels and condominiums, and other lodging properties under the RockResorts brand; various condominiums located in proximity to the company's mountain resorts; destination resorts; and golf courses, as well as offers resort ground transportation services. This segment operates owned and managed hotel and condominium units. The Real Estate segment owns, develops, and sells real estate properties. The company was incorporated in 1997 and is based in Broomfield, Colorado.
Fund coverage · 2 theses
- Warden CapitalDecember 2025
Vail Resorts, Inc. owns irreplaceable ski assets with limited new competition, trades cheaply versus replacement cost, and has manageable snowfall risk smoothed by Epic Pass revenues.
Read the full thesis - Baron Focused Growth FundJune 2025
Vail is well-positioned for long-term growth with strong financial visibility, effective operational planning, and a focus on enhancing guest experience, supported by a strategic cost-cutting plan and a solid balance sheet.
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