Accommodation Station sold to Vail Resorts
Publisher’s note: Greta and Mike Hambsch are selling the 34-year-old property management firm, which is the third largest in the South Lake Tahoe area.
By Denver Business Journal
Vail Resorts Inc. is getting into the lodging business in South Lake Tahoe.
The Broomfield-based company (NYSE: MTN), which owns four Colorado ski resorts and the Heavenly Mountain Resort in South Lake Tahoe announced Tuesday that it has acquired Accommodation Station, the third-largest property management company in the South Lake Tahoe market. Privately owned Accommodation Station manages condominiums, mountain chalets, cabins and luxury homes for short- and long-term rentals.
Vail Resorts owns or manages slopeside lodging already around its Colorado resorts — Vail, Breckenridge, Keystone and Beaver Creek — and in Jackson Hole, Wyo. But this is the company’s first lodging collection in South Lake Tahoe.
ALL THIS MEANS IS lodging prices will be going up,the rest those in neighborhood motels mangers will follow.$$$$
STAY INFORMED ON THE STOCK EXCHANGE UNDER
“mtn”
One week they are losing millions, the next they are rolling in doe.
WHAT THE CROOKS ON WALL STREET WON’T DO TO KEEP YOU BUYING TRASH.