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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: Ditchdigger who wrote (28004)	10/8/2017 6:21:50 PM
From: E_K_S	Respond to of 34328

That's good info and a start. Here in Lake Tahoe several of the ski resorts have been merged w/ either a large operator and/or bought by large investment groups. Development is where the money is made once they have a resort in place w/ ski runs, lodge, roads/parking. You are correct as everything is according to a Master Plan similar to what is done in city/county zoning/planning and takes lots of time. The other component is identifying the developer and/or investor that has had previous experience doing the initial build out. I suspect the investment group has previous experience working w/ one or more of the developers (usually will need connections w/ local planning agency too). Many times the same group that filed the general plan has ties to some development group and I would look for names there. In real estate, especially long term development projects like this, you want to tie the properties up w/ ownership contingencies (like leaseback agreements) that allows you to control the parcels w/o a specific time period to develop. These are typically held in a Limited Liability (development) Company where the majority ownership is by one or more of your investors/insiders. It's possible that SKIS leaseback agreements may also be under the same LLC. You just have to follow the money and it will lead you to who owns the property development interests. That may be separate from what SKIS owns (or maybe they have some interest . .I do not know). The developers (and investors) are not generally the operators, their deals are usually separate as once parcels are developed they are sold & taxed as individual parcels not tied to the ski operations (only by name sometimes). From what I have observed, the ski operations and adjacent lands are leased (usually 99 year leases) w/ specific terms on their development (could be what was proposed in the Master Plan). Then a large developer may come in and buy the adjacent parcels (and amend the Master Plan) to include the next phase(s) of the development. You need to see who is/was buying/owner of these adjacent lands/parcels. What is the LLC name and is it one of those that SKIS and/or their insiders controls. Here is what has happened to the resorts near me in Lake Tahoe. Heavenly Mountain Resort Since 2002, Heavenly has been owned by Vail Resorts, which also operates Northstar California and Kirkwood Mountain Resort at Lake Tahoe and seven other ski resorts in Colorado, Utah, Minnesota, Michigan, and Wisconsin ( Vail, Breckenridge, Keystone, Beaver Creek, Park City Resort (Canyons), Afton Alps, Mt. Brighton, and Wilmot Mountain). Squaw Valley Ski Resort Squaw Valley was purchased by KSL Capital Partners in November 2010. [21] A year later, Squaw Valley and Alpine Meadows Ski Resort merged under the new umbrella leadership of Squaw Valley Ski Holdings, LLC. The new company operates as one, with joint lift tickets and single season passes for visitors and free shuttles between its locations, but preserves the individuality of the two resorts. [22] FWIW, Squaw Valley has had a huge build out of cabins, condos golf courses much would not have existed if not for the original ski site /lodge development. SKIS is an interesting emerging business w/ tons of potential for those involved in the development/ownership of the adjacent parcels/land to their ski operations. SKIS may or may not have interests in those projects but if the investors were smart, they would have some control/ownership annuity (held in a development LLC). This is what may/could be spun out in the future and create a windfall for the investors. EKS