Mount Snow to Conclude Longest Season in Over a Decade

WILDWOOD, Mo., April 11, 2018 (GLOBE NEWSWIRE) -- Peak Resorts, Inc. (NASDAQ:SKIS) (“Peak” or the “Company”), a leading owner and operator of high-quality, individually branded U.S. ski resorts, announced today that Mount Snow has set its official closing date for the 2017/18 season on Sunday, April 22, 2018, marking an end to the resort’s longest season in more than a decade totaling 162 days of continuous operation. Thanks in part to over 80 inches of snowfall received during what locals have deemed “Miracle March” as well as the most expansive snowmaking operations in the resort’s history, Mount Snow will enjoy ample snow coverage on the majority of its trails across three of its four mountain faces through closing.

The 2017/18 season began on a high note, with Mount Snow’s earliest opening in over a decade featuring the most open terrain in the East, a title the mountain held through the Thanksgiving holiday. The early opening was facilitated by the West Lake Water Project, a major snowmaking upgrade that debuted just in time for the start of the season. This critical infrastructure investment allowed Mount Snow to make snow and resurface trails during each of the six months the mountain was open between November and April.

“While the natural snowfall we received towards the end of the season was a great bonus, our new $30 million snowmaking system really proved itself to be invaluable this winter,” said Erik Barnes, Vice President and General Manager of Mount Snow. “No matter what Mother Nature’s plans were, our guests knew they could count on us to deliver the best possible skiing and riding conditions from opening day back in November through the end of the season in mid-April.”

Over in Carinthia Parks, the #1 park in the East as voted by both TransWorld Snowboarding and Newschoolers.com, the dedicated park team again led East Coast skiing and riding, both in the rate at which Carinthia opened as well as in the overall variety and number of features available to guests throughout the season. With the opening of the first two jumps in the East in November and the planned addition of new features right up to the final weekend of operations, Carinthia Parks once again set the standard all other mountains follow. As Mount Snow and Peak Resorts look ahead to next season, progress continues on the brand new $22 million, 42,000 square foot Carinthia Base Lodge, which is set to open ahead of the 2018/19 season and Carinthia Parks’ 10th Anniversary Celebration.

As word of the great conditions and overall guest experience spread among skiers and riders throughout the season, Mount Snow saw an influx of new guests visiting the mountain, both from sister resorts on the Peak Pass and from first time day-trippers. These new guests, along with our loyal returning guests, visited not only for our incredible conditions but also for events such as Reggaefest and the Minus Zero Festival, both of which drew thousands of non-skiing and riding attendees during Mount Snow’s Spring Festival Season.

Those looking to take advantage of the final days of the season can put $99 down on a 2018/19 Peak Pass and ski for free at Mount Snow through April 22, 2018 as well as at Wildcat Mountain in New Hampshire, which is planning on operating into May. Information on pass options and pricing is available at www.mountsnow.com/passes.

For updated information and snow conditions over the closing days of the incredible 2017/18 season, please visit www.mountsnow.com/snow-report.

About Mount Snow
Mount Snow is a premier four season resort located in the Green Mountains of Southern Vermont featuring four mountain faces of downhill skiing and snowboarding – including the East’s #1 Terrain Park, Carinthia – slopeside lodging and golf at the acclaimed Mount Snow Golf Club as well as flexible wedding and conference facilities. Other activities include snow tubing, ski lessons, snowboard lessons, downhill mountain biking and a full schedule of festivals and events. Mount Snow is a member of the Peak Resorts family. To learn more about Mount Snow visit mountsnow.com.

About Peak Resorts
Headquartered in Missouri, Peak Resorts is a leading owner and operator of high-quality, individually branded ski resorts in the U.S. The company operates 14 ski resorts primarily located in the Northeast and Midwest, 13 of which are company owned.

The majority of the resorts are located within 100 miles of major metropolitan markets, including New York City, Boston, Philadelphia, Cleveland and St. Louis, enabling day and overnight drive accessibility. The resorts under the company's umbrella offer a breadth of activities, services and amenities, including skiing, snowboarding, terrain parks, tubing, dining, lodging, equipment rentals and sales, ski and snowboard instruction and mountain biking and other summer activities. To learn more, visit the company’s website at www.peakresorts.com or follow Peak Resorts on Facebook for resort updates.

For further information, or to receive future Peak Resorts news announcements via e-mail, please contact JCIR, at 212-835-8500 or skis@jcir.com.

Contacts:
Media
Jamie Storrs
802-464-4203 or jstorrs@mountsnow.com

Investors
Norberto Aja, Jim Leahy, Joseph Jaffoni
JCIR
212-835-8500 or skis@jcir.com