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Discussion in 'New Zealand' started by craighelo, Jun 19, 2019.
Does anyone know if yesterdays rumour is true?
The two companies (Treble Cone and Cardrona) have signed a heads of agreement and Cardrona will carry out due diligence before putting an offer to Treble Cone shareholders at a special meeting.
If approved, Treble Cone would be owned and managed by the Cardrona Resort - which along with Real Journeys is part of the newly-formed holding company Wayfare Group.
A spokeswoman for the group confirmed last night a conditional agreement was in place.
A scenic mountain railway up the Motatapu Valley connecting Soho through to Treblecone would be the bomb
I'm sure there's geophys issues and the chances of resource consent would be zero but you can dream
Now that would be a Real NZ Journey!!!
That Treble Cone Gondola may eventually get built after all?
Would be a good thing for one and all I think.
This mornings news
Very interesting to see the contrasting valuations of Treble Cone compared to Hotham / Falls Creek.
The offer of 20 years of combined season passes for the shareholders is also intriguing. I'm almost inclined to estimate a net present value on this, but I would cap it at around $1m on top of the cash swap based on 49 shareholders.
The only way is up for customers of TC. Maybe we will see someone start to GAF at TC. Well...the staff on mountain are ALWAYS good. But other than that......
Their strategy has been to not gaf, the shareholders have been happy to maintain TC as basically an expensive club field for their own enjoyment. Guess they realised that's not viable long term.
That said, there will be people in Wanaka who are unhappy about a "Queenstown" company embedding themselves further north of the Crown Range.
It'll be interesting to see how their due diligence goes...
I met a few locals who didnt even want to fork out for a season ticket recently. Seemed no one was being made happy
Also just announced their delaying opening. glad i didnt drop 2k on a season pass for that place. My $700 dollar ones been working great for the last 3 weeks!
yeah.....I spotted that as well. Grim....
If you are paying top dollar you expect top dollar facilities and their snowmaking system just cant cut it. Long range forecast doesnt bode well either.
Its like 150 for a day pass now?
I thought they did raise it, but only to 135?
I thought it was expensive then... but 150???
They have to have someone there to carry me up the summit for that price
Sure has helped with the lift queues though
Will def be heading there in a couple of weeks then
Probably wont last for long though. Skiing is a bums on seats kind of business. All those ski4free's come at a cost...
motivating people to buy season pass
many of us on this forum have been doing that for ages anyway
Doesn't that still cost an arm?
Not suitable for tourists unless you have a super long trip
Their season pass pricing is ridiculous.
From the "prestige" business model explained at the public meeting my understanding was it would keep getting more expensive. Hence my hope the Real Journeys deal goes through and also the hope of a joint pass as my daughters school skiing is at Cardrona.
"Prestige" is heli skiing out of Whare Kea, or the Hermitage. Not being fleeced 150 bones to ski TC.
Have you read "Snow Business" by Ralph Markby? Great read, I reckon the absolute legends that set TC up back in the day (who also played a big role in the wider history of skiing in Otago) would be distraught at the state of things.
Yep I was at a complete loss to what prestige they were selling when most of there facilities etc are well below par of other fields. Got very close to putting up with the extra drive and getting the NZSKI pass again but doing the Level 2 instructors course with Rookies in a couple of weeks.
My father knows one of the directors
"best skiing in southern hemisphere"
I was amused
It can be great yeah, sometimes
I've got more than a handful of wanaka based mates who go over to nzski now. I don't know anyone that has a TC pass this year.
Tc has the best terrain in Nz when it’s open the problem is the resort isn’t run in a way to leave people going wow.
If you’re paying a premium you expect a premium service you don’t expect delayed openings or Heli bombing to start after lunch.
The best thing that can happen is real journeys but it figure out a business plan that works which I’m sure they can do. Tc has the worst Learners area but a learner normally rents gear, gets a lesson, buys food where by the hard core free rider will have a season pass, eat noddles or some other shit they took up to avoid spending money.
Just need to be careful Tc doesn’t end up like a few of the other resorts that have closed up shop. Hell even the chubbies were struggling -5 years ago but they all seem to be vibrant and lively again.
Last time I was there they served me burnt raisin toast.................b@rstads.
Deserve that for ordering raisin toast...
Latest information and some views about the merger.
Latest update from Cardrona. Pringles to be completed next year, Soho going ahead 2022.
"What is our vision for TC if the acquisition goes ahead?
We acknowledge and respect the passionate and loyal community of TC Skiers. That means no sweeping changes are intended. Our immediate intention is to improve the reliability of TC by investing in the snowmaking capability and stabilising the power supply. We want to ensure that TC will be able to open for the July school holidays, a date that's vital for the long-term viability of the business.
We know there's been a lot of talk about lift passes, and we're going to explore the opportunities of an integrated dual mountain pass, but no such pass currently exists and any dual passes would be dependent on the purchase of TC.
We are excited to work with the existing team at Treble Cone to provide a flexible offering to our community; locals and visitors, which reflects the heritage and uniqueness of each mountain."
Was disappointed to see they are not looking at a joint pass.
I read it more that they weren't going to implement one immediately, not that they had ruled it out altogether.
'an integrated dual mountain pass' - isn't that a joint pass? Otherwise we'll have to wait around for the referendum in 2020 and then pass the joint around?
Shareholders vote to sell
Sales another step closer last week.
will be interesting what real journeys do my guess is not much for the first couple of seasons other than fix operational issues. Longer term plan might include opening up some more terrain.
Just got an email that this is now official https://www.cardrona.com/content-hu...ebook&utm_medium=social&utm_campaign=summer20
Despite earlier messaging that they would look into running a dual-resort lift pass in the future, they've instead come right out with it, as outlined at https://www.cardrona.com/content-hub/news/cardrona-alpine-resorts-plus-treble-cone-here-we-go/
Lift pass pricing is set at the same price as Cardrona, and their season passes are interchangeable.
Pringles Chairlift now not going ahead due to nationally significant lizard population.
TBH, I'm a little surprised that the lizards are restricted enough that only the area of Pringles is apparently so species rich. I guess they would have been crawling all over the mountain 40 years ago...
Yeah, I think it is about time that happened. Just makes sense, happens all over the place in Europe.
I personally don't have that many ski field days, but plenty people staying in Wanaka will find that a big benefit.
They could have a little party with the Mt Buller Pygmy Possums!!!!
Was Pringles really a thing or just an expensive fake in the lease wars with Soho?
I know they built the top station but it does seem a bit surplus to needs in a relatively sketchy snow holding face now they have Soho
Pringle’s has been on the cards for years and years.
I recon that lift will be off to another nearby resort now maybe in a few years time tho. Just hope they stick with high speed lifts for soho.
Great to see this deal go through. Wanaka really needed this investment/growth by Real Journeys to help boost the local economy and it's dwindling housing prices.