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Has Real Journeys Purchased Treble Cone

Discussion in 'New Zealand' started by craighelo, Jun 19, 2019.

  1. craighelo

    craighelo One of Us

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    Does anyone know if yesterdays rumour is true?
     
  2. teckel

    teckel Pool Room Ski Pass: Gold

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    https://www.odt.co.nz/regions/wanaka/cardrona-seeking-acquire-treble-cone

    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.
     
    Dumphfish, climberman and craighelo like this.
  3. Call_me_Ishmael

    Call_me_Ishmael One of Us Ski Pass: Silver

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    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!!!
     
    Bogong and Tanuki like this.
  4. Zimbooo

    Zimbooo One of Us

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    That Treble Cone Gondola may eventually get built after all? LOL
     
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  5. Dumphfish

    Dumphfish Hard Yards

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    Would be a good thing for one and all I think.
     
    craighelo likes this.
  6. Dumphfish

    Dumphfish Hard Yards

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  7. nezumi

    nezumi One of Us

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    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.
     
  8. hpsauce

    hpsauce A Local Ski Pass: Gold

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    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......
     
    craighelo likes this.
  9. Red_switch

    Red_switch Old n' Crusty Ski Pass: 30 Day

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    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.
     
    Call_me_Ishmael likes this.
  10. Red_switch

    Red_switch Old n' Crusty Ski Pass: 30 Day

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    It'll be interesting to see how their due diligence goes...
     
  11. hpsauce

    hpsauce A Local Ski Pass: Gold

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    I met a few locals who didnt even want to fork out for a season ticket recently. Seemed no one was being made happy
     
    Call_me_Ishmael likes this.
  12. Draizuh

    Draizuh One of Us

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    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!
     
  13. hpsauce

    hpsauce A Local Ski Pass: Gold

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    yeah.....I spotted that as well. Grim....
     
  14. Draizuh

    Draizuh One of Us

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    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.
     
    Dumphfish likes this.
  15. pedub

    pedub One of Us

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    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
     
  16. craighelo

    craighelo One of Us

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    Sure has helped with the lift queues though
     
    Call_me_Ishmael likes this.
  17. Call_me_Ishmael

    Call_me_Ishmael One of Us Ski Pass: Silver

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    Will def be heading there in a couple of weeks then
     
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  18. Draizuh

    Draizuh One of Us

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    Probably wont last for long though. Skiing is a bums on seats kind of business. All those ski4free's come at a cost...
     
  19. person s

    person s Old n' Crusty Ski Pass: Gold

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    motivating people to buy season pass
    many of us on this forum have been doing that for ages anyway
     
  20. pedub

    pedub One of Us

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    Doesn't that still cost an arm?

    Not suitable for tourists unless you have a super long trip
     
  21. Red_switch

    Red_switch Old n' Crusty Ski Pass: 30 Day

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    Their season pass pricing is ridiculous.
     
  22. craighelo

    craighelo One of Us

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    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.
     
  23. Red_switch

    Red_switch Old n' Crusty Ski Pass: 30 Day

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    "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.
     
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  24. craighelo

    craighelo One of Us

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    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.
     
  25. pedub

    pedub One of Us

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    My father knows one of the directors
    "best skiing in southern hemisphere"
    I was amused

    It can be great yeah, sometimes
     
  26. Red_switch

    Red_switch Old n' Crusty Ski Pass: 30 Day

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    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.
     
    craighelo likes this.
  27. N0frilz

    N0frilz Hard Yards

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    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.
     
  28. Zimbooo

    Zimbooo One of Us

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    Last time I was there they served me burnt raisin toast.................b@rstads.
    Premium..............pffft.
     
  29. N0frilz

    N0frilz Hard Yards

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    Deserve that for ordering raisin toast...
     
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  30. Dumphfish

    Dumphfish Hard Yards

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