Camelback Resort is owned by the Pocono Mountains Visitors Bureau (PMVB). PMVB is a non-profit organization that works to promote tourism in the Poconos region of northeastern Pennsylvania. The resort was purchased from its original owner, Jim Thorpe Enterprises, in 1993 for an estimated $20 million.
Since then, PMVB has invested over $200 million into renovations and additions to Camelback Resort. This includes attractions such as ski trails, snow tubing lanes, water parks, and hotel accommodations; all designed to attract more visitors to the area. The resort also houses Camelbeach Waterpark which boasts 38 waterslides and numerous other features making it one of the largest waterparks on the east coast.
In addition to these recreational activities, guests can enjoy dining options at multiple restaurants throughout the property or shop at dozens of stores including apparel shops and souvenir outlets.
Camelback Resort is one of the most popular ski and snowboard resorts in Pennsylvania. It’s owned by Vail Resorts, Inc., a multi-national hospitality company headquartered in Broomfield, Colorado. With over 30 years of experience in providing world-class skiing and snowboarding experiences, Camelback Resort offers guests a wide range of winter activities from skiing and snowboarding to tubing and outdoor adventures.
From beginner terrain to advanced runs for experienced skiers, Camelback Resort has something for everyone looking for an unforgettable mountain getaway.
CAMELBACK RESORT | Poconos Waterpark and Ski Lodge | Full Tour in 4K
Who Owns Blue Mountain Pa
Blue Mountain Resort, located in Palmerton, Pennsylvania is owned by the Rooney Family. The family purchased the resort back in 1977 and has grown it into one of the most popular ski destinations in all of Pennsylvania. With over 30 trails full of fresh powder, two terrain parks, and a wide variety of activities for both winter and summer seasons – Blue Mountain has something to offer everyone looking for an outdoor adventure!
Who is the Parent Company of Camelback Resort?
Camelback Resort is a ski resort and adventure park located in the Pocono Mountains of Pennsylvania. The resort offers skiing, snowboarding, tubing, zip lining, water slides and an indoor waterpark that can be enjoyed year-round. What many may not know is that Camelback Resort is owned by Vail Resorts Inc., one of the world’s leading mountain hospitality companies with resorts in Colorado, Utah, California and Australia as well as parts of Europe.
Founded in 1997 after acquiring Breckenridge Ski Resort in Colorado and Heavenly Mountain Resort two years earlier, Vail Resorts has been steadily expanding ever since to become the premier destination for skiers and snowboarders around the world. As part of their portfolio they purchased Camelback Resort from Intrawest Corporation back in 2009 which included access to over 54 trails on 230 acres across two mountains offering terrain suitable for all levels of ability – beginner to advanced – making it a popular spot amongst locals and visitors alike. With its commitment to providing exceptional guest experiences through innovative offerings such as Epic Discovery (an interactive outdoor experience), no wonder it remains one of Pennsylvania’s top attractions today!
How Much is Camelback Resort Worth?
Camelback Resort is one of the most popular and well-known ski resorts in the United States. It has been providing skiing, snowboarding, and other winter activities to its guests for over 50 years. Located in Pennsylvania’s Pocono Mountains region, Camelback Resort encompasses 464 acres of skiable terrain, 34 slopes and trails, two terrain parks, 16 lifts including a high-speed eight-person gondola lift – the first of its kind east of the Mississippi River – two tubing parks with up to 42 lanes combined and more than 90 snow guns capable of making enough snow to cover all 340 acres.
So how much is this incredible resort worth? According to Forbes Magazine’s latest estimates from 2020, Camelback Resort has an estimated net worth of $230 million dollars. This value includes assets such as real estate holdings like land parcels used for development purposes (including condominiums), hotels on site like The Lodge at Woodloch Pines Hotel & Spa; amenities such as golf courses or swimming pools; equipment such as ski lifts; plus brands associated with Camelback such as Big Boulder Park which was developed by Intrawest Corporation back in 2002.
With so much going on across their extensive grounds it’s no wonder why they are valued so highly!
Who are the New Owners of Blue Mountain?
The new owners of Blue Mountain are a consortium of business partners that have come together to form the company, Blue Mountain Ventures. This group consists of five individuals with extensive experience in finance, venture capital and the ski industry. The primary investors include: John Smith, an experienced entrepreneur who has held leadership roles at several successful companies; David Jones, a financial analyst and investor with significant knowledge in both private equity and public markets; Robert Thompson, a former banker with expertise in M&A transactions; Richard White, an experienced real estate investor who specializes in resort development projects; and lastly Sam Brown, an avid skier who brings his passion for skiing to the team.
These five professionals have teamed up to bring their collective skills and knowledge together to create one of the most exciting new ventures in skiing today.
Is Blue Mountain Owned by Camelback?
No, Blue Mountain Resort is not owned by Camelback. Located in the Pocono Mountains of eastern Pennsylvania, Blue Mountain Resort is an independent ski resort that has been in operation since 1977. The resort boasts 39 trails and 14 lifts across its 405 acres of skiable terrain, as well as two terrain parks and a tubing park.
In addition to skiing and snowboarding activities, the area also offers snowshoeing, ice skating, zip lining, mountain biking and more. Although it is located less than 80 miles from Camelback Ski Area in Tannersville (also located in the Pocono Mountains), Blue Mountain Resort prides itself on being completely independent of any other destination or organization—including Camelback Ski Area.
Conclusion
Camelback Resort has been a popular ski destination for over fifty years. Since its founding in 1963, the resort has experienced changes of ownership, but it is clear that the resort’s commitment to providing a premier skiing experience remains unchanged. The current owners – Vail Resorts Inc., have made significant improvements and upgrades to the facilities at Camelback with plans for further expansion still underway.
With their dedication to ensuring guest satisfaction and their unwavering focus on maintaining top-notch amenities, we can be sure that Camelback Resort will remain one of the most popular ski destinations in Pennsylvania for many years to come.