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Slide #21. Specialty Sports Venture — Hoigaard's Sporting Goods Store
Specialty Sports Venture (NYSE:MTN)
Hoigaard's Sporting Goods Store
Specialty Sports Venture, the retail division of Vail Resorts, Inc. (NYSE: MTN), announced today the acquisition of Hoigaards's, a leader in the outdoor equipment and apparel industry since 1895. Located outside of Minneapolis in St. Louis Park, this 20,000 square-foot store is the leading specialty provider of snow sports equipment in the region featuring both equipment and clothing for skiers and snowboarders as well as Nordic gear during the winter months and bikes, paddle sports and camping gear in the summer months. Terms were not disclosed.
Vail Resorts is a holding company and operates through various subsidiaries. Co. grouped its operations into three business segments: Mountain, which operates mountain resort properties and urban ski areas, as well as ancillary services; Lodging, which provides a range of services to guests, including owned and managed lodging properties, managed condominium units, National Park Service concessionaire properties, a resort ground transportation company, and Co.-owned mountain resort golf courses; and Real Estate, which includes the sale of land parcels to third-party developers and planning for future real estate development projects, including zoning and acquisition of applicable permits.
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