Friday, December 13, 2013

Taos Ski Valley Bought up by Wall St Financier

Some eye-popping news out of Taos. The Blake family has agreed in principal to sell the family owned business to a billionaire east coast hedge-fund fella.

Family patriarch Ernie Blake first scouted the valley and built out the ski resort in the 50's, modeling it after the ski villas in his native German Alps. To this day Taos is far and away the best ski experience in New Mexico - steepest terrain, charming european feel, professional alpine trained staff and ski-school, cozy old-world bars to end the day.  

A potential plus to the deal is the needed influx of capital to open terrain with another lift or two. One has to imagine that the new owner, Louis Bacon, has lined up some type of continuity agreement with the Blake family not to blanket the place with condos and soul-less real estate developments. The guy touts himself as a conservationist so perhaps he sees this venture as a rewarding personal interest rather than just another business model in need of streamlining and optimization.

Kachina Peak, the East Ridge and The Bavarian Lodge

 - Santa Fe New Mexican - Investor to buy Taos Ski Valley from Founding Family
 - NYTimes Dealbook - Bacon buys Taos Ski Resort

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