Representative Matters

SUCCESSFULLY REPRESENTED THE LANDLORD OF THE PARK CITY SKI TERRAIN TO TERMINATE THE LEASE OF PCMR AND FACILITATE THE ARRIVAL OF VAIL RESORTS AT BOTH PARK CITY AND CANYONS RESORTS

Successfully represented the landlord of the Park City ski terrain in terminating the lease of PCMR, bringing about Vail’s arrival in Utah at both Park City and Canyons. Over 2,000 acres of the prime ski terrain of Park City Mountain Resort were used under a long-term lease with 20-year options. The tenant failed to exercise as required by the lease but argued this should not result in a such a catastrophic loss because of its investment in the property and long-term interests. In the midst of the litigation, the landlord made a high-profile deal with Vail Resorts which brought Vail to Utah to operate Canyons and potentially Park City as well. After rulings favorable to the landlord, the case was resolved through Vail Resort’s acquisition of the rest of PCMR.