Pursuit Completes Acquisition of the Jasper SkyTram in Jasper National Park
Pursuit Attractions and Hospitality (NYSE: PRSU) has completed the acquisition of the Jasper SkyTram in Jasper National Park for CAD $23.7 million (approximately USD $17 million). The deal includes a renewable long-term lease with Parks Canada with nearly 30 years remaining.
The Jasper SkyTram is a significant tourism destination that offers visitors an accessible mountain experience, ascending 2,263 meters (8,081 feet) up Whistlers Mountain. The attraction features an interpretive boardwalk, hiking trails access, and culinary offerings.
Under GM Todd Noble's leadership, Pursuit plans to invest in refreshing and renewing this landmark while working with the community, Parks Canada, and tourism partners to ensure Jasper's sustainable growth as they enter 2025.
Pursuit Attractions and Hospitality (NYSE: PRSU) ha completato l'acquisizione del Jasper SkyTram nel Parco Nazionale Jasper per 23,7 milioni di CAD (circa 17 milioni di USD). L'accordo include un contratto di locazione a lungo termine rinnovabile con Parks Canada con quasi 30 anni rimanenti.
Il Jasper SkyTram 猫 una meta turistica significativa che offre ai visitatori un'esperienza montana accessibile, salendo a 2.263 metri (8.081 piedi) sul Monte Whistler. L'attrazione dispone di un percorso pedonale interpretativo, sentieri escursionistici e offre opzioni gastronomiche.
Sotto la leadership del GM Todd Noble, Pursuit prevede di investire nel rinnovamento di questo punto di riferimento collaborando con la comunit脿, Parks Canada e i partner turistici per garantire una crescita sostenibile di Jasper mentre si avvicinano al 2025.
Pursuit Attractions and Hospitality (NYSE: PRSU) ha completado la adquisici贸n del Jasper SkyTram en el Parque Nacional Jasper por 23,7 millones de CAD (aproximadamente 17 millones de USD). El acuerdo incluye un contrato de arrendamiento a largo plazo renovable con Parks Canada con casi 30 a帽os restantes.
El Jasper SkyTram es un destino tur铆stico significativo que ofrece a los visitantes una experiencia monta帽osa accesible, ascendiendo a 2,263 metros (8,081 pies) en la Monta帽a Whistler. La atracci贸n cuenta con un sendero interpretativo, acceso a rutas de senderismo y opciones gastron贸micas.
Bajo el liderazgo del GM Todd Noble, Pursuit planea invertir en la renovaci贸n de este emblema mientras trabaja con la comunidad, Parks Canada y socios tur铆sticos para asegurar el crecimiento sostenible de Jasper a medida que se acercan al 2025.
韻检垬鞛 鞏错姼霝欖厴鞀 鞎る摐 順胳姢頂柬儓毽嫲 (NYSE: PRSU)電 鞛姢韻 鞀れ勾鞚 韸鸽灗鞚 鞛姢韻 甑瓿奠洂鞐愳劀 CAD $23.7 million (鞎 USD $17 million)鞐 鞚胳垬頄堨姷雼堧嫟. 鞚 瓯半灅鞐愲姅 瓯办潣 30雲勳潣 鞛旍棳 旮瓣皠鞚 鞛堧姅 Parks Canada鞕鞚 鞛硠鞎 臧電ロ暅 鞛リ赴 鞛勲寑 瓿勳暯鞚 韽暔霅橃柎 鞛堨姷雼堧嫟.
鞛姢韻 鞀れ勾鞚 韸鸽灗鞚 氚╇臧濍摛鞐愱矊 鞝戧芳 臧電ロ暅 靷办潣 瓴巾棙鞚 鞝滉车頃橂姅 欷戩殧頃 甏甏戩搿, 鞙勳姮霟 靷瓣箤歆 2,263氙疙劙(8,081頂柬姼) 鞓澕臧戨媹雼. 鞚 氇呾唽鞐愲姅 頃挫劋 氤措摐鞗岉伂, 頃橃澊韨 旖旍姢 鞝戧芳 氚 鞖旊Μ 鞝滉车鞚 鞛堨姷雼堧嫟.
韱犽摐 雲鸽笖 GM鞚 歆霃 頃橃棎, 韻检垬鞛囲潃 鞚 霝滊摐毵堩伂鞚 靸堧…瓴 頃橁碃 臧膘嫚頃橁赴 鞙勴暣 歆鞐 靷殞, Parks Canada 氚 甏甏 韺岉姼雱堨檧 順戨牓頃 瓿勴殟鞛呺媹雼. 攴鸽摛鞚 2025雲勳棎 霌れ柎靹滊┌ 鞛姢韻检潣 歆靻 臧電ロ暅 靹膘灔鞚 氤挫灔頃 瓴冹瀰雼堧嫟.
Pursuit Attractions and Hospitality (NYSE: PRSU) a finalis茅 l'acquisition du Jasper SkyTram dans le Parc National Jasper pour 23,7 millions CAD (environ 17 millions USD). L'accord comprend un bail 脿 long terme renouvelable avec Parks Canada avec pr猫s de 30 ans restants.
Le Jasper SkyTram est une destination touristique importante qui offre aux visiteurs une exp茅rience montagnarde accessible, montant 脿 2 263 m猫tres (8 081 pieds) sur le Mont Whistler. L'attraction dispose d'une promenade interpr茅tative, d'un acc猫s 脿 des sentiers de randonn茅e et d'offres culinaires.
Sous la direction du GM Todd Noble, Pursuit pr茅voit d'investir dans le rafra卯chissement et le renouvellement de ce point de rep猫re tout en travaillant avec la communaut茅, Parks Canada et des partenaires touristiques pour garantir la croissance durable de Jasper 脿 l'approche de 2025.
Pursuit Attractions and Hospitality (NYSE: PRSU) hat die 脺bernahme der Jasper SkyTram im Jasper-Nationalpark f眉r 23,7 Millionen CAD (ca. 17 Millionen USD) abgeschlossen. Der Deal umfasst einen erneuerbaren langfristigen Mietvertrag mit Parks Canada, der noch fast 30 Jahre l盲uft.
Die Jasper SkyTram ist ein bedeutendes Touristenziel, das Besuchern ein zug盲ngliches Bergerlebnis bietet, indem sie auf 2.263 Meter (8.081 Fu脽) auf den Whistlers Mountain aufsteigt. Die Attraktion verf眉gt 眉ber einen interpretativen Gehweg, Zugang zu Wanderwegen und gastronomische Angebote.
Unter der Leitung von GM Todd Noble plant Pursuit, in die Auffrischung und Erneuerung dieses Wahrzeichens zu investieren und mit der Gemeinschaft, Parks Canada und Tourismuspartnern zusammenzuarbeiten, um das nachhaltige Wachstum von Jasper bis 2025 sicherzustellen.
- Strategic acquisition of major tourist attraction in Jasper National Park
- Long-term lease security with Parks Canada (nearly 30 years remaining)
- Established revenue-generating asset with existing infrastructure
- Integration into Pursuit's existing Canadian Rockies operations
- Significant capital outlay of CAD $23.7 million
- Additional investment needed for planned refresh and renewal
Insights
The
The transaction's valuation appears reasonable given the asset's unique market position and monopolistic characteristics within the park. Current tourism trends show increasing demand for accessible outdoor experiences, which aligns perfectly with the SkyTram's value proposition. The year-round operational capability and diverse revenue streams (tickets, retail, culinary) provide multiple growth vectors.
For investors, this acquisition strengthens Pursuit's market presence in the Canadian Rockies and diversifies its revenue base. The company's track record in operating similar attractions suggests potential for operational synergies and margin improvements through integration with existing infrastructure.
This acquisition significantly enhances Pursuit's dominance in the high-end experiential tourism market. The Jasper SkyTram is a critical tourism asset that captures the growing demographic seeking accessible adventure experiences. The attraction's ability to serve visitors of all abilities is particularly valuable as the industry trends toward inclusive tourism.
The strategic timing of this acquisition coincides with the post-pandemic surge in outdoor tourism and growing preference for natural destinations. The SkyTram's unique positioning at 2,263 meters provides unparalleled views that can't be replicated by competitors, creating a sustainable competitive advantage. The planned refresh and renewal indicate potential for premium pricing and enhanced visitor experiences, likely leading to improved revenue per visitor.
鈥淭oday, we warmly welcome the Jasper SkyTram to Pursuit,鈥 said Stuart Back, Chief Operating Officer, Banff Jasper Collection by Pursuit. 鈥淟ed by GM Todd Noble and his strong local team, we are committed to the long-term investment of this iconic attraction, in ensuring its continued legacy as an important tourism pillar, and in creating an exceptional hospitality experience for guests and staff.鈥
The accessible mountain experience provides visitors of all ages and abilities the chance to ascend 2,263 meters (8,081 feet), up Whistlers Mountain via tram while taking in 360-degree national park views. Amenities on site include an interpretive boardwalk, easy access to hiking trails, and light culinary offerings.
鈥淧ursuit has a long-standing history of delivering exceptional guest experiences throughout the Canadian Rockies. Together with the experienced Jasper SkyTram team, we look forward to finalizing our plans to invest in the refresh and renewal of this important
The purchase price was
For more information on the Jasper SkyTram visit
Images of the Jasper SkyTram can be . Photo credit: Jasper SkyTram by Pursuit
About Pursuit
Pursuit Attractions and Hospitality, Inc. (NYSE: PRSU), is an attractions and hospitality company that owns and operates a collection of inspiring and unforgettable experiences in iconic destinations in
Forward-Looking Statements
This press release contains a number of forward-looking statements. Words, and variations of words, such as 鈥渨ill,鈥 鈥渃an,鈥 鈥渕ay,鈥 鈥渆xpect,鈥 鈥渨ould,鈥 鈥渃ould,鈥 鈥渕ight,鈥 鈥渋ntend,鈥 鈥減lan,鈥 鈥渂elieve,鈥 鈥渆stimate,鈥 鈥渁nticipate,鈥 鈥渄eliver,鈥 鈥渟eek,鈥 鈥渁im,鈥 鈥減otential,鈥 鈥渢arget,鈥 鈥渙utlook,鈥 and similar expressions are intended to identify our forward-looking statements. Such forward-looking statements include those that address activities, events or developments that Pursuit or its management believes or anticipates may occur in the future, including all statements regarding expectations concerning Pursuit鈥檚 opportunities and performance as a standalone public company. Similarly, statements that describe our go-forward business strategy, objectives, plans, intentions, or goals also are forward-looking statements. These forward-looking statements are not historical facts and are subject to a host of risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from those in the forward-looking statements. Important factors that could cause actual results to differ materially from those described in our forward-looking statements are set forth under Item 1A, 鈥淩isk Factors,鈥 of our most recent annual report on Form 10-K and in our most recent Quarterly Report on Form 10-Q filed with the SEC. We disclaim and do not undertake any obligation to update or revise any forward-looking statement in this press release except as required by applicable law or regulation.
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Tanya Otis, Pursuit
Email: totis@pursuitcollection.com | Phone: 587.222.4686
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Source: Pursuit
FAQ
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