There’s more than one way to grow a hotel brand: after years of the big name operators launching sub brands, the prospect of more consolidation is rippling through the industry.
In consolidating our business strategy, we should also point to the essential roles played by the various partnerships in which we have invested, contributing to our aim of value creation.
We would like the public image of our business undertakings to reflect our diversity and capabilities, making it clear that, even during times of uncertainty, we continue to foster a culture of controlled risk coupled with a permanent readiness for action.
Message from the Chairman António da Silva Parente Markets today are changing rapidly and prone to volatility, requiring us to pay constant attention to underlying forces and to question our strategic stance at every turn.
The Group has embraced this reality so as to stay true to our Strategic Principles, our Mission and guiding Values, all inspired by our original business Vision.
Skiers and snowboarders enjoy food and beverages at Tusks Bar overlooking the slopes at Mammoth Mountain.
The resort and others owned by Mammoth Resorts are being bought by a Colorado partnership.Our energy business sales were 18 billion yen, a YOY decline of 4.2 billion yen (-18%) due to falling oil prices and a drop in sales of new/used cars.Sales of our life & resorts business were 13.1 billion yen, a YOY increase of 500 million yen ( 4%).Our shipping business, affected by the dry bulk market downturn, recorded sales of 26.9 billion yen, a YOY decline of 5.7 billion yen (-17%).However, we boosted our sales in the environment business by newly consolidating two companies and earned 11.3 billion yen, a YOY increase of 4.3 billion yen ( 61%).(Brian van der Brug / Los Angeles Times) Mammoth Resorts, the company the runs four of California’s most popular ski resorts, has agreed to be acquired by a Colorado partnership, further consolidating control of the nation’s ski slopes into the hands of a few major developers. and KSL Capital Partners, a private equity firm, is buying Mammoth Resorts, which operates Mammoth Mountain and June Mountain in the Eastern Sierra, and took over Bear Mountain and Snow Summit in the San Bernardino Mountains in 2014.