Anyone that has spent time on a ski or snowboard slope knows that the experience is much more enjoyable when it’s covered in natural snow. This is why investing in ski resort development is such an enticing prospect for property owners and developers.
In this article, Jack Bistricer, who has experience in developing ski resorts, will discuss the advantages of investing in ski resort development.
What is Ski Resort Development?
Jack Bistricer is the CEO of Talisker Corporation. He has developed Talisker Club, Park City’s only four-club community, offering a variety of mountain, Main Street, backcountry, and country clubs across a spectacular swath of the Wasatch Mountains.
Jack Bistricer indicates that ski resorts are places where skiers and snowboarders go to enjoy all the benefits of winter sports. They exist to provide a safe environment for people to enjoy the sport of skiing and snowboarding, as well as simply enjoy the beautiful environment.
Jack Bistricer has developed Talisker Club – Park City’s only four-club community, offering a variety of mountain, Main Street, backcountry, and country clubs across a spectacular swath of the Wasatch Mountains.
According to Bistricer, ski resorts are developed by building infrastructure such as stairs, lifts, lodges and snowmaking equipment. It is also done by building new runs and expanding existing runs.
Why Invest in a Ski Resort?
Here, Bistricer shares the main benefits of investing in ski resort development.
– Seasonality – The seasonality of skiing and snowboarding is one of the main benefits of investing in ski resort development. This is because ski resorts only operate during certain parts of the year. This means that once the ski season is over, so is the investment opportunity. This is a great way to take advantage of market inefficiencies. In other words, there is a lot of demand for winter recreation activities but very little supply. So, when ski resorts are not in season, there is no business being generated.
– Higher Price – Ski resorts are a great way to increase the value of your property. The reason for this is simple: ski resorts are a rare investment opportunity. So even though skiing and snowboarding are seasonal, they are a very unique investment opportunity. So what does that mean? It means that you can expect very high returns, but your investment will be very unique.
– Tax Benefits – Investing in a ski resort is a great way to increase the value of your property, while also generating some tax benefits. When you invest in a ski resort, you can claim a depreciation tax break on your income tax return. What this means is that you can take a tax deduction for the depreciation of your investment. This can be a big benefit if you are in a high tax bracket or you have other significant assets that you would like to have a tax break on.
Conclusion
Investing in ski resort development can be a lucrative endeavor for property owners and developers. This is because the seasonality of skiing and snowboarding is very unique, and there is much demand for this type of recreation. This means that the value of a ski resort is much higher than it would be otherwise. Real estate developer Jack Bistricer adds that investing in ski resort development can provide some tax benefits, as well as high returns on your investment.