LUXEMBOURG – June 3, 2024 – Alpin Unlimited, an affiliate of LongRange Capital (“LongRange”), has acquired a 31.85% stake in Bergbahn Aktiengesellschaft Kitzbühel (“KitzSki”), a marquee global ski resort located in Kitzbühel, Austria.
“KitzSki is one of the top ski resorts in the world, and we are excited to become a significant minority investor,” said Bob Berlin, Founder and Managing Partner at LongRange. “Alpin Unlimited intends to develop a collaborative partnership with KitzSki and its key stakeholders to support the long-term success of the resort.”
“Kitzbühel is a place with deep roots in both competitive and recreational ski heritage,” said Hank Tauber, former Vice President of the FIS (The International Ski and Snowboard Federation), former Head of the US Olympic Alpine Ski Team, and Senior Advisor to Alpin Unlimited and LongRange. “The resort has done a phenomenal job with its hospitality and on-hill infrastructure to ensure a vibrant future of skiing in the Austrian Alps,” said the US-Swiss dual national.
Ranked as the world’s best ski resort in 2023 by skiresort.de, KitzSki is well-known for hosting the legendary Hahnenkamm races, bringing together the global elite in the ski community for nearly a century. Kitzbühel is one of the most easily reachable large resorts from Munich, Salzburg, and Innsbruck, offering skiers, snowboarders, and adventurers 233 km of ski runs which are accessible via 58 up-to-date cable cars and lifts, providing a diverse mix of terrain for beginners and pros alike. Off the slopes, guests can enjoy top-notch gastronomy and a breadth of other year-round activities and experiences.
Conclave, an investment banking advisory firm based in Switzerland, acted as exclusive financial advisor to LongRange.
About Alpin Unlimited
Alpin Unlimited was created to form long-term partnerships with ski resorts across Europe with a focus on creating exceptional year-round experiences for mountain guests. We are dedicated to sharing mountain culture and experiences across the Alps, while retaining the unique attributes, natural beauty, and character of each resort and community. For more information, please visit www.alpinunlimited.com.
About LongRange Capital
LongRange Capital, an operationally-oriented investment firm with $1.7 billion AUM, was formed to take a longer-term perspective to investing and building better businesses through a company-focused and customer-first philosophy. The team has several decades of experience in the hospitality, leisure, and consumer segments across Europe and North America, and seeks to partner with businesses and stakeholders to address their specific needs, ensuring that the capital structure, management, strategy, resources, execution, and incentives are aligned to achieve our collective goals. Our capital offers the flexibility to be either a majority or minority owner as well as a partner or structured capital provider to corporations, families, business leaders, and other shareholders. For more information, please visit www.longrangecapital.com.
U.S. CONTACT
Brian Ruby
ICR
203-682-8268
brian.ruby@icrinc.com
AUSTRIA CONTACT
Philipp Gruell
Skills
+4315052625-28
philipp.gruell@skills.at