March 27, 2017 4:08 AM ET

Hotels, Restaurants and Leisure

Company Overview of Xanterra Parks & Resorts, Inc.

Company Overview

Xanterra Parks & Resorts, Inc., a global travel and hospitality company, operates hotels, lodges, retail stores, restaurants, marinas, golf courses, campsites, and other hospitality and recreational facilities within national parks and memorials, and state parks in the United States. The company’s facilities offer various activities, including eco-adventures; cultural and historical tours; and luxurious spa getaways, as well as outdoor pursuits, such as whitewater rafting, swimming, golfing, cycling, and fishing. Its hotels’ amenities range from conference facilities with premium golf, tennis, and spa amenities to historic park lodges and cabins. The company operates various restaurants rang...

6312 South Fiddlers Green Circle

Suite 600 North

Greenwood Village, CO 80111

United States

Founded in 1876

Phone:

303-600-3400

Fax:

303-600-3600

Key Executives for Xanterra Parks & Resorts, Inc.

Chief Executive Officer and President
Chief Financial Officer and Vice President of Finance
Director of Retail Merchandising & Operations and Director
Vice President and General Counsel
Chief Information Officer and Director
Compensation as of Fiscal Year 2016.

Xanterra Parks & Resorts, Inc. Key Developments

National Park Service Announces the Selection of Xanterra Parks and Resorts, Inc. for the 10-Year Concession Contract

The National Park Service announced the selection of Xanterra Parks and Resorts, Inc., for the 10-year concession contract at Mount Rushmore National Memorial. Visitor services to be provided include food and beverage services, merchandise and souvenir sales, and parking garage services. The requirements of the new contract will allow for improved customer flow in the food and beverage and retail area, quicker egress from the parking garage due to the addition of self-pay stations, a 50% discount for seniors on standard parking rate and free parking for active duty U.S. military. The Service also reduced the standard parking rate from $11 to $10 for the life of the contract, and the parking pass will be valid for one year from the date of purchase. The new contract results from a solicitation process required by the National Park Service Concessions Management Improvement Act of 1998. The Service released the prospectus on September 29, 2015, and accepted proposals through January 13, 2016. The Service expects operations to commence under the new contract on October 15, 2016.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 1, 2017
Kingsmill Resort & Spa
 

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