The popular Czech ski resort Spindleruv Mlyn is changing operators, in a move that will guarantee shareholders in the company that owns it (CSTV) a yearly income of CZK 43m for the next 20 years. Along with paying a fixed fee, the new operator, led by Tatra Mountain Resorts and the Czech businessman Tomas Nemec, is required to invest CZK 800m into the resort over that time period. CSTV officials say the security of regular income in bad snow years outweighed the potential for higher profits when there’s an abundance of snow.
Initial indications are that prices will remain the same for the upcoming winter, but the daily Mlada front Dnes warns that they could rise once investments start being made. It also reports that the contentious no-wait priviliges enjoyed by VIP visitors could be withdrawn, although the new operator does not appear unified on this issue. Tatra Mountain Resorts is part of the J&T financial group.
