The anticipated revenue for fiscal 2017 represents an increase of nearly 30 percent over fiscal 2016. The expected record EBITDA would be a significant jump of more than 60 percent compared to 2016. This all adds up to more money in the bank; Peak expects to have more than $30 million in operating cash at year-end.

“Despite the unusually warm weather we faced, particularly in the Midwest where our margins are the highest, we generated record revenue and EBITDA, which underscores the resiliency of our business model,” said Peak Resorts CEO Tim Boyd. “Importantly, our liquidity is strong, and we remain committed to returning capital to our shareholders.”

The planned expansion at Hunter is expected to add about 45 skiable acres of mostly intermediate terrain. In addition, the new area will include more parking at the base of it and a high-speed detachable chairlift. Total cost is estimated to be around $9 million. The company hopes to complete the project in time for the 2018-19 season.

In an effort to boost off-season visitation, Peak plans to construct a $2.5 million zip tour at Hidden Valley in Wildwood, Mo., where Peak Resorts is based. The tour is expected to consist of around four zips, most of them longer spans. The company hopes to begin construction in the fall, and have it open by fall of 2018.

“While expanding our portfolio through new resorts remains a key priority for us, we also intend to build value by investing in our current properties through expansions, new products, and amenities that will elevate our customers’ skiing and off-season experiences and keep them visiting more often. These investments alone could boost our company-wide EBITDA by $2 to $3 million on an investment of approximately $11.5 million, generating solid returns on our capital,” said Boyd.