Anschutz Acquires Xanterra Parks & Resorts

Xanterra Parks & Resorts Announces Completion of Sale to the Anschutz Company

• 
  SAVE
• 
  SHARE
• 
  TEXT SIZE
• 
  PRINT
• 
  COMMENT
• 
  PDF

. October 14, 2008

DENVER, CO, October 7, 2008. The sale of national park and resort concessioner Xanterra Parks & Resorts to the Anschutz Company was completed on Sept. 25, 2008.

Xanterra Parks & Resorts owns and operates concessions - including lodges, restaurants, stores, tours and activities - in Yellowstone, Death Valley, Grand Canyon, Bryce Canyon, Zion, Crater Lake, Petrified Forest and Rocky Mountain National Parks as well as Mount Rushmore National Memorial and Ohio State Parks. The company also operates the Silverado Resort in Napa Valley, Calif., and owns and operates the Grand Canyon Railway based in Williams, Ariz.

"We are very pleased to be affiliated with the Anschutz Company," said Andrew N. Todd, president and CEO of Xanterra Parks & Resorts. "The Anschutz Company appreciates our extensive and innovative environmental programs as well as Xanterra's great potential for growth. There are no plans to change the structure or the management of Xanterra."

Xanterra has long been a hospitality-industry leader in environmental stewardship, and its programs and accomplishments have resulted in numerous prestigious awards. Last month the company received the National Park Service's 2008 Environmental Achievement Award for exceptional achievement in sustainable energy practices in Death Valley National Park. The award recognizes Xanterra's completion of one of the largest solar photovoltaic (PV) energy systems in the United States.

Xanterra employs 7,500 people, including approximately 100 employees at its suburban Denver headquarters in Greenwood Village, Colo. Operations span 10 states and include more than 5,000 guest rooms, 55 retail stores and 68 restaurants as well as marinas, golf courses and campsites.

Xanterra Parks & Resorts(R) (consisting of Xanterra Parks & Resorts, Inc. and Xanterra South Rim, L.L.C.) operates lodges, restaurants and other concessions at national parks and state parks and resorts. Xanterra Parks & Resorts is the country's largest park concessioner. Xanterra operates concessions in the following locations: Yellowstone, Bryce Canyon, Zion, Crater Lake, Death Valley, Rocky Mountain and Petrified Forest National Parks, and Mount Rushmore National Memorial; and at the Silverado Resort in Napa, Calif.; and eight Ohio State Parks. Its affiliate Xanterra South Rim, L.L.C. operates concessions at the South Rim of the Grand Canyon. Xanterra operates the Grand Canyon Railway in Williams, Ariz.

Long committed to the preservation and protection of the environment, Ecologix, Xanterra Parks & Resorts' environmental program, includes a variety of proactive environmental stewardship programs in each location. Xanterra has been repeatedly recognized for its environmental leadership in the hospitality industry and is the recipient of many honors, including major awards from the U.S. Department of the Interior, Environmental Protection Agency, Travel Industry Association, Colorado Department of Public Health, State of Arizona, Arizona Department of Environmental Quality and Utah Department of Environmental Quality.