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NRRT 524 - Ski Area Finance and Investment

  • 2 credits

This course examines key finance and investment considerations relevant to ski area operations and management. This requires an understanding of seasonality and climatic variability, and how these two areas affects capital structure and expenditure, cash flow, budgeting of labor and resources, and forecasting activities. The use and creation of financial statements and other performance indicators is also examined. Examination of the different forms of ski area ownership and investment that can be found around the world is also addressed, including community non-profit financing, government financing, the role of private investors and investor groups, real estate investment trusts (REITs), and publicly-traded corporations, as well as process of resort valuation, whether for taxation purposes or acquisition.


NRRT 520

Textbooks and Materials

Section 801


  • Entrepreneurial Finance, 6th Ed. (2014)
    Adelman, P.J. & Marks, A.M.

Textbooks and materials can be purchased at the CSU Bookstore unless otherwise indicated.


Sunshine Swetnam
Sunshine Swetnam

Dr. Sunshine Swetnam is a Colorado Native, long time skier, wilderness lover, and educator who believes in the empowerment of others. She is learner-centered, with the philosophy of stewardship at her core. She hopes to educate more people about the environment, the earth, and sustainability with the intent that they fall in love enough to want to take care of our home. She has worked in the ski industry as a ski instructor and in middle management as an assistant ski school director at Arizona Snowbowl in Flagstaff, Arizona and Mount Aleyeska Resort in Girdwood, Alaska.