Packer to Sell Perisher Blue Ski Resort

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July 27, 2005

Kerry Packer and Transfield Holdings have put Australia's biggest ski resort, Perisher Blue in Jindabyne town, on the market in a sale expected to reap as much as US$150 million.

The resort was formed in a 1995 merger between Mr. Packer's Perisher-Smiggin Holes and Transfield's Blue Cow-Guthega, and includes 50 lifts.

In addition to the ski fields and lifts, the resorts include the Perisher Valley Hotel, and the Station Resort in Jindabyne.

Other revenue generators include the ski and snow boarding schools, equipment hire, and the alpine railway from Bullocks Flat.

The hotels have a total of about 1,500 beds.

The owners have talked about expanding the resort since the mid-1990s and a 2001 master plan by the National Parks and Wildlife Service flagged the creation of a village center at Perisher with a further 1,300 beds across the resort.