Ski Resort Development – 10 Year Financial Model

Description
A ski resort is a mountain-based hospitality and recreation destination that offers skiing, snowboarding, and winter leisure activities supported by infrastructure such as ski lifts, groomed slopes, rental equipment, ski schools, lodging, restaurants, and retail services. Revenue is typically generated through lift tickets, season passes, accommodation, food and beverage, lessons, rentals, and events, with performance driven by snowfall, season length, visitor volume, pricing strategy, and the quality of the guest experience.

This 10-year Ski Resort Development financial model provides a complete view of project feasibility, covering the full investment lifecycle from development and financing through stabilized operations. The model includes detailed assumptions for skiing revenue (Tickets, Gear Rentals, Ski School), Ancillary Revenue (F&B, Retail, Events), optional hotel operations, development costs, payroll, operating expenses, debt and equity financing, cash flow, profitability, and investor returns. It is designed to support feasibility analysis, funding discussions, lender review, and investment decision-making for either a standalone or an integrated ski resort including a hotel.

The structure of the template follows Financial Modeling Best Practices principles and is fully customizable.

Model Structure

• Setup Assumptions

This section is used to input all the assumptions for the project.
It includes assumptions for Project Timing, Building Areas, Option to include Hotel, Standalone Skiing Revenue Assumptions (Visitors, Seasonality, Ticketing, Ski Lessons, Gear Rentals, F&B and Ancillary Revenue), Hotel Revenue Assumptions (Accommodation, Lease Areas, Ancillary Sources), Payroll, Operating Expenses, Capital Expenditures, Uses & Sources of Cash, and Project Financing

• Development Budget & Development Chart
This section includes all assumptions for the resort development.
It includes Land Costs, Hard Costs , Soft Costs, Development Contigencies and Development timing. A dynamic chart presents the development cash flow.

• Loan Schedules
Construction and Permanent Loan amortization Schedules ( including an optional moratorium and interest-only (IO) period.

• Project Cash Flows and Return Metrics
Presentation of Project’s Cash Flow and Returns including the below reports:
– Monthly Project Cash Flow per Year
– Annual Project Cash Flow
– Financing and Tax Supporting Schedules
– Key Performance Indicators
– Unlevered & Levered Project Return Metrics (IRR, MOIC, Payback, NPV)
– Project Dashboard including performance metrics and charts

• Investors Distribution Waterfall
A 3-tier IRR hurdle waterfall model to distribute proceeds between investors. The report provides inputs for up to 4 different LPs with different equity contribution percentages and up to 4 different GPs with different equity contributions and equity share percentages. The first tier distributes cash flow to the partners until the LPs has achieved some defined preferred return and received a full return of capital. Assuming the preferred return hurdle is hit in tier one, cash flow is distributed in tiers two and three based on a defined promote structure and hurdle rates as outlined by the user.

• Project Executive Summary
Professional Executive Summary report containing all of the high-level relevant information for review and is designed to be easy to read, print, and save to pdf. The report includes Project General Info, Timing, Sources, and Uses of Cash, Operations Summary and Key Metrics, Project and Investor return metrics.

Instructions on the use of the model are included in the Excel file.

Help & Support
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