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Viad Corp Acquires Denali Backcountry Lodge

Stocks in this article: VVI

Viad Corp (NYSE:VVI) today announced that it completed the acquisition of Denali Backcountry Lodge, Denali Cabins and related assets, located in and adjacent to Denali National Park and Preserve in Alaska.

Paul B. Dykstra, Viad’s chairman, president and chief executive officer, said, “The acquisition of Denali Backcountry Lodge and Denali Cabins is a strong strategic fit with our growing high-margin Travel & Recreation Group business. It leverages our full-service hospitality operational expertise and expands our national park footprint beyond our existing geographies. The acquired assets form an integrated hospitality growth platform for us in the Alaska market. We remain committed to expanding our hospitality and recreational attractions portfolio in and around national parks in North America, and this transaction represents the third successful execution against those plans this year.”

Denali Backcountry Lodge, the flagship of the operation, is the largest of only three lodges located inside Denali National Park and Preserve. With 42 guest rooms on six acres, the property features full-service accommodations, including dining and recreation facilities. Near the park’s entrance are the Denali Cabins, offering 46 guest cabins on six acres. In addition to overnight accommodations, the lodge operates day trips to its day trip lodge in Kantishna accessed by the scenic park road, a packaged tours sales and marketing program and daily motorcoach service between Anchorage and the park.

Michael Hannan, president of Viad’s Travel & Recreation Group, said, “Denali Backcountry Lodge and Denali Cabins are outstanding properties that provide guests with the opportunity to experience the expansive wilderness in one of the most iconic national parks in the U.S. while sleeping and dining in comfort. This acquisition complements our existing businesses by extending our experiential leisure travel services and rich guest experiences to include a property at the heart of what is a dream destination for many travelers from around the world.”

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