VAIL, CO Vail Resorts has entered into a joint venture with Resort Technology Partners (RTP) to form a new company that will develop, sell and deliver technology-based products and services to the hospitality and resort industries. The new company will retain the name RTP.
Vail Resorts will contribute assets, services and staff groups from VailNet, Internet Works and Vail Resorts internal New Media division, as well as $2.5 million in cash capital to the joint venture. RTP will contribute its entire business of resort application software and e-commerce, including all products and customer accounts, to the new company. (3/2/01)