Pursuit Attractions and Hospitality Inc Stock Price, News & Analysis

Pursuit (NYSE:PRSU) has successfully amended its 2025 Credit Facility, increasing its revolving credit facility by $100 million to $300 million total and extending the term to September 25, 2030. The amendment includes favorable terms such as an increased maximum net leverage ratio to 3.0x and removal of the SOFR borrowing credit spread adjustment.

Led by Bank of America with participation from BMO, KeyBank, and Truist Bank, the enhanced facility will support Pursuit's Refresh, Build, Buy strategy, with over $250 million of identified organic growth investments and acquisition opportunities in the pipeline.

Pursuit (NYSE:PRSU) has acquired complete ownership of its Glacier Park subsidiary by purchasing the remaining 20% stake for $13 million from the Maughan family trust. The subsidiary operates nine lodging properties and various dining and retail outlets near Glacier National Park.

The transaction eliminates a $19 million noncontrolling interest liability from Pursuit's balance sheet as of June 30, 2025. The company previously held an 80% controlling stake in the subsidiary, which has been operating since the early 1980s. Pursuit confirmed that there will be no operational or management changes to its Glacier Park Collection following this acquisition.

Pursuit (NYSE:PRSU) reported strong Q2 2025 results with revenue increasing 15.4% to $116.7 million and adjusted EBITDA growing 49.2% to $29.7 million year-over-year. The company saw significant growth in both visitor numbers and revenue per visitor, with attraction ticket prices up 11% and lodging RevPAR growing 9% on a same-store basis.

Key developments include the $111 million acquisition of Tabacón Thermal Resort & Spa in Costa Rica and a new $50 million share repurchase authorization. The company raised its full-year 2025 guidance, now expecting adjusted EBITDA of $108-118 million, up $10 million from previous guidance, driven by strong performance, favorable exchange rates, and the Tabacón acquisition.

Valiant Eagle's (OTC:PSRU) subsidiary, Providence Film Group (PFG), has secured official copyright recordation for 12 iconic films, including Bruce Lee's "Fists of Fury" and DC's "Swamp Thing." This milestone establishes PFG as one of North America's few independent media companies with proven chain-of-title ownership of a legacy film collection.

The portfolio includes films independently appraised at over $1 million for three titles, enabling the company to leverage these assets as bankable collateral. PFG plans to monetize through licensing, distribution, modern remastering, NFTs, and merchandising opportunities. The company is also pursuing legal action to recover unpaid royalties and enforce its rights against unauthorized usage.

PFG aims to expand its film library within 24-36 months to become a "mini-major" content powerhouse, projecting multi-million dollar revenue inflows over the next two years through ongoing negotiations and commercial opportunities.

Pursuit Attractions and Hospitality (NYSE:PRSU) has scheduled its second quarter 2025 earnings release and conference call for August 6, 2025. The company will release its financial results for the quarter ended June 30, 2025, after market close, followed by a conference call at 5:00 PM Eastern Time.

Investors can access the live audio webcast through the company's website's "Events & Presentations" section, where the earnings press release and presentation will also be available. The call can be accessed by dialing (404) 975-4839 or (833) 470-1428 with access code 003370. Pre-registration is available to bypass operator wait times.

Pursuit Attractions and Hospitality (NYSE:PRSU) has announced the acquisition of Tabacón Thermal Resort & Spa in Costa Rica, marking its strategic entry into its fourth country of operation. The acquired property spans 570 acres of rainforest and features Costa Rica's largest network of naturally flowing hot springs.

The luxury retreat includes a five-star eco-luxury resort with 105 rooms, an internationally renowned spa, culinary experiences, and the nearby Choyín Río Termal hot springs attraction. Tabacón holds a five-star rating from the Costa Rican Tourism Institute and has achieved the Elite Level certification in sustainability.

This acquisition aligns with Pursuit's "Refresh, Build, Buy" strategy and provides counter-seasonal benefits to its North American operations through year-round demand. The company views this as a foundational investment to potentially develop a broader Costa Rica collection.

Pursuit Attractions and Hospitality (NYSE: PRSU) has announced the appointment of Mike Bosco as Senior Vice President and Chief Accounting Officer, effective July 1, 2025. Bosco, who joins from Vail Resorts where he served as Vice President & Assistant Controller over a 16-year tenure, will succeed Leslie Striedel, who is departing after 11 years in the role. Bosco brings extensive experience in operational and technical accounting, financial reporting, internal controls, and SEC compliance. He will lead Pursuit's global accounting function and work closely with CFO Bo Heitz to drive innovation across accounting systems while supporting the company's strategic objectives. Pursuit operates 15 world-class attractions and 28 distinctive lodges across the United States, Canada, and Iceland.

Pursuit (NYSE: PRSU) reported its Q1 2025 results, showing a 0.9% revenue increase to $37.6 million. The company saw 9% year-over-year growth in both attraction ticket prices and lodging RevPAR metrics. However, net loss widened to $31.1 million compared to $25.1 million in Q1 2024. Adjusted EBITDA was negative $17.5 million, declining $2.9 million year-over-year. The company maintains its full-year 2025 guidance, expecting Adjusted EBITDA of $98-108 million, representing substantial growth from 2024's $77.1 million. Pursuit completed three tuck-in acquisitions in Q4 2024, including Jasper SkyTram, and plans to invest $38-43 million in growth capital expenditures in 2025.

Pursuit Attractions and Hospitality (NYSE: PRSU) has scheduled its first quarter 2025 earnings release for Thursday, May 8, 2025, after market close. The company will host a conference call at 5 p.m. Eastern Time to discuss financial results for the quarter ended March 31, 2025 and provide business updates.

Investors can access the live audio webcast through the company's website's 'Events & Presentations' section. The call can also be joined by dialing (404) 975-4839 or (833) 470-1428 with access code 015320. Pre-registration is available to bypass operator wait times. A replay will be accessible on the website and via phone using access code 639824.