The Block Forms Acquisition Company and Sets Ground for Expansion |
Author: Press ReleaseAfter a year long planning period, THE BLOCK , currently, two independently owned and managed properties has formed an acquisition company for the purposes of merging ownership of the two properties into one, acquiring new properties, licensing merchandise and completing strategic initiatives to grow the brand of “The World’s First Snowboarder Hotels.”

Locations have been negotiated and selected in California, Colorado, and Utah as well as two locations in Europe. THE BLOCK feels confident that available technology will enable the company to manage across international borders with the help of consultants in France and Switzerland.
THE BLOCK has consulted with ROAR, a finance and marketing agency, as advisors to structure a $125 million strategic offering memorandum which was completed in October. The completed funding will activate the BLOCK hotels expansion plan .
“When Marc and I first had the idea of a hotel ‘For Snowboarders, By Snowboarders,’ we were confident it would do well, but the growth and potential of the brand over the past three years is nothing short of amazing,” says Liko Smith, Co-founder and President of THE BLOCK Hotels. Smith continues, “I receive emails almost every day from snowboarders around the globe asking when a BLOCK will be built at a mountain near them. …in the next six months, we’ll be busier than ever developing new locations, hiring key personnel, and planning the next season of our hit reality series.” “THE BLOCK that Marc and I started in Lake Tahoe is going to get much larger as a property, provide more services, and be able to really accommodate what snowboarders need worldwide,” he finishes.
A new BLOCK Prototype has also been developed,…current locations will attempt to be expanded, future locations will include:
- 150 or more rooms, Snowboard In/Out
- Cafe - Restaurant
- Hip, Ultra Bar and Lounge
- Meeting facilities
- Merchandise and Gift Shop
- Audio and Video editing room
- Waxing and tuning room
- “Create your own” T-Shirt room
- Ultra-Hip Community Game Rooms (XBOX 360, PS3, Wii- Live play)
- Modern “bumpin” shuttles for transport
