Added to YB: 2026-06-11
Pitch date: 2026-06-08
PRSU [neutral]
Pursuit Attractions and Hospitality, Inc.
+3.55%
current return
Author Info
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Company Info
Pursuit Attractions and Hospitality, Inc., an attraction and hospitality company, owns and operates a collection of travel experiences in iconic destinations in the United States, Canada, Iceland, and Costa Rica.
Market Cap
$1.2B
Pitch Price
$44.77
Price Target
N/A
Dividend
N/A
EV/EBITDA
11.90
P/E
41.89
EV/Sales
3.25
Sector
Hotels, Restaurants and Leisure
Category
special_situation
$PRSU: the old Viad is now just the good stuff
PRSU (overview): Renamed Viad post-GES sale, now pure-play owner of irreplaceable park attractions/lodges (Banff, Jasper, Glacier, Iceland, Costa Rica). ~$44/sh, $1.4B EV, ~11x EBITDA guide ($123-133M). Sub-1x lev pro forma Flyover sale ($78.4M, May'26). Buybacks at $35.40 avg + $300M growth capex thru 2030 at sub-7x. Risks: brutal seasonality (wildfires/smoke), already +57% YoY near highs, NCIs overstate EBITDA, capex payoff not until 2028.
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