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TORA (Travel, Outdoor, Recreation, and Athletics)

Travel, Outdoor, Recreation, and Athletics (aka, TORA) are huge within Utah which is why Utah Money Watch provides perspective and contextual insights on all aspects of these markets regularly, but especially as viewed through a monetary lens.

The Rumors Were True: The NHL is Coming to Utah

The Rumors Were True: The NHL is Coming to Utah

There are two things many mainstream journalists and media outlets got wrong about this deal: 1) Ryan & Ashley Smith did NOT buy the Arizona Coyotes; they bought the hockey assets of the Coyotes; and 2) They bought the rights to an NHL franchise from the National Hockey League.

Utah's Top 15 Noteworthy Business "News Nuggets" from the 2nd, 3rd, and 4th Full Weeks of October 2023

Utah's Top 15 Noteworthy Business "News Nuggets" from the 2nd, 3rd, and 4th Full Weeks of October 2023

The weeks in question are 8—14 October 2023, 15—21 October 2023, and 22—28 October 2023. AUTHOR'S NOTE: Sometimes, regardless of what you do, deep desires collide head-on with the demands of daily life. That's been my life for the past several weeks as

Apple Hospitality REIT Purchases Two Salt Lake City Hotels, and Their Shared Parking Garage, for $91.5 Million

Apple Hospitality REIT Purchases Two Salt Lake City Hotels, and Their Shared Parking Garage, for $91.5 Million

With the purchase of the 175-room Courtyard by Marriott Salt Lake City Downtown, the 159-room Hyatt House Salt Lake City/Downtown, and the corresponding 346-space parking garage, the Apple Hospitality portfolio now includes 222 hotels with over 29,000 rooms located in 17 states, including five properties in Utah. Richmond,

Utah's Top 9 Business "News Nuggets" from the Past Week: 1—7 October 2023

Utah's Top 9 Business "News Nuggets" from the Past Week: 1—7 October 2023

Enclosed below (in no particular order), are Utah's Top 9 Business "News Nuggets" from 1—7 October 2023 that may not have hit your radar: * Heber, Utah-based Summit Engineering Group has been acquired by Atwell, a Southfield, Michigan-based consulting, engineering, and construction services firm with over

Utah's Top Nine Business "News Nuggets" from the Past Week: 23—30 September 2023

Utah's Top Nine Business "News Nuggets" from the Past Week: 23—30 September 2023

Enclosed below (in no particular order), are Utah's Top Nine Business "News Nuggets" from 23—30 September 2023 that may not have hit your radar: * American Fork, Utah-based LiveView Technologies (LVT) has been named by the Utah Jazz as its multi-year jersey patch sponsor starting with

Salt Lake City-based Clarus has Received a $160 Million Bid to Buy the Firm's "Precision Sports Business" (aka, its Bullet Companies)

Salt Lake City-based Clarus has Received a $160 Million Bid to Buy the Firm's "Precision Sports Business" (aka, its Bullet Companies)

The offer to acquire Clarus' ammunition business was made on 15 September 2023 via a letter delivered by its Executive Chairman, Warren B. Kanders, to the Clarus board of directors comes "... following certain informal, exploratory discussions ..." between he and the company. Additionally, Kanders also notified the Clarus

With Over 36 Million Players Driving America's Pickleball Craze, The Picklr is Capitalizing on that Interest Now.

With Over 36 Million Players Driving America's Pickleball Craze, The Picklr is Capitalizing on that Interest Now.

Just 22 months after its launch, and with $7 million in outside funding, Kaysville, Utah-based The Picklr just exploded onto the franchising scene with 13 franchisee partners now signed with commitments for its first 80+ franchise locations across 11 states — with more franchise units coming, its execs say. With a