Blue Mountain Resort, one of the most popular resorts in the country, just got its annual budget slashed.
The resort’s total budget, which includes lodging, dining, and activities, is down $30 million from last year’s budget.
The resort was once the envy of the industry and the reason why the resort is one of just four in the nation that charges guests a one-night stay at the resort’s spa and fitness center, according to an announcement on the resort website.
This year’s cut to the budget comes after several months of cuts.
Blue Mountain’s previous budget was down $100 million.
The cut is expected to be phased in over the next few months.
Blue Mountain, a resort that specializes in camping, has been in trouble with its own budget over the years, including a $30-million cut from the resort in 2009.
Blue Mountains budget has been reduced from $2.2 billion to $1.5 billion since that time.
Blue mountains parent company Frontier Corporation is owned by private equity firm Cerberus Capital Management.
The company has also been under fire for its high hotel occupancy rates, which the resort blames on high costs.