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In 1993, Delaware North became the provider of visitor services at Yosemite National Park under contract with the National Park Service, via the subsidiary DNC Parks and Resorts at Yosemite, Inc.
When the contract was acquired by Aramark in 2015, it was required to purchase the assets of the previous concessionaire—just as Delaware North was required to before. However, Delaware North claimed that the sale did not include its intellectual property, which included trademarks for various place names in the park, and valued them at $51 million. Delaware North sued the United States in the Court of Federal Claims in 2015. The NPS disputed the cost of these intangible assets, as well as Delaware North having registered the marks in the first place. Upon Aramark's transition to concessionaire in March 2016, the trademarked place names were replaced by alternative names.
In July 2019, Delaware North reached a roughly $12 million settlement, under which the original place names would be restored, and Delaware North agreed to return the trademarks to the NPS upon the conclusion of Aramark's contract.
In 2014, the United States National Park Service opened bids on a new concessions contract for Yosemite National Park's properties. When Delaware North assumed the role of concessionary in 1993, it was contractually required to purchase the assets of the previous concessionaire — Yosemite Park & Curry Company — at fair market value, including furniture, equipment, vehicles, and "other property". Its ultimate successor, Aramark subsidiary Yosemite Hospitality, LLC (who was awarded a 15-year contract), would be subject to similar terms. [1] Intellectual property was not explicitly listed in the contract; this includes trademarks that were registered by Delaware North, including place names such as "Yosemite National Park", Ahwahnee, Badger Pass, Curry Village, Yosemite Lodge, and the slogan "Go climb a rock". [2] [3] [4] [5]
In 2015, Delaware North sued the NPS in the United States Court of Claims for breach of contract, claiming that the NPS did not cause the intellectual property to be sold to Aramark, and demanded a payment from Aramark for the property, to be determined in court. [6] Delaware North initially asserted the fair market value of its intangible properties to be $51 million. [1] The National Park Service estimated the value of the intangible assets at $3.5 million, and also suggested that the marks should not have been filed for by Delaware North to begin with. [7]
At the request of Delaware North, the National Park Service had amended the bid notice to explicitly mention intellectual property, again without specifying trademarks. [8] The park service contended that the intellectual property includes assets such as websites and customer databases, but not the trademarks. [9] Delaware North claimed to have offered to temporarily license the trademarks while the dispute is resolved, but that the government did not respond. [2] [3] The Park Service said that accepting the offer could be seen as acknowledging the legitimacy of the trademarks. [10]
In January 2016, it was announced that due to the legal dispute, properties at Yosemite National Park would be renamed effective March 1, 2016, when Aramark's contract officially began. The Ahwahnee was renamed the Majestic Yosemite Hotel, Camp Curry was renamed Half Dome Village, the Yosemite Lodge became Yosemite Valley Lodge, the Wawona Hotel became Big Tree Lodge, and the Badger Pass Ski Area became the Yosemite Ski & Snowboard Area. [11] [12] [13]
On July 15, 2019, Delaware North and the Park Service announced that they had settled the lawsuit, and that the original names would be reinstated; the government paid $3.84 million to Delaware North, and Aramark paid $8.16 million. Delaware North agreed to turn over tangible assets that had not yet been transferred to Aramark, and return the Yosemite-related trademarks to the Park Service at no cost following the conclusion of Aramark's concessions contract. [14] [15]
Intellectual capital is the result of mental processes that form a set of intangible objects that can be used in economic activity and bring income to its owner (organization), covering the competencies of its people, the value relating to its relationships, and everything that is left when the employees go home, of which intellectual property (IP) is but one component. It is the sum of everything everybody in a company knows that gives it a competitive edge. The term is used in academia in an attempt to account for the value of intangible assets not listed explicitly on a company's balance sheets. On a national level, intellectual capital refers to national intangible capital (NIC).
Yosemite National Park is a national park in California. It is bordered on the southeast by Sierra National Forest and on the northwest by Stanislaus National Forest. The park is managed by the National Park Service and covers 759,620 acres in four counties – centered in Tuolumne and Mariposa, extending north and east to Mono and south to Madera. Designated a World Heritage Site in 1984, Yosemite is internationally recognized for its granite cliffs, waterfalls, clear streams, groves of giant sequoia, lakes, mountains, meadows, glaciers, and biological diversity. Almost 95 percent of the park is designated wilderness. Yosemite is one of the largest and least fragmented habitat blocks in the Sierra Nevada.
The National Park Service (NPS) is an agency of the United States federal government, within the U.S. Department of the Interior. The service manages all national parks; most national monuments; and other natural, historical, and recreational properties, with various title designations. The United States Congress created the agency on August 25, 1916, through the National Park Service Organic Act. Its headquarters are in Washington, D.C., within the main headquarters of the Department of the Interior.
An intangible asset is an asset that lacks physical substance. Examples are patents, copyright, franchises, goodwill, trademarks, and trade names, as well as any form of digital asset such as software. This is in contrast to physical assets and financial assets. Intangible assets are usually very difficult to value.They suffer from typical market failures of non-rivalry and non-excludability. Today, a large part of the corporate economy consists of intangible assets, reflecting the growth of information technology and organizational capital.
Glen Canyon National Recreation Area is a national recreation area and conservation unit of the United States National Park Service that encompasses the area around Lake Powell and lower Cataract Canyon in Utah and Arizona, covering 1,254,429 acres (5,076.49 km2) of mostly rugged high desert terrain. The recreation area is named for Glen Canyon, which was flooded by the Glen Canyon Dam, completed in 1966, and is now mostly submerged beneath the waters of Lake Powell.
Human habitation in the Sierra Nevada region of California reaches back 8,000 to 10,000 years ago. Historically attested Native American populations, such as the Sierra Miwok, Mono and Paiute, belong to the Uto-Aztecan and Utian phyla. In the mid-19th century, a band of Native Americans called the Ahwahnechee lived in Yosemite Valley. The California Gold Rush greatly increased the number of non-indigenous people in the region. Tensions between Native Americans and white settlers escalated into the Mariposa War. As part of this conflict, settler James Savage led the Mariposa Battalion into Yosemite Valley in 1851, in pursuit of Ahwaneechees led by Chief Tenaya. The California state military forces burned the tribe's villages, destroyed their food stores, killed the chief's sons, and forced the tribe out of Yosemite. Accounts from the Mariposa Battalion, especially from Dr. Lafayette Bunnell, popularized Yosemite Valley as a scenic wonder.
Delaware North is an American multinational food service and hospitality company headquartered in Buffalo, New York. The company also operates in the lodging, sporting, airport, gambling, and entertainment industries. The company employs over 55,000 people worldwide and has over $3.2 billion in annual revenues.
Gilbert Stanley Underwood was an American architect best known for his National Park lodges.
The Ahwahnee is a grand hotel in Yosemite National Park, California, on the floor of Yosemite Valley. It was built by the Yosemite Park and Curry Company and opened for business in 1927. The hotel is constructed of steel, stone, concrete, wood, and glass, and is a premier example of National Park Service rustic architecture. It was declared a National Historic Landmark in 1987.
Fish Camp is a census-designated place in Mariposa County, California, United States. It is located 18 miles (29 km) east of Mariposa, at an elevation of 5,062 feet (1,543 m). The population was 49 at the 2020 census. The ZIP Code is 93623, and the community is inside area code 559.
The Cliff House is a neo-classical style building perched on the headland above the cliffs just north of Ocean Beach, in the Outer Richmond neighborhood of San Francisco, California. The building overlooks the site of the Sutro Baths ruins, Seal Rocks, and is part of the Golden Gate National Recreation Area, operated by the National Park Service (NPS). The Cliff House is owned by the NPS; the building's terrace hosts a room-sized camera obscura.
The Wawona Hotel is a historic hotel located within southern Yosemite National Park, in California. It was declared a National Historic Landmark in 1987, and is on the National Register of Historic Places.
Badger Pass Ski Area is a small ski area located within Yosemite National Park. Badger Pass is one of only three lift serviced ski areas operating in a US National Park. It is situated five miles (8 km) south-southeast of the Chinquapin intersection of Wawona Road with Glacier Point Road in the southern area of Yosemite National Park. Glacier Point Road provides the access to this ski area. During high snow level and/or ski season, Glacier Point road terminates at Badger Pass Ski Resort. Under these conditions, the remainder of Glacier Point Road is used for cross-country skiing access to Glacier Point and other destinations in the high country.
Asilomar Conference Grounds is a conference center built for the Young Women's Christian Association (YWCA). It is located east of what was known as Moss Beach on the western tip of the Monterey Peninsula in Pacific Grove, California. Between 1913 and 1929 architect Julia Morgan designed and built 16 of the buildings on the property, of which 11 are still standing. In 1956 it became part of the State Division of Beaches and Parks of California's Department of Natural Resources, and Moss Beach was renamed Asilomar State Beach. Asilomar is a derivation of the Spanish phrase asilo al mar, meaning asylum or refuge by the sea. It is the native homeland of the Rumsen Ohlone people.
Intangible asset finance, also known as "IP finance", is the branch of finance that uses intangible assets such as intellectual property and reputation to gain access to credit. Like other areas of finance, intangible asset finance is concerned with the interdependence of value, risk, and time.
Aramark is an American food service and facilities services provider to clients in areas including education, prisons, healthcare, business, and leisure. It operates in North America and an additional 14 countries, including the United Kingdom, Germany, Chile, the Republic of Ireland, and Spain.
Curry Village is a campground in Mariposa County, California in Yosemite National Park within the Yosemite Valley.
Chinquapin is a former settlement in Mariposa County, California. It was located 8.5 miles (14 km) north-northwest of Wawona. It is located within Yosemite National Park, adjacent to the community of Yosemite West. Chinquapin is the midway point between Yosemite Valley and Wawona, a community inside the park.
Yosemite Lodge at the Falls, often referred to informally within the Park as "The Lodge" is located in western Yosemite Village, Yosemite National Park, Mariposa County, California. The lodging accommodation is close to Yosemite Falls.
The High Sierra Camps are nine rustic lodging facilities located in two national parks and a national monument in California's Sierra Nevada mountain range. Open most years from June or July to September, they are staffed camps with tent cabins and food service facilities. The backcountry camps receive their supplies by pack mules.