It is also only the second pickup by one of the big four U.S. This is Vail’s first acquisition since purchasing the 17-mountain Peak Resorts portfolio in July 2019, and the first since new CEO Kirsten Lynch took over for longtime CEO Rob Katz last month.
These great ski areas in Pennsylvania are a perfect complement to our existing resorts, creating a much stronger connection and compelling offering to our current and future guests in Pittsburgh as well as those in other critical markets such as Washington, D.C., Baltimore and Cleveland.”
“As a company, we have been focused on acquiring resorts near major metropolitan areas as we know many skiers and riders build their passion for the sport close to home. “We are incredibly excited to have the opportunity to add Seven Springs to our family of resorts along with Hidden Valley and Laurel Mountain,” said Kirsten Lynch, chief executive officer of Vail Resorts. The three mountains give Vail a powerful story to tell in the Midwest and Mid-Atlantic, dropping destination-caliber terrain within easy driving distance of its existing Ohio and Pennsylvania ski areas and half a dozen large cities. Seven Springs is widely considered one of the top ski resorts in the state and region, and the flagship of the three-mountain portfolio. The three western Pennsylvania ski areas are jointly owned and managed by Seven Springs Mountain Resort, Inc., part of the business empire of Pittsburgh Pirates owner Robert Nutting. The $125 million deal would give the Colorado-based company control of eight of the state’s 22 public ski areas and a total portfolio of 40 ski areas in North America and Australia. Alternatively, book your Denver to Vail Taxi here.Vail Resorts on Wednesday announced its intention to purchase Seven Springs and Hidden Valley ski areas in Pennsylvania, and to assume operations of state-owned Laurel Mountain. Check out our fleet of Cadillac Escalades. What does that mean for you? Read more at Īre you planning to ski in Vail this winter? Make sure you book your transportation in advance with Blue Sky Limo.
The largest ski resort operator in the U.S., Vail Resorts, will be buying another big company. Vail Resorts announced a $264 million deal to take over 17 new areas across the country. As a result of the purchase, Colorado-based Vail Resorts will own nearly 40 ski properties, the press release said. Peak Resorts currently owns 17 ski areas in the U.S., including some in New Hampshire and Vermont. For this reason, we are confident that our resorts and employees will continue to thrive within the Vail Resorts network.” For additional info visit. Timothy Boyd, president and chief executive officer of Peak Resorts, said, “Vail Resorts has a proven track record of celebrating the unique identity of its resorts, while continually investing in the guest and employee experience. Hidden Valley and Snow Creek in Missouri.Alpine Valley, Boston Mills, Brandywine and Mad River Mountain in Ohio.Liberty Mountain Resort, Roundtop Mountain Resort, Whitetail Resort, Jack Frost and Big Boulder in Pennsylvania.Attitash Mountain Resort, Wildcat Mountain and Crotched Mountain in New Hampshire.Louis, Kansas City and Louisville, the new ski areas include: Located near major metropolitan areas, including New York, Boston, Washington, D.C., Baltimore, Philadelphia, Cleveland, Columbus, St. Through this amazing acquisition, Vail Resorts will add 17 resorts to its network of world-class resorts. Vail Resorts announced this Monday that it has entered into a definitive merger agreement to acquire 100 percent of the outstanding stock of Peak Resorts, Inc. Have you heard exiting news? More Ski Resorts are now available with the Epic Pass purchase.
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