Vail Resorts announced that it will be purchasing an additional four resorts to add to their Epic regime.
Vail is planning to acquire Triple Peaks, LLC which is the parent company of Okemo Mountain Resort in Vermont, Mount Sunapee Resort in New Hampshire, and Crested Butte Mountain Resort in Colorado for a purchase price of $82 million. “We know our guests and employees will benefit from Vail Resorts’ outstanding track record of resort and community investment, environmental stewardship, and employee development,” said Tim Mueller, president of Triple Peaks, LLC.
In a separate transaction, Vail will also be purchasing Stevens Pass Stevens Resort in Washington from Ski Resort Holdings, LLC for the price of $67 million. This will be the first move by Vail Resorts in to the Pacific Northwest resort market.
After the transactions close, Vail plans to invest $35 million across all four resorts over the next two to “elevate the guest experience.” Summer operations for the remainder of 2018 will continue business as normal. The 2018-19 Epic Pass, Epic Local Pass, Epic Australia Pass, and Epic Military Pass will now include unlimited and unrestricted access to all four resorts.
These additional purchases will bring the total number of Vail-owned resorts to twenty-one. Who will Vail buy next?
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