Vail Resorts acquires Okemo, Mount Sunapee, Crested Butte, and Stevens Pass ski areas - SNEWS

Vail Resorts acquires four ski resorts

The acquisitions add to the Colorado-based owner of other ski areas, which will be accessible with the Epic Pass and Whistler Blackcomb Edge Card.
Author:
Publish date:
Snow on Crested Butte

Vail Resorts acquires Crested Butte and three other ski resorts.

Vail Resorts just got even bigger with the acquisition of four ski resorts.

The Colorado-based owner of ski areas announced Monday morning that it has entered into a purchase agreement with Triple Peaks, the parent company of Okemo in Vermont, Mount Sunapee in New Hampshire, and Crested Butte in Colorado.

The company is also purchasing Stevens Pass in Washington state.

The total spending for all deals—expected to close this summer—is more than $300 million.

The acquisitions add to Vail’s roster of resorts accessible through the Epic Pass, including Vail, Beaver Creek, Breckenridge, and Keystone in Colorado; Heavenly, Kirkwood, and Northstar in California; Mt. Brighton in Michigan; Park City in Utah; Afton Alps in Minnesota.

In February 2017, Vail bought Stowe Mountain Resort in Vermont—its first East Coast ski area.

Emma is Vail Resorts' newest employee and she has an answer for every question you text her. 

“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. “We care deeply about the legacy of these resorts, and have absolute confidence in Vail Resorts to celebrate what makes them so special, while also providing long-term stability for the communities.”

Upon closing, Epic Pass and Whistler Blackcomb Edge Card products will include access to all four resorts for the 2018-19 winter season.

Over the next two years, Vail plans to invest $35 million across the four resorts and ongoing capital expenditures are expected to increase by $7 million to support the addition of these four resorts.    

Related

The Abandoned film

UPDATE: Colorado's abandoned ski areas

With more than 100 abandoned ski areas in Colorado—old ski runs left like scars on the mountains—the film crew at The Road West Traveled seeks to tell the stories of a few in the future ski documentary, Abandoned.The film will be released this fall, and Lio Delpiccolo said the ...read more

Wind Turbines in Turlock, California

Study: The greenest states in the U.S.

Vermont is doing the best at loving Mother Earth and West Virginia is doing the worst, according to a new survey by WalletHub that ranked all 50 states based on the current health of the environment and residents’ environmental-friendliness."Without a doubt, the bar for being ...read more