BREAKING: Vail Resorts Announces Plan To Buy Stowe For $50 MILLION!

BREAKING: Vail Resorts Announces Plan To Buy Stowe For $50 MILLION!

Stowe

BREAKING: Vail Resorts Announces Plan To Buy Stowe For $50 MILLION!

Photo:

Stowe Mountain Resort | Photo: Stevage | Cover Photo: Mark Goebel

Vail Resorts announced this morning that it will buy Stowe Mountain Resort for $50 million according to a press release.

Related: The 10 Most Expensive Season Passes In North America [Early Bird Deals Excluded]

Speculation about the purchase began in late January when reps for Vail Resorts visited the classic, Vermont ski area. The purchase marks a sea change for the Broomfield, Colorado company, which has never owned an east coast ski area.

“We’re thrilled to add Stowe Mountain Resort to our family of world-class mountain resorts. With the investments in both mountain infrastructure and base area facilities that AIG has made over the years, Stowe Mountain Resort has become the premier, high-end resort for East Coast skiers and snowboarders.” – Rob Katz, Vail Resorts CEO

By acquiring the Mt. Mansfield Company, Inc. (MMC), Vail Resorts is entering into an agreement with industry giant, AIG Global Real Estate. Vail Resorts will work with AIG to foster future development opportunities but their main focus will be placed on resort operations.

Pending closing details on the deal, Vail will add Stowe to its Epic Pass for the coming ski season.

Mountain Stats

  • Vertical Drop – 2,360′
  • Average Annual Snowfall – 314″
  • Total Number of Trails – 116
  • Skiable Acres – 485
  • Lifts – 12

Find out more here: Vail Resorts to Acquire Stowe Mountain Resort in Stowe, Vermont

 

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