Vail Resorts announced today that it has acquired Kirkwood Mountain Resort. Let’s go over that one more time…
Vail just bought Kirkwood
Vail Resorts has agreed to purchase Kirkwood Mountain Resort for a sum of $18 million. The deal includes residential, commercial, and undeveloped property at the base of the mountain. Kirkwood will continue to be involved in the resort’s property development.
Effective immediately: Kirkwood passholders will have access to Heavenly and Northstar, the two other Tahoe ski areas owned and operated by Vail Resorts. Northstar and Heavenly passholders will also have access to Kirkwood.
Vail Resorts expects to close the deal next month contingent upon transfer of the U.S. Forest Service permit.
If the deal closes, Vail Resorts will own and operate 3 count em THREE major ski resorts in Lake Tahoe, including Heavenly Ski Resort, Northstar at Tahoe, and now Kirkwood Mountain Resort.Â