Vail Resorts To Buy Stevens Pass Ski Area

Vail Resorts To Buy Stevens Pass Ski Area

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Vail Resorts To Buy Stevens Pass Ski Area

 

Vail Resorts has announced the purchase of Stevens Pass in Washington State. The news comes as Vail Resorts also announced the purchase of Crested Butte, Okemo, and Mount Sunapee

In a statement Vail Resorts said, “Stevens Pass gives the company two resorts in the Pacific Northwest after the 2016 acquistion of Whistler-Blackcomb, British Columbia.”

The statement went on to praise the vibrant PNW winter sports market: “Stevens is a remarkable 1,200-acre ski area near Seattle with great terrain and night skiing. In the 90s it offered uncrowded skiing between day and night skiing that was perfect for the 82-mile trip up from the city.”

Deal Highlights:

  • Vail Resorts will acquire Triple Peaks, LLC, the parent company of Okemo Mountain Resort in Vermont, Mount Sunapee Resort in New Hampshire, and Crested Butte Mountain Resort in Colorado.
  • In a separate transaction, Vail Resorts will acquire Stevens Pass Resort in Washington State.
  • Upon closing, Epic Pass and Whistler Blackcomb Edge Card products will now include additional access to all four resorts for the 2018-19 winter season, providing even more variety and options in New England, Colorado, and the Pacific Northwest.
  • Vail Resorts plans to invest $35 million in total capital across the four resorts over the next two years.

Find the entire press release here: VAIL RESORTS TO ACQUIRE OKEMO MOUNTAIN RESORT, MOUNT SUNAPEE RESORT, CRESTED BUTTE MOUNTAIN RESORT, AND STEVENS PASS RESORT IN TWO TRANSACTIONS

 

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