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.”
Vail Resorts in buying spree, acquiring Crested Butte, three other ski areas https://t.co/AG96jTrfZe pic.twitter.com/byf0SrhkBh
— Denver Biz Journal (@denbizjournal) June 4, 2018
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
