Your World of Legal Intelligence
 United Kingdom | +44 (0) 20 7284 8080

Vail Resorts Closes its USD 118m Acquisition Pittsburgh Area Resorts.

Document Cited in Related
Vincent

MANews-(C)2009-2022

US-based mountain resort operator Vail Resorts, Inc. (NYSE: MTN) has closed on its acquisition of Seven Springs Mountain Resort, Hidden Valley Resort and Laurel Mountain Ski Area in Pennsylvania, the company said.

The company purchased the resorts, including the ski areas, a hotel, conference center and other related operations, from Seven Springs Mountain Resort, Inc. and its affiliates for a final purchase price of approximately USD 118m, including customary closing purchase price adjustments.

Seven Springs, Hidden Valley and Laurel Mountain join Vail Resorts' network of now 40 resorts worldwide.

Operations at the three resorts for the 2021-22 winter season will continue in the ordinary course of business.

Vail Resorts plans to add access to the three resorts to select Epic Pass products for the 2022-23 North American ski and ride season.

This will provide a regional destination for Epic Pass Holders in Pittsburgh as well as those in other critical markets such as Washington, DC, Baltimore and Cleveland, who will be able to ski more resorts close to home and visit world-class mountains out west all with one pass.

Seven Springs is a four-season...

To continue reading

Request your trial
COPYRIGHT Normans Media Ltd.

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT