ACRO Global Tourism Marketer Articles: Vail Resorts to buy Seven Springs, Hidden Valley, Laurel Mountain ski areas

Vail Resorts has announced in a media release that it has inked an agreement to buy Seven Springs Mountain Resort, along with Hidden Valley Resort and the operations of Laurel Mountain Ski Area - all in the Pittsburgh, PA area. Vail will be paying around $125M for the 3 ski areas plus a hotel, conference center and other related operations.

Seven Springs Mountain Resort, Inc. will retain some neighboring operations, including Highlands Market, Sporting Clays at Seven Springs, Seven Springs Golf Course and Hidden Valley Golf Club, Highlands Resort Realty and other real estate reserved for future development.

The deal is expected to close sometime in winter 2021-2022 and operations are planned to continue as usual. Vail plans to add the 3 PA resorts to its Epic Pass product lineup for winter 2022-2023.

Vail Resorts' subsidiaries operate 37 mountain resorts and regional ski areas, including:

In Vermont: Stowe, Mount Snow and Okemo
In New Hampshire: Mount Sunapee, Attitash, Wildcat and Crotched

Vail Resorts is a publicly held corporation (NYSE: MTN).

Website	Visit Website http://www.vailresorts.com/
Rating	80/5 1 2 3 4 5 4/5 based on 1 vote. Show Individual Votes
Views	57 views. Averaging 57 views per day.
Related Articles	NH BEA names Scott Crowder Director of Outdoor Recreation Industry Development NH Office of Outdoor Recreation offered federal grant Dirk Gouwens selected to succeed Greg Sweetser as Ski Maine Association Executive Director Arctaris closes on purchase of Saddleback Maine for $6.5M Vail Resorts to acquire Peak Resorts for $11/share MA Senate bill would establish Office of Outdoor Recreation Stowe Area Association and VT Ski & Snowboard Museum seeking new heads Maine Office of Outdoor Recreation expected to become part of DECD once 2020 budget is passed NH Senate Bill 234 would establish Director of Outdoor Recreation Industry Development Vermont Outdoor Business Alliance to support State in promoting outdoor recreation

Quick Reply
Your Name:
Your Comment: You may use BB Codes in your message.	<p></p>
Spam Prevention: