Vail Resorts Closes Acquisition of 3 Pennsylvania Ski Resorts Vail Resorts, Inc. announced that the Company has closed on its acquisition of Seven Springs Mountain Resort, Hidden Valley Resort, and Laurel Mountain Ski Area in Pennsylvania. 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 $118 million, […] Industry News SnowBrains | January 5, 2022 5 Comments
Mission Ridge Ski and Board Resort, WA, Completes Acquisition of Montana Ski Area Mission Ridge Ski and Board Resort, WA, announced yesterday that they will purchase Blacktail Mountain Ski Area, MT. The Blacktail ownership will transfer immediately and all the staff will be retained, reports NBC Montana. Today we are excited to jointly announce the purchase of Blacktail Mountain Ski Area by Mission Ridge Ski & Board Resort. “We are really excited to get […] Industry News SnowBrains | November 19, 2021 0 Comments
Vail Resorts’ Acquisition of Peak Resorts Gets Overwhelming Approval from Shareholders Peak Resorts, Inc. announced Friday that the Company’s shareholders, at a special meeting, approved the merger agreement for the acquisition of the Company by Vail Resorts, Inc. Under the terms of the merger agreement, Peak Resorts’ common shareholders will be entitled to receive $11.00 per share in cash at the closing of the acquisition. Related: Mount Snow, VT Investor Files […] Industry News SnowBrains | September 24, 2019 0 Comments
Vail Resorts Agrees $264-Million Deal to Acquire Peak Resorts, Owner of 17 US Ski Areas Vail Resorts, Inc today announced it has entered into a definitive merger agreement to acquire 100 percent of the outstanding stock of Peak Resorts, Inc. subject to certain conditions, including regulatory review and Peak Resorts’ shareholder approval, in a deal worth $264-million. Related: Vail Resorts Recognized as One of ‘America’s Best Employers’ for Fourth Successive Year Through the acquisition, Vail […] Industry News SnowBrains | July 22, 2019 0 Comments
Canadian Hospitality Company in Talks to Acquire Alyeska Resort, Alaska It is being reported that Alyeska Resort, Alaska is under contract to sell the Hotel Alyeska and popular Girdwood ski area to Canadian hospitality company Pomeroy Lodging for an undisclosed price. That means the hotel, resort, and land, according to Alyeska spokesman Eric Fullerton. Alyeska Resort and the 300-room Hotel Alyeska are about 40 miles southeast of Anchorage. Alyeska mountain is part of the Chugach […] Industry News SnowBrains | October 12, 2018 0 Comments
Midwest and Northeast Operator ‘Peak Resorts’ to Acquire Three PA Resorts in $76-Million Deal Peak Resorts, the Missouri based owner of 14 midwest and northeast ski resorts today announced that it will be purchasing Snow Time, owner of 3 Pennsylvanian resorts, for $76-million. The three resorts, Liberty Mountain, Roundtop Mountain, and Whitetail resort are all within driving distance of the Baltimore-Washington D.C. area, and will immediately join the ‘Peak Pass‘ for the upcoming 2018/19 […] Industry News SnowBrains | September 24, 2018 0 Comments
Vail Resorts’ Proposed Takeover of Mt. Sunapee On Hold as it Requires State Approval Vail announced on June 4 that it would be acquiring the operating rights to three ski areas owned by the Mueller family: Sunapee, Okemo in Vermont and Crested Butte in Colorado, but according to the Attorney General, the proposed takeover of Mount Sunapee will require New Hampshire state approval before the deal can proceed, slowing Vail’s procurement. The deal would […] Industry News Steven Agar | June 20, 2018 1 Comment
Former Owner of Crested Butte, CO Pens Open Letter Explaining Decision to Sell to Vail Resorts Vail Resorts announced yesterday that they are snapping up two of the last family-owned resorts in Vermont and Colorado, from Triple Peak, LLC. Triple Peak, LLC owners, the Mueller family, yesterday released their own statement explaining why they sold to Vail after operating the resorts for 36-years and attempted to quell concerns and reservations over selling out to a big […] Industry News SnowBrains | June 5, 2018 1 Comment
Industry News
