Vail snaps up three extra US ski resorts
Vail Resorts has entered into an settlement to buy Seven Springs Mountain Resort in Pennsylvania.
As part of the acquisition, Vail Resorts will even purchase Hidden Valley Resort and the operations of Laurel Mountain Ski Space.
The acquisition value for the ski areas, plus a resort, convention centre and different associated operations, is roughly $125 million, topic to sure changes.
“We’re extremely excited to have the chance so as to add Seven Springs to our household of resorts together with Hidden Valley and Laurel Mountain,” stated Kirsten Lynch, chief government of Vail Resorts.
“As an organization, we’ve been targeted on buying resorts close to main metropolitan areas as we all know many skiers and riders construct their ardour for the game near residence.
“These nice ski areas in Pennsylvania are an ideal complement to our present resorts, making a a lot stronger connection and compelling providing to our present and future company in Pittsburgh in addition to these in different essential markets resembling Washington, DC, Baltimore and Cleveland.”
Seven Springs is Pennsylvania’s premier four-season household resort.
It’s positioned one hour southeast of Pittsburgh and is among the many largest ski resorts in Pennsylvania with 285 skiable acres and 750 vertical ft.
Along with snowboarding and snowboarding, Seven Springs affords vital resort facilities, together with a 418-room resort, convention centre, a full-service spa and tubing.
Hidden Valley affords 110 skiable acres and 470 vertical ft, with 26 slopes and trails and two terrain parks.
Laurel Mountain affords 70 skiable acres and 761 vertical ft.
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