Vail Resorts has announced that it has agreed to buy Triple Peaks, the parent company of three ski resorts in New England and Colorado, as well as another resort in Washington. The company will purchase Triple Peaks for $82 million and Stevens Pass Resort in Washington for $67 million. Vail Resorts has plans to invest $35 million into the four resorts for improvements over the next two years.
In purchasing Triple Peaks, Vail Resorts will acquire Okemo Mountain Resort near the village of Ludlow in Vermont; Mount Sunapee Resort in southern New Hampshire; and Crested Butte Mountain Resort in southwest Colorado. Stevens Pass Resort, less than 85 miles from Seattle, will be the company’s second location in the Pacific Northwest, in addition to a location in British Columbia.
Both transactions are not yet final and are still subject to certain closing conditions as well as regulatory approval. The deals are expected to close this summer, but until then operations will continue as usual. The company plans to keep the majority of the four resorts’ employees.
After closing, Vail Resorts’ Epic Pass and Whistler Blackcomb Edge Card’s benefits will extend to the four new resorts. The Whistler Blackcomb Edge Card will also cover days spent at Stevens Pass.
Not including the upcoming purchase, Vail Resorts owns 11 mountain resorts and three urban ski areas in the United States, Canada and Australia.
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