Vail Resorts announces acquisition plans

Vail Resorts, which operates the Grand Teton Lodge Company at Grand Teton National Park, has announced it will acquire Triple Peaks, LLC, the parent company of Okemo Mountain Resort in Vermont, Mount Sunapee Resort in New Hampshire, and Crested Butte Mountain Resort in Colorado.

The company will acquire Stevens Pass Resort in Washington state under a separate deal.

Vail Resorts said it plans to invest $35 million in total capital across the four resorts over the next two years.

“Together, the acquisitions of Okemo, Mount Sunapee, Crested Butte, and Stevens Pass will significantly enhance the Vail Resorts’ network of resort experiences, adding even more variety and choice for all of our pass holders and guests. Okemo and Mount Sunapee are terrific complements to Stowe in the Northeast, as is Crested Butte to our four Colorado resorts, and Stevens Pass for our Whistler Blackcomb and Seattle guests,” said Rob Katz, chairman and chief executive officer of Vail Resorts. “Additionally, each of these resorts will individually offer guests from around the world entirely new and distinctive experiences in extraordinary locations from coast to coast.”

The company’s other properties include Park City, Keystone, Vail, Breckenridge, and many more of the nation’s top resorts across the country.

You can learn more here.