Vail Resorts has entered into an settlement to buy Seven Springs Mountain Resort in Pennsylvania.
As part of the acquisition, Vail Resorts may also purchase Hidden Valley Resort and the operations of Laurel Mountain Ski Space.
The acquisition worth 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 govt of Vail Resorts.
“As an organization, now we have been centered on buying resorts close to main metropolitan areas as we all know many skiers and riders construct their ardour for the game near dwelling.
“These nice ski areas in Pennsylvania are an ideal complement to our current 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 equivalent to 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 toes.
Along with snowboarding and snowboarding, Seven Springs presents important resort facilities, together with a 418-room resort, convention centre, a full-service spa and tubing.
Hidden Valley presents 110 skiable acres and 470 vertical toes, with 26 slopes and trails and two terrain parks.
Laurel Mountain presents 70 skiable acres and 761 vertical toes.