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Vail Acquires 17 More Ski Resorts

[…The highest profile spots in the collection are Hunter Mountain in New York, which has long been the closest major mountain to the New York city tri-state metro area, the place many Big Apple residents up skiing; Attitash, Wildcat and Crotched Mountains, a trio of major New Hampshire ski resorts serving the Boston market; and Mt. Snow, the southernmost major resort in Vermont and the closest of the top New England resorts, which in turn are by far the best skiing in the Eastern half of the United States, to New York City. In terms of the ultra-desirable New York market, Vail could not have picked up two better positioned resorts than Hunter and Mt. Snow, and now basically has no rival in this region, since there is nothing comparable to these for any competitor to buy, and Vail already owns Stowe and Okemo in Vermont, two of the Northeast’s best and most popular big resorts. The other Peak properties in the deal include:

Liberty Mountain Resort, Roundtop Mountain Resort, Whitetail Resort, Jack Frost and Big Boulder in Pennsylvania; Alpine Valley, Boston Mills, Brandywine and Mad River Mountain in Ohio; Hidden Valley and Snow Creek in Missouri; Paoli Peaks in Indiana.

“We are incredibly excited to have the opportunity to add such a powerful network of ski areas to our Company,” said Rob Katz, chairman and chief executive officer of Vail Resorts, via release. “The acquisition fully embodies our philosophy of Epic for Everyone, making skiing and riding more accessible to guests across the U.S. and around the world.”

Timothy Boyd, president and chief executive officer of Peak Resorts, said, “Vail Resorts has a proven track record of celebrating the unique identity of its resorts, while continually investing in the guest and employee experience. For this reason, we are confident that our resorts and employees will continue to thrive within the Vail Resorts network.” …]

For full article, please visit Forbes.com