Vail Resorts has entered into an settlement to buy Seven Springs Mountain Resort in Pennsylvania.
As part of the acquisition, Vail Resorts can even purchase Hidden Valley Resort and the operations of Laurel Mountain Ski Area.
The buy worth for the ski areas, plus a resort, convention centre and different associated operations, is roughly $125 million, topic to sure changes.
“We are incredibly excited to have the opportunity to add Seven Springs to our family of resorts along with Hidden Valley and Laurel Mountain,” stated Kirsten Lynch, chief govt of Vail Resorts.
“As a company, we have been focused on acquiring resorts near major metropolitan areas as we know many skiers and riders build their passion for the sport close to home.
“These great ski areas in Pennsylvania are a perfect complement to our existing resorts, creating a much stronger connection and compelling offering to our current and future guests in Pittsburgh as well as those in other critical markets such as Washington, DC, Baltimore and Cleveland.”
Seven Springs is Pennsylvania’s premier four-season household resort.
It is situated one hour southeast of Pittsburgh and is among the many largest ski resorts in Pennsylvania with 285 skiable acres and 750 vertical toes.
In addition to snowboarding and snowboarding, Seven Springs provides important resort facilities, together with a 418-room resort, convention centre, a full-service spa and tubing.
Hidden Valley provides 110 skiable acres and 470 vertical toes, with 26 slopes and trails and two terrain parks.
Laurel Mountain provides 70 skiable acres and 761 vertical toes.