vail resorts
Vail Resorts Closes Acquisition of Seven Springs Mountain Resort, Hidden Valley Resort and Laurel Mountain Ski Area in Pittsburgh Area
Vail Resorts, Inc. | January 3, 2022
BROOMFIELD, CO - January 3, 2021 - Vail Resorts, Inc. today announced that the Company has closed on its acquisition of Seven Springs Mountain Resort, Hidden Valley Resort and Laurel Mountain Ski Area in Pennsylvania. The Company purchased the resorts, including the ski areas, a hotel, conference center and other related operations, from Seven Springs Mountain Resort, Inc. and its affiliates for a final purchase price of approximately $118 million, including customary closing purchase price adjustments. Seven Springs, Hidden Valley and Laurel Mountain join Vail Resorts' network of now 40 resorts worldwide. Operations at the three r...
Vail Resorts to Acquire Seven Springs Mountain Resort, Hidden Valley Resort and Laurel Mountain Ski Area in Pittsburgh Area
Vail Resorts, Inc. | December 8, 2021
BROOMFIELD, CO - December 8, 2021 - Vail Resorts, Inc. announced today that it has entered into an agreement to purchase Seven Springs Mountain Resort in Pennsylvania from Seven Springs Mountain Resort, Inc. As a part of the acquisition, Vail Resorts will also acquire Hidden Valley Resort and the operations of Laurel Mountain Ski Area. The purchase price for the ski areas, plus a hotel, conference center and other related operations, is approximately $125 million, subject to certain adjustments. "We are incredibly excited to have the opportunity to add Seven Springs to our family of resorts along with Hidden Valley and Laur...
Vail Resorts Appoints Kirsten Lynch as CEO
Vail Resorts, Inc. | August 11, 2021
BROOMFIELD, CO – August 11, 2021 – Vail Resorts, Inc. today announced that Kirsten Lynch, the Company's chief marketing officer, will be appointed chief executive officer and elected to the Company's board of directors, effective November 1, 2021. At that time, Rob Katz, the Company's current chief executive officer, will be appointed executive chairperson of the board and remain fully active and engaged in Vail Resorts' key strategic decisions and priorities. Additionally, at that time, Ryan Bennett, currently vice president of marketing, lift revenue, will be named chief marketing officer of Vail Resorts. Lynch joined Vail Reso...
Vail Resorts Promotes Timothy April to Senior Vice President and Chief Information Officer
Vail Resorts, Inc. | September 26, 2018
BROOMFIELD, Colo., Sept. 26, 2018 -- Vail Resorts, Inc. (NYSE: MTN), today announced that Timothy April, currently Vice President of Information Technology and Guest Experience, has been promoted to Senior Vice President and Chief Information Officer, effective October 29, 2018. April will join the Vail Resorts Executive Committee and oversee all facets of technology for the Company, including innovative enhancements to the guest experience and best-in-class systems throughout the Company's operations. April replaces Robert Urwiler, who is retiring after 12 years with Vail Resorts. "We have spent more than a decade pioneering t...
Park City’s Grand Summit Hotel to Undergo Extensive $15 Million Renovation and be Flagged by RockResorts
March 17, 2017
A combined effort between the property's homeowner's association and Vail Resorts will encompass the renovation of all units, as well as the lobby, conference and meeting spaces, café and spa. Grand Summit Hotel to be flagged as a RockResort, Vail Resorts' premier lodging collection BROOMFIELD, Colo. – March 17, 2017 – Grand Summit Hotel, Canyons Village at Park City's premier lodging property, will undergo an extensive $15 million renovation this spring and subsequent flagging as a RockResorts property. The renovations will bring the hotel up to par with both its unrivaled location at the base of the largest ski res...
Vail Resorts Enters Agreement to Acquire Stowe Mountain Resort in Stowe, Vermont for $50 Million
Vail Resorts | February 21, 2017
BROOMFIELD, Colo., Feb. 21, 2017 / Vail Resorts, Inc. (NYSE: MTN) today announced that on Feb. 17, 2017, it entered an agreement to acquire Stowe Mountain Resort from Mt. Mansfield Company, Inc. (MMC), a wholly owned subsidiary of American International Group, Inc. (AIG), for a purchase price of $50 million, subject to certain adjustments. Stowe Mountain Resort will be Vail Resorts' first mountain resort on the East Coast and complements the Company's network of 10 world-class mountain resorts and three urban ski areas. This acquisition brings together Vail Resorts, the world's leading mountain resort operator, with AIG Glob...
Vail Resorts Announces Sale, Management Agreement and Rebranding of The Inn at Keystone to Hyatt Place Keystone
Realty Capital Partners | November 17, 2016
KEYSTONE, Colo., Nov. 17, 2016 -- Vail Resorts announced today the sale of the Inn at Keystone to Dallas-based Realty Capital Partners (RCP). Vail Resorts will continue to manage the property under a management agreement with RCP. The property will be rebranded to Hyatt Place Keystone in summer 2017 following a significant renovation and repositioning. The rebranding will mark the first significant hotel brand in Keystone, Colo. The property, which currently comprises 103 guest rooms, rooftop hot tubs and an on-site restaurant and bar, is situated between Lakeside Village and River Run Village and is just a short walk to the Mountain Ho...
Vail Resorts and Whistler Blackcomb Receive Regulatory Approval on Acquisition
Vail Resorts, Inc. | October 10, 2016
BROOMFIELD, CO and WHISTLER, BC, Oct., 2016 - Vail Resorts, Inc. (NYSE: MTN) ("Vail Resorts") and Whistler Blackcomb Holdings Inc. (TSX: WB) ("Whistler Blackcomb") today announced that the Supreme Court of British Columbia has granted a final order approving the previously announced proposed strategic combination joining Whistler Blackcomb with Vail Reports by way of an arrangement under the Business Corporations Act (British Columbia). The granting of the final order follows the approval of the strategic combination by Whistler Blackcomb shareholders on October 5, 2016. As previously announced on October 5, 2016, no...
