Global market leaders Vail Resorts continue their shopping spree with the 264-million Dollar acquisition of Peak Resorts, adding 17 new ski areas to their portfolio. The new resorts are among the smaller ones in the US, located in the East and Midwest close to large metropolitan areas like New York, Washington DC or Philadelphia.
The acquisition extends the number of resort operated by Vail Resorts from 20 to 37 ski areas. They are located in the Eastern states of Vermont, New York, New Hampshire, Pennsylvania, Ohio, Missouri and Indiana. The company announced its intentions to invest 15 million Dollars in the new resorts over the course of the next two years.
Vail Resorts' new ski areas:
The former Peak ski areas diversify Vail Resorts' portfolio, which largely consisted of ski resorts in the West of the US. Ski areas operated by Vail Resorts include some famous names, such as the Colorado resorts Vail, Beaver Creek and Breckenridge.
Whistler acquired for $1 billion
Vail Resorts took control of Park City in Utah, the largest ski area in the US, five years ago. Only two years later, the company also acquired the Canadian resort Whistler Blackcomb in a billion-dollar deal (read more). The 8150-acre big area is the largest ski resort on the Northamerican continent. Perisher, Australia's largest ski area, is also controlled by the world market leader from Colorado.
For your information: Vail Resorts Epic Pass holders now have unlimited access to all of the company's ski areas.