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Vail Resorts just got even bigger with the acquisition of four ski resorts.
The Colorado-based owner of ski areas announced Monday morning that it has entered into a purchase agreement with Triple Peaks, the parent company of Okemo in Vermont, Mount Sunapee in New Hampshire, and Crested Butte in Colorado.
The company is also purchasing Stevens Pass in Washington state.
The total spending for all deals—expected to close this summer—is more than $300 million.
The acquisitions add to Vail’s roster of resorts accessible through the Epic Pass, including Vail, Beaver Creek, Breckenridge, and Keystone in Colorado; Heavenly, Kirkwood, and Northstar in California; Mt. Brighton in Michigan; Park City in Utah; Afton Alps in Minnesota.
In February 2017, Vail bought Stowe Mountain Resort in Vermont—its first East Coast ski area.
“We know our guests and employees will benefit from Vail Resorts’ outstanding track record of resort and community investment, environmental stewardship, and employee development,” said Tim Mueller, president of Triple Peaks. “We care deeply about the legacy of these resorts, and have absolute confidence in Vail Resorts to celebrate what makes them so special, while also providing long-term stability for the communities.”
Upon closing, Epic Pass and Whistler Blackcomb Edge Card products will include access to all four resorts for the 2018-19 winter season.
Over the next two years, Vail plans to invest $35 million across the four resorts and ongoing capital expenditures are expected to increase by $7 million to support the addition of these four resorts.