Based in Broomfield, Colorado, Vail Resorts Inc. announced on Monday that it has acquired Peak Resorts Inc., which owns Paoli Peaks and 16 other ski areas in the Midwest and Northeast. According to a Vail Resorts news release, the estimated $264 million deal is expected to close this fall as there is some pending approval from regulators and Peak Resorts’ shareholders.
Vail Resorts already owns close to two dozen mountain resorts that are likely familiar to many ski addicts, such as Vail, Breckenridge, and Keystone in Colorado; Heavenly, North-star, and Kirkwood in the Lake Tahoe area of California and Nevada; Park City in Utah; and Whistler Blackcomb in British Columbia, Canada.
The acquisition will give Paoli Peaks skiers access to the Vail Resorts “Epic Pass” and other lift ticket specials that can be used at Vail Resorts’ ski getaways around the world.
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