Colorado-based Vail Resorts announced today that it entered an agreement to acquire Vermont’s Stowe Mountain Resort from the Mount Mansfield Company for $50 million.
The deal has Vail Resorts acquiring all of the assets related to the mountain operations at Mount Mansfield and Spruce Peak, including base area skier services (food and beverage, retail and rental, lift ticket offices and ski and snowboard school facilities). Other facilities such as the Stowe Mountain Lodge, Stowe Mountain Club, Stowe Country Club will be retained by the Mount Mansfield Company.
Vail Resorts will be integrating Stowe Mountain Resort into its Epic Pass and other season pass products for the 2017-18 winter season. Mountain Collective passholders will continue to be able to use their passes at Stowe this winter. Other operations at Stowe will remained unchanged for the remainder of the 2016-17 ski season.
What do you guys think about Vail’s first big northeast move? Reply in the comments below.