Vail Resorts Buys Adjoining Lake Tahoe Kirkwood in $18 Million Transaction
The purchase gives Vail control of three mountain ski resorts in the Lake Tahoe region, including Heavenly Mountain Resort and Northstar California, the Broomfield, Colorado-based company said today in a statement. The deal is expected to be completed in the next month.
Heavenly and Northstar pass holders will have access to Kirkwood, effective immediately. Kirkwood pass holders will be able to ski and snowboard at Heavenly and Northstar.
“When combined with Heavenly and Northstar, we will be able to offer our guests and pass holders unparalleled value with the very best that Lake Tahoe has to offer,” Rob Katz, chairman and chief executive officer of Vail Resorts, said in the statement.
To contact the reporter on this story: Oshrat Carmiel in New York at email@example.com
To contact the editor responsible for this story: Daniel Taub at firstname.lastname@example.org
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.