BROOMFIELD, Colo. — On Wednesday, Vail Resorts announced that it has purchased Seven Springs Mountain Resort, Hidden Valley Resort, and Laurel Mountain Ski Area, all outside of Pittsburgh, Pennsylvania.
Vail bought the resorts from Pittsburgh Pirates Owner Robert Nutting, who also owns Ogden Newspapers. Ogden Newspapers recently acquired Swift Communications, which owns the Park Record.
“We are incredibly excited to have the opportunity to add Seven Springs to our family of resorts along with Hidden Valley and Laurel Mountain,” said Kirsten Lynch, chief executive officer of Vail Resorts. “As a company, we have been focused on acquiring resorts near major metropolitan areas as we know many skiers and riders build their passion for the sport close to home. These great ski areas in Pennsylvania are a perfect complement to our existing resorts, creating a much stronger connection and compelling offering to our current and future guests in Pittsburgh as well as those in other critical markets such as Washington, D.C., Baltimore and Cleveland.”
Vail Resorts plans to add the three resorts to select Epic Pass products for the 2022-23 North American ski and ride season.
The transaction is expected to close this winter. Vail’s stock rose over 1.5% at the end of Wednesday trading.
- vail resorts