Vail Resorts purchases Stowe Mountain Resort in Vermont

Posted at 1:04 PM, Jun 08, 2017
and last updated 2017-06-08 15:04:22-04

VAIL, Colo. (AP) — Vail Resorts has closed a $41 million deal to purchase Stowe Mountain Resort in Vermont.

The Denver Post reports the company announced the purchase Wednesday. Stowe will be Vail's first resort on the East Coast and its 13th ski-area property.

The resort will be included on the 2017-2018 winter EPIC pass, a $859 season pass that offers customers access to 45 resorts across the world. This will be a big difference for Vermont skiers and snowboarders, who last year had to pay $2,000 for season passes at Stowe.

Vail Resorts acquired all of the assets related to the mountain operations of the resort, including base area skier services such as lift-ticket offices, retail and rental spaces, and ski and snowboard school facilities.