Vail Resorts’ mountain portfolio will grow to 40 with the acquisition of Seven Springs Mountain Resort, Hidden Valley Resort and Laurel Mountain in Western Pennsylvania for approximately $125 million. Combined, the three ski areas feature 15 chairlifts and 450 acres of skiable terrain. They are currently held by the Nutting family, which also owns the Pittsburgh Pirates. Seven Springs Mountain Resort, Inc. will retain select adjoining operations, including the Seven Springs Golf Course and certain real estate for potential future development.
Vail Resorts now operates eight mountains in Pennsylvania, the most of any state. “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.”
The transaction is expected to close this winter, however, operations at the three resorts for the 2021-22 winter season will continue normally. Vail Resorts plans to add the three resorts to select Epic Pass products for the 2022-23 season.