Main content

Vail swoops in to grab two more New England ski resorts

The ski trails of Okemo Resort, Vermont. Photo from Okemo social media feed.

Vail Resorts, Inc. announced today that it has entered into an agreement to buy Triple Peaks, LLC, the parent company of Okemo Mountain Resort in Vermont, Mount Sunapee Resort in New Hampshire, and Crested Butte Mountain Resort in Colorado. The company will purchase Triple Peaks, LLC from the Mueller family for approximately $82 million.

As part of a separate transaction, Vail Resorts will also purchase Stevens Pass Resort in Washington from Ski Resort Holdings, LLC, for a purchase price of $67 million. Both transactions are subject to certain closing conditions, including regulatory approvals.

"Okemo and Mount Sunapee are terrific complements to Stowe in the Northeast," said Rob Katz, chairman and chief executive officer of Vail Resorts. 

The transactions are expected to close this summer. At that time, the 2018-19 Epic Pass will include access to all four resorts. Vail Resorts said it will honor previously sold 2018-19 season pass products at the resorts.

Vail Resorts plans to invest $35 million over the next two years across the four resorts.

It remains to be seen who will win and who will lose with all this ski industry consolidation.

Your thoughts???

Share This Blog Post

Latest posts

Photo of a ski swap with people looking at lots of skis

SkiMaven’s 2021 list of Vermont ski swaps

Posted 9/7/21

Updated 9/22/2021 PM When there's a chill in the air and we start to reach for fleece layers, that's a sure sign that ski swaps will soon take place in Vermont! Here's our annual round-up of ski…

Photo of a skier moving through the woods with blue sky

Spring has sprung! Gotta make the most of the snow!

Posted 3/20/21

We're looking at a stretch of sunny (yay!) and warm (not so yay!) weather in Vermont. Better get out on the snow while we have it! Forty-six inches of snow at the stake atop Mt. Mansfield. That's…

Photo of mountain view while Nordic skiing on February 8

Bring on the snowstorms, March! We know you can do it!

Posted 3/3/21

Recently we've been enjoying the snow any way we can — from powdery goodness to challenging crust.  This morning after a thaw-and-freeze cycle, it was nice to cross-country ski on groomed trails with…

Photo of thick rime ice on branches in the woods

Now more than ever, we’re so grateful for snow!

Posted 2/5/21

We’ve been clicking into our skis a few times a week lately. We especially like getting out on the snow before we work from home. It's such a great way to start the day. Here in northern Vermont the…