Vail Resorts has purchased Park City Mountain Resort for $182.5 million in cash, creating the country’s largest ski resort covering more than 7,000 acres.
The Colorado resort announced the acquisition Thursday morning, adding that the sale resolves all litigation with Powdr Corp., Park City Mountain Resort’s parent company.
Vail said PCMR and Canyons Resort, which it operates for Talisker Land Holdings, would be combined for the 2015-16 season. But PCMR will be added immediately to the resort’s popular Epic Pass, which offers passholders skiing opportunities at all of Vail’s resorts in the United States — plus a few ski areas overseas.
The purchase involves about 687,000 square feet of residentially and commercially owned property owned by Powdr Corp. at the resort base. It does not include Gorgoza, a tubing hill just below Parleys Summit.
http://www.sltrib.com/sltrib/news/58402188-78/resort-vail-mountain-park.html.csp
I am so fucking furious about this.
