Save this content for laterSave this content on your device for later, even while offline Sign in with FacebookSign in with your Facebook account Close

Vail Resorts buying Crested Butte, three other ski areas

By: Tony Peck
June 4, 2018 Updated: June 4, 2018 at 10:14 pm
0
Caption +
In this Gazette file photo, snowboarders ride the Paradise Lift at Crested Butte Mountain Resort. (Photo by Christian Murdock, The Gazette)

Vail Resorts will acquire Crested Butte Mountain Resort and three other ski areas, the company announced Monday.

In the biggest deal, set to close this summer, the company will buy Triple Peaks from the Mueller family for $82 million.

Triple Peaks operates Crested Butte Mountain Resort as well as the Okemo Mountain Resort in Vermont and Mount Sunapee Resort in New Hampshire.

The Muellers bought Okemo Mountain Resort in their home state of Vermont in 1982, then went on to acquire Mount Sunapee in 1998 and Crested Butte Mountain Resort in 2004.

About 400,000 people visit Crested Butte every year, enjoying 300 inches of annual snowfall over the resort's 1,500 skiable acres.

"We know our guests and employees will benefit from Vail Resorts' outstanding track record of resort and community investment, environmental stewardship, and employee development," said Tim Mueller, president of Triple Peaks. "We care deeply about the legacy of these resorts and have absolute confidence in Vail Resorts to celebrate what makes them so special, while also providing long-term stability for the communities."

In another transaction, Vail Resorts will acquire Stevens Pass Resort in Washington state.

Vail Resorts plans to invest a $35 million across the four resorts over the next two years, a spokeswoman said Monday.

Register to the Colorado Springs Gazette
Incognito Mode Your browser is in Incognito mode

You vanished!

We welcome you to read all of our stories by signing into your account. If you don't have a subscription, please subscribe today for daily award winning journalism.

Register to the Colorado Springs Gazette
Subscribe to the Colorado Springs Gazette

It appears that you value local journalism. Thank you.

Subscribe today for unlimited digital access with 50% fewer ads for a faster browsing experience.

Already a Subscriber? LOGIN HERE

Wake up with today's top stories in your inbox

Wake up with today's top stories in your inbox

or
Already a print subscriber?
Already a digital subscriber?
 
This is your last FREE article for the month
This is your last FREE article for the month

Subscribe now and enjoy Unlimited Digital Access to Gazette.com

Only 99 cents for Unlimited Digital Access for 1 month
Then $2.31/week, billed monthly, cancel anytime
Already a print subscriber?
Already a digital subscriber?

 
You have reached your article limit for the month
You have reached your article limit for the month

We hope that you've enjoyed your complimentary access to Gazette.com

Only 99 cents for Unlimited Digital Access for 1 month
Then $2.31/week, billed monthly, cancel anytime
Already a print subscriber?
Already a digital subscriber?
 

Exclusive Subscriber Content

You read The Gazette because you care about your community and the local stories you can't find anywhere else.

Only 99 cents for Unlimited Digital Access for 1 month
Then $2.31/week, billed monthly, cancel anytime
Already a print subscriber? Get Access | Already a digital subscriber? Log In
 
articles remaining
×
Thank you for your interest in local journalism.
Gain unlimited access, 50% fewer ads and a faster browsing experience.