VAIL RESORTS TO ACQUIRE SEVEN SPRINGS MOUNTAIN RESORT, HIDDEN VALLEY RESORT AND LAUREL MOUNTAIN SKI AREA IN PITTSBURGH AREA
Vail Resorts, Inc. (NYSE: MTN) announced today that it has entered into an agreement to purchase Seven Springs Mountain Resort in Pennsylvania from Seven Springs Mountain Resort, Inc. As a part of the acquisition, Vail Resorts will also acquire Hidden Valley Resort and the operations of Laurel Mountain Ski Area. The purchase price for the ski areas, plus a hotel, conference center and other related operations, is approximately $125 million, subject to certain adjustments.