{"id":1004180075,"date":"2017-06-12T04:35:43","date_gmt":"2017-06-12T12:35:43","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004180075"},"modified":"2022-12-08T19:14:19","modified_gmt":"2022-12-09T03:14:19","slug":"vail-closes-vermont-mountain-resort-acquisition","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/vail-closes-vermont-mountain-resort-acquisition\/","title":{"rendered":"Vail Closes Vermont Mountain Resort Acquisition"},"content":{"rendered":"

By Keith Loria, Contributing Editor<\/em><\/p>\n

\"Stowe<\/a>

Stowe Mountain Resort<\/p><\/div>\n

Vail Resorts has acquired Stowe Mountain Resort, an iconic East Coast ski destination<\/a> in Stowe, Vt., for $41 million, from Mt. Mansfield Co Inc., a wholly owned subsidiary of American International Group Inc.<\/p>\n

Stowe becomes Vail\u2019s first-ever resort on the East Coast and its 13th<\/sup> overall ski property. The resort will now be included on the 2017-2018 winter EPIC pass, a $859 season pass that offers customers access to 45 resorts across the world.<\/p>\n

The acquisition included all of Stowe\u2019s operations, which consists of food and beverage, retail and rental, lift ticket offices and ski and snowboard school facilities at Mount Mansfield and Spruce Peak. According to a Vail company report, Stowe is forecast to bring in more than $5 million in revenue during its first 12 months of operation, following the acquisition.<\/p>\n

\u201cWe are thrilled to officially welcome Stowe to our family of world-class resorts, and to offer our Epic Pass, Epic Local, Epic 7-Day, and Epic 4-Day Pass holders exceptional experiences,\u201d <\/em>Kirsten Lynch, Vail Resorts\u2019 CMO, said in a prepared release. \u201cWith the addition of Stowe, the Epic Pass provides guests access to the East Coast\u2019s most iconic skiing, as well as unlimited, unrestricted access to the best of the West\u2014including Vail, Breckenridge, Park City and Whistler Blackcomb, among many additional world-renowned destination resorts throughout North America.\u201d<\/em><\/p>\n

EPIC Pass Portfolio<\/h2>\n

Also included in the Epic pass are, Beaver Creek, Breckenridge, Keystone and Arapahoe Basin in Colorado; Whistler Blackcomb in Canada; Park City in Utah; Heavenly, Northstar and Kirkwood at Lake Tahoe; Perisher in Australia; Afton Alps in Minnesota; Mt. Brighton in Michigan and Wilmot Mountain in Wisconsin. There\u2019s also limited access to 30 European ski resorts including Verbier and Les 4 Vall\u00e9es in Switzerland, Les 3 Vall\u00e9es in France; Arlberg in Austria; and Skirama Dolomiti Adamello Brenta in Italy. \u00a0<\/p>\n

New Management<\/h2>\n

The company announced that Bobby Murphy will take over as vice president and general manager of Stowe, replacing current president Barry Pius.<\/p>\n

\u201cThroughout his career, Bobby has played an integral role for cultivating guest services, developing ski and snowboard school experiences and for elevating resort operations,\u201d <\/em>Pat Campbell, Vail Resorts\u2019 mountain division president, said in prepared remarks. \u201cHe brings significant industry experience that will benefit both the resort and the greater local community. I\u2019m very pleased to see Bobby in this role and confident he will contribute incredible leadership to Stowe.\u201d<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Stowe became Vail\u2019s first-ever resort on the East Coast and its 13th overall ski property. The asset is forecast to bring in more than $5 million in revenue during its first 12 months of operation, following the acquisition.<\/p>\n","protected":false},"author":451,"featured_media":1004180096,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21808,21751,21783,21742,10],"tags":[36108,32932],"class_list":["post-1004180075","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-featured","category-hotel","category-investment","category-latest","category-northeast","tag-american-international-group","tag-vail-resorts"],"acf":[],"yoast_head":"\nVail Closes Vermont Mountain Resort Acquisition - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/vail-closes-vermont-mountain-resort-acquisition\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Vail Closes Vermont Mountain Resort Acquisition\" \/>\n<meta property=\"og:description\" content=\"Stowe became Vail\u2019s first-ever resort on the East Coast and its 13th overall ski property. 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