![]() ![]() “With the investments in both mountain infrastructure and base area facilities that AIG has made over the years, Stowe Mountain Resort has become the premier, high-end resort for East Coast skiers and snowboarders, and we look forward to continuing to enhance the experience for all of our guests. “We’re thrilled to add Stowe Mountain Resort to our family of world-class mountain resorts,” wrote Rob Katz, chairman and chief executive officer of Vail Resorts, in a statement to The Denver Post. This is in contrast to Vail Resorts’ last deal in Canada where it paid more than $1 billion to buy Whistler Blackcomb in British Columbia.Īs part of the deal, Vail Resorts acquired all of the assets related to the mountain operations of the resort, including base area skier services such as lift-ticket offices, retail and rental spaces, and ski and snowboard school facilities. Based on an estimated $5 million EBITDA for Stowe Mountain, the price for the acquisition was on the lower end of the spectrum. Ski resorts are typically priced at eight to 10 times the amount of their annual cash flow, or earnings before interest, tax, depreciation and amortization (EBITDA). 21, the Epic pass grants full access to 34 North American mountains, with many resorts in Colorado and the Lake Tahoe region. The Epic Local pass also has unlimited access with holiday restrictions. The Epic Day Pass is customizable with two levels of resort access and a choice to include holiday access or not. Epic 4-Day and Stowe College Pass now offer access to Stowe, Vermont. If you love to ski Vail, Whistler Blackcomb, Breckenridge, Park City Mountain, Stowe, Seven Springs and more great resorts, there has never been a better time. Whether it’s your first time or you’re an. Snowmobiling is an exhilarating way to discover the thrill of cruising through fresh powder and experience Stowe’s diverse landscapes. ![]() 1 and closing, the price was reduced to $41 million as part of the agreed-upon terms. The Epic Pass provides unlimited access to Stowe. The Epic Pass and Epic Local Pass offer season pass options for skiers and riders. Access your exclusive Epic Pass holder savings, including 20 off food, lodging, lessons, rentals, and more with Epic Mountain Rewards. Original negotiations with AIG Global Real Estate priced Stowe Mountain Resort at $50 million for acquisition, but based on the resort’s cash flow between Nov. This past winter, season passes for Stowe Mountain cost $2,000 – the most expensive lift tickets in New England. Pass holders are eligible to purchase single-day lift tickets for 50 off at Andermatt-Sedrun once available days have been used. For Vermont skiers and snowboarders, this is a big deal. The resort will be included on the 2017-2018 winter EPIC pass, a $859 season pass that offers customers access to 45 resorts across the world. Stowe, a high-end destination for skiers and snowboarders, will be Vail’s first resort on the East Coast and its 13th ski-area property. Vail Resorts closed a $41 million deal to acquire Stowe Mountain Resort, one of Vermont’s best-known - and priciest - ski resorts, the company announced Wednesday. Digital Replica Edition Home Page Close Menu ![]()
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