Vail Resorts announced Monday that it has acquired Northstar-at-Tahoe Resort in North Lake Tahoe, Calif. Vail Resorts acquired the stock of the companies that operate Northstar-at-Tahoe from Booth Creek Resort Properties LLC and other sellers for $63 million.
While Vail Resorts now owns Northstar on the north side of Lake Tahoe, the company already owned Heavenly Mountain Resort on the south side of the lake. The Sierra-at-Tahoe resort southwest of Lake Tahoe is not part of the acquisition and will continue to be operated by Booth Creek.
“We are thrilled by the opportunity to bring Northstar-at-Tahoe into our family of world-class mountain resorts. With substantial and diverse ski terrain, a completely renovated and modern base village and outstanding guest service, Northstar-at-Tahoe has been one of the fastest growing mountain resorts over the past few years,” said Rob Katz, chairman and CEO of Vail Resorts. “We believe guests of Heavenly and Northstar will greatly appreciate the flexibility to enjoy both the north and south shores of Lake Tahoe as we introduce pass and lift tickets products that offer access to both resorts starting with this coming 2010-11 ski season.”
Now with the two holdings in the Lake Tahoe area, Vail Resorts owns six major ski areas including four in Colorado: Keystone, Breckenridge, Vail Mountain and Beaver Creek. For the 2010-11 ski season, holders of the Vail Resorts Epic Pass will be able to ski unlimited days at Northstar and Sierra-at-Tahoe. With the two additions, the pass now covers eight ski areas: the six Vail Resorts-owned areas, plus Sierra-at-Tahoe and Arapahoe Basin Ski Area in Colorado.