Back in February, The Ski Channel reported an agreement by Vail Resorts to acquire Kirkwood Mountain Resort at Lake Tahoe, California. On April 12, Vail Resorts reconfirmed the good news and announced the transaction has officially closed for total consideration of approximately $18.0 million. The acquisition includes the ski resort and undeveloped sites at the center of the base area. The seller retains a participation interest in the base area parcels and continues to own the remainder of the real estate development sites.
For skiers and snowboarders the closing means a mega season pass will be available next season, providing access to unparalleled terrain at some of best high alpine advanced terrain in North America! The new season pass, which is currently on sale, provides visitors with seven-day-per-week access to Tahoe’s three top resorts for only $419, with a few holiday blackouts.
The best part? Visitors who purchase the pass this spring can ski the rest of this season free. That means, now that both Heavenly and Kirkwood have extended their seasons, skiers and snowboarders can pay off their pass before next season even begins!
Vail Resorts also announced that the power plant which the Kirkwood Meadows Public Utility broke ground on last May is now fully operational and should provide reliable power service to Kirkwood for many years to come.
Vail currently operates world-class resorts, Vail, Beaver Creek, Breckenridge and Keystone in Colorado, and the Heavenly Ski Resort and Northstar-at-Tahoe Resort in the Lake Tahoe area of California and Nevada. For more information about the Kirkwood acquisition, season pass deals and snow conditions at any Vail Resort, visit www.snow.com.
Feature Photo Credit: Tom Scarvie Skiing Heavenly (Photo by Carrie Reiter)