Hospitality & Tourism  September 11, 2014

Vail’s shares soar after Park City buy announced

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BROOMFIELD – Vail Resorts Inc. has acquired the Park City Mountain Resort in Utah from Powdr Corp. for $182.5 million in cash, the company announced Thursday. The deal will create the nation’s largest ski resort, covering more than 7,000 acres.

Vail will combine Park City with the nearby Canyons Resort, which it operates for Talisker Land Holdings LLC, based in Kamas, Utah. Talisker leases mountain land to the Park City resort.

The acquisition by Broomfield-based Vail Resorts (NYSE: MTN) includes all of the assets of Greater Park City Co., the land used for ski terrain at the resort held by Ian Cumming,…

With BizWest since 2012 and in Colorado since 1979, Dallas worked at the Longmont Times-Call, Colorado Springs Gazette, Denver Post and Public News Service. A Missouri native and Mizzou School of Journalism grad, Dallas started as a sports writer and outdoor columnist at the St. Charles (Mo.) Banner-News, then went to the St. Louis Post-Dispatch before fleeing the heat and humidity for the Rockies. He especially loves covering our mountain communities.
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