Vail Resorts acquires Crested Butte, 3 other resorts

BROOMFIELD  – Vail Resorts Inc. (NYSE: MTN) announced Monday it will buy Crested Butte Mountain Resort, Vermont’s Okemo Mountain Resort and New Hampshire’s Mount Sunapee Resort for a combined $237 million, pending regulatory approval.

Business Den also reported on Monday that in a separate deal that Broomfield-based Vail Resorts plans on buying Stevens Pass Resort in Washington for $67 million.

Vail announced in March that it added Crested Butte to its Epic Pass, which accounted for 43 percent of its 2017 lift revenue.

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Crested Butte, Okemo and Sunapee were owned by the Mueller family until 2008, when it sold them to CNL Lifestyle Properties for $132 million. CNL then sold its interest in the ski mountains to EPR Properties and New York-based Och-Ziff Real Estate in 2016. The Muellers leased the resorts and ran them.