Okemo Mountain Resort and Mount Sunapee Resort join Stowe Mountain Resort in Vail Resorts’ northeastern network of resorts, providing even more options for skiers and snowboarders in the region. As part of the transaction and with funds provided by Vail Resorts, Triple Peaks paid off $155 million in leases that all three resorts had with Ski Resort Holdings, LLC, an affiliate of Oz Real Estate. The Company purchased Triple Peaks from the Mueller family for a final purchase price of approximately $74 million, after adjustments for certain agreed-upon terms.

(NYSE: MTN) today announced that the Company has closed on its acquisition of Triple Peaks, LLC, the parent company of Okemo Mountain Resort in Vermont, Mount Sunapee Resort in New Hampshire and Crested Butte Mountain Resort in Colorado. We are committed to providing an amazing value and experience to our pass holders.”Įric Wilbur can be reached at. “We are making bold investments to ensure we have a fully-staffed team of passionate, engaged employees, and adding 21 new lifts across 14 of our resorts to help skiers and riders get up and around the mountains faster and easier.

“We will not waiver in our commitment to continuously reinvest in the ski and ride experience with the goal of creating an experience of a lifetime for our pass holders,” Ryan Bennett, chief marketing officer of Vail Resorts, said in a statement. There are holiday restrictions at Okemo, Mount Snow, Stowe, and Hunter Mountain in New York.Įpic’s new deferred payment plan, “FlexPay,” offers zero down payment, zero interest, plus, when purchased early, zero payments until September. Northeast Value Pass holders also get 10 days at Stowe. This year’s Northeast Value Pass ($514 adults, $385 teens and seniors, $360 college) includes Vail’s new properties in Pennsylvania, adding to a list of available resorts that already included Okemo, Mount Snow, Mount Sunapee, Attitash, Wildcat, and Crotched. For $626, the Epic Local provides unlimited access to 40 resorts with holiday restrictions at some resorts, including Stowe. With additional partner resorts like Telluride, the Epic Pass unlocks access to more than 80 resorts.

For $841, Epic Pass users will have unlimited access to 40 resorts including Vail, Beaver Creek, Wildcat, Breckenridge, Keystone, Crested Butte, Park City, Whistler Blackcomb, Attitash, Heavenly, Northstar, Okemo, Kirkwood, Stowe, Stevens Pass, and more. The slight price increase may turn off a handful of prospective buyers, but Vail’s Epic is still the most inexpensive multi-pass on the market this season. “I want to thank each of you for your passion and commitment to our mountains, our company, and our guests.” “You have all worked tirelessly to welcome all skiers and riders back to the mountains this season, despite the challenges,” Lynch wrote in a letter to Vail employees. Vail started things off on the right foot last week when CEO Kirsten Lynch announced a new strategic focus on the company’s employees, a plan that calls for a $20-an-hour minimum wage for all North American resort employees, a commitment to affordable employee housing, and a $4 million investment in human resources. The frustrations have led many Epic Pass holders to the brink of bailing for a different pass next season. Vail claimed it sold 2.1 million Epic Passes prior to this season, leading to overcrowding and complaints at its resorts across the country. Last spring, of course, Vail Resorts reduced the prices of its popular Epic Passes by 20 percent ($783 vs. Long lift lines, traffic jams and seasonal thaws inevitably will plague any ski season, but perhaps never to the degree that they did during the 2021-22 campaign.

The pricing plan was Vail’s latest step in the resort conglomerate’s response to what has been a difficult season for its brand. The unlimited Epic Pass jumped from a cost of $783 last season to $841 this season, while the Epic Local and Northeast Value passes increased from $582 to $626 and $479 to $514, respectively. Vail Resorts released pricing information for its 2022-23 multi-mountain pass on Monday, announcing a slight increase across the board along with a few new wrinkles. You’ll wind up paying a little more for an Epic Pass this year. The Epic Pass will see a slight increase in price for the 2022-23 season.

Epic local pass okemo