Vail Re­sorts take over Per­isher

Alpine News - - On The Slopes -

THE Amer­i­can re­sort Vail which is lo­cated in Colorado, has be­come the proud own­ers of Per­isher ski re­sort in a deal that came in a lit­tler un­der $180 mil­lion.

With the ac­qui­si­tion of Per­isher, Vail Re­sorts has be­come the only moun­tain re­sort com­pany to op­er­ate world class ski re­sorts on two con­ti­nents.

The ac­qui­si­tion in­cludes the re­sort ar­eas of Per­isher Val­ley, Smiggin Holes, Blue Cow and Guthega.

The ski school, ac­com­mo­da­tion lodg­ings, hos­pi­tal­ity, re­tail/rental and trans­porta­tion op­er­a­tions were also in­cluded in the deal.

Per­isher holds a longterm lease and li­cence with the New South Wales Govern­ment un­der the Na­tional Parks and Wildlife Act, which ex­pires in 2048 with a 20 year re­newal op­tion.

The ac­qui­si­tion will be a win for in­ter­na­tional snow lovers with ‘epic’ ben­e­fits be­ing ex­tended al­ready be­tween the two re­sorts for ex­ist­ing ‘Free­dom’ pass hold­ers.

On the Per­isher Free­dom Pass with Epic Ben­e­fits guests will be able to ski and ride at Vail, Beaver Creek, Breck­en­ridge, Key­stone and Ara­pa­hoe Basin in Colorado, Park City and Canyons in Utah, and Heav­enly, North­star and Kirk­wood in the Lake Ta­hoe re­gion of Cal­i­for­nia and Ne­vada.

Chair­man and CEO of Vail Re­sorts, Rob Katz said that ven­ture was a sig­nif­i­cant mile­stone for the com­pany.

“This ac­qui­si­tion is part of Vail Re­sorts’ con­tin­ued strat­egy to drive sea­son pass sales and build loy­alty with guests from around the world.

“We see this as a ground-break­ing ac­qui­si­tion that will dra­mat­i­cally en­hance the con­nec­tion be­tween our com­pany and Aus­tralian skiers and rid­ers and we also see the ac­qui­si­tion as a nat­u­ral fit, as Per­isher is the Aus­tralian leader in in­no­va­tion and guest ex­pe­ri­ence - both hall­marks of Vail Re­sorts,” Mr Katz said.

PHOTO: Per­isher

STRONG CON­NEC­TION: Amer­i­can ski re­sort Vail has ac­quired Per­isher in a deal that will en­able lo­cal skiers the op­por­tu­nity to take ad­van­tage of great North Amer­i­can deals.

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