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Kirkwood Mountain Resort Agrees to Sell to Vail Resorts

Kirkwood Mountain Resort announced today that it has agreed to sell its ski resort operations to Vail Resorts for $18 million. Kirkwood is surrounded by federal forest and is situated at elevations ranging from 7,800 to 9,800 feet. The purchase includes undeveloped land at the resort base area, which is zoned for residential and commercial development.

Director of Communications Russ Pecararo says the resort located on Highway 88 about 35 miles southwest of South Lake Tahoe offers snowboarding and four “terrain parks” with skiing for beginner to advanced.

“So what we announced today was our intent or the agreement for us to purchase Kirkwood. We’re still subject to Forest Service approval, then a few other things, and then we hope to close on this in final in about a month.”

 Vail Resorts also owns Heavenly Mountain Resort in South Lake Tahoe and Northstar California on the north shore and Pecararo says the good news about the purchase of Kirkwood is that season lift tickets at all three resorts will now be interchangeable.

“We’re going to be able to, immediately, today, if you have a season pass at Heavenly or Northstar, you will be able to go ski and ride at Kirkwood and vice versa. If you’ve got a ski pass at Heavenly or Northstar you can ski at Kirkwood.”

Vail Resorts, Inc. is the leading mountain resort operator in the United States. The Company’s subsidiaries operate the mountain resort properties of Vail, Beaver Creek, Breckenridge and Keystone mountain resorts in Colorado, and the Grand Teton Lodge Company in Jackson Hole, Wyoming, as well as Northstar and Heavenly in the Lake Tahoe area.

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