Vail Resorts acquiring 17 ski areas, including Paoli Peaks in Indiana

Colorado-based Vail Resorts Inc. plans to take over 17 U.S. ski areas ranging from the Northeast to the Midwest—including Paoli Peaks in southern Indiana—by acquiring Peak Resorts Inc. for $264 million.

In addition to Paoli Peaks, Peak Resorts has ski areas are in Missouri, New Hampshire, New York, Ohio, Pennsylvania and Vermont.

The company said the deal is expected to close this fall if regulators and shareholders approve. Vail Resorts agreed to acquire 100 percent of Peak Resorts’ stock for $11 per share.

The newly acquired resorts would be included in Vail’s Epic season pass. Vail said it plans to spend about $15 million over the next two years on improvements at the properties.

The ski areas are near 10 metropolitan areas: Cleveland; Columbus, Ohio; Baltimore; Boston; Kansas City, Missouri; Louisville, Kentucky; New York; Philadelphia; St. Louis; and Washington.

Vail, which owns 20 other ski areas in the United States, Canada and Australia, will acquire:

— Mount Snow in Vermont;
— Hunter Mountain in New York;
— Attitash Mountain Resort, Wildcat Mountain and Crotched Mountain in New Hampshire;
— Liberty Mountain Resort, Roundtop Mountain Resort, Whitetail Resort, Jack Frost and Big Boulder in Pennsylvania;
— Alpine Valley, Boston Mills, Brandywine and Mad River Mountain in Ohio;
— Hidden Valley and Snow Creek in Missouri;
— Paoli Peaks in Indiana.

Please enable JavaScript to view this content.

Story Continues Below

Editor's note: IBJ is now using a new comment system. Your Disqus account will no longer work on the IBJ site. Instead, you can leave a comment on stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Past comments are not currently showing up on stories, but they will be added in the coming weeks. Please note our updated comment policy that will govern how comments are moderated.