Vail Resorts plans to take over 17 U.S. ski areas ranging from the Northeast to the Midwest by acquiring Peak Resorts for $264 million.
Colorado-based Vail said Monday the ski areas are in Vermont New Hampshire, New York, Indiana, Ohio, Missouri, and Pennsylvania.
The company says the deal is expected to close this fall if regulators and shareholders approve.
Vail says it plans to spend about $15 million over the next two years on improvements at the properties.
Vail owns 20 other ski areas in the U.S., Canada and Australia.
The newly acquired resorts would be included in Vail's Epic season pass. 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.
All contents © copyright 2019 Associated Press. All rights reserved.
