Vail Resorts, Inc. (MTN), has finalized its merger with Peak Resorts (SKIS), adding 17 ski destinations in the Northeast, Mid-Atlantic and Midwest to its portfolio, the company announced recently. According to officials, the deal was closed in September 2019 for $11 per share.
The company has also unveiled plans to invest close to $15 million into the newly acquired resorts over the next two years and will increase capital expenditures by around $10 million to support the new destinations.
Following the acquisition, Vail Resorts now has a total of 37 owned and operated resorts worldwide and has positioned itself as one of the key leaders of the ever-evolving ski industry.
In the months following the merger, stock in Vail Resorts stock (MTN) increased by about 2.5 percent. As of early November 2019, the stock was hovering around $235 per share. The company reported solid results for the fourth quarter of fiscal year 2019 with $244 million in revenue, a 15.3 percent increase year over year.
The 2019-20 Epic Pass, Epic Local Pass and Military Epic Pass offered by Vail Resorts will include all 17 resorts. Each pass gives unlimited and unrestricted access to these new resorts:
According to Vail Resorts, the resorts will still honor Peak Resort passes, and current passholders will have the option to upgrade to either an Epic Pass or an Epic Local Pass.
The Epic Pass is the premier season pass for skiers and snowboarders. The Epic Pass offers access and benefits at several North American ski resorts, including unlimited and unrestricted access at:
The Epic Pass also grants limited access to other resorts, including:
The Epic Local Pass is a smart option for those who can’t get away as much to ski or snowboard. The Epic Local Pass grants unlimited and unrestricted access to several world-class destinations, including:
Epic Local Pass holders will also get unlimited access (with holiday restrictions) at Heavenly, Kirkwood, Park City and Stowe, along with 10 total days (with holiday restrictions) at Beaver Creek, Vail and Whistler Blackcomb. Pass holders also get:
Active and retired military personnel and their dependents can get on the slopes this winter at a reduced rate with the Military Epic Pass. The pass offers unlimited and unrestricted access to:
New this season, the Epic Day Pass is the perfect pass for those who can only get away for a few days of skiing this season. The pass provides a great discount and is flexible in the number of days available. The customizable pass can range from one to seven days and include (or not) holiday access.
Pass holders will have access to the company’s North American resorts, including Beaver Creek, Breckenridge, Crested Butte, Park City and Whistler Blackcomb. The pass offers access to the Resorts of the Canadian Rockies, Snowbasin, Sun Valley and Telluride if four or more days are purchased.
Vail Resorts has an innovative app called EpicMix that’s an online community specifically for skiers and riders. Athletes can connect with one another and earn pins and share accomplishments online. EpicMix comes free with purchase of a ski pass.
The app allows users to share photos, statistics and achievements, according to the Vail Resorts website. There’s even a special app for children under the age of 13, with parental permission. By using the app on the mountain, it’s easy to local friends and get real-time updates on important information like trail conditions and lift status.
Users love the convenient trail maps and easy user interface. There’s even a convenient share feature so you can share your photos and info across your favorite social media channels like Facebook and Twitter.
Other features of EpicMix include:
Disclaimer: All pass details – including dates, price and available resorts – are subject to change without notice. Epic Pass pricing changes throughout the year, so it is best to purchase early for the best rate. Pricing is available for adults, teens and children.