Vail Resorts has entered into an agreement to acquire its 42nd ski area, Crans-Montana Mountain Resort in Switzerland, the company announced Thursday. In a deal that has been in the works for several months, Vail.
Vail Resorts, Inc. (NYSE: MTN) announced today that it has entered into an agreement to acquire Crans-Montana Mountain Resort in Switzerland from CPI Property Group ("CPIPG"). Crans-Montana Mountain Resort spans over 1,400 meters (approximately 4,593 ft) of skiable vertical terrain, and 140 kilometers (approximately 87 mi) of trails. Accessible from five airports and by train, Crans-Montana Mountain Resort is located in the Valais canton of Switzerland, approximately two and a half hours from Geneva and less than four hours from Milan and Zurich. The resort is two and a half hours away from the company s other owned and operated European resort in Andermatt-Sedrun.
Article - Vail Resorts to Acquire Crans-Montana Mountain Resort in Switzerland for CHF 118.5 Million - Vail Resorts, Inc. (NYSE: MTN) announced yesterday that it has entered into an agreement to acquire Crans-Montana Mountain Resort in Switzerland from CPI Property Group. Crans-Montana Mountain Resort spans over 1,400 meters (approximately 4,593 ft) of skiable vertical terrain, and 140 kilometers (approximately 87 mi) of trails.