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Vail Resorts Expands to Switzerland, Acquiring Crans-Montana Resort - Focus on Travel News

Vail Resorts to add second Swiss ski resort

Vail Resorts to acquire another Swiss ski resort as part of continuing European growth effort

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 to Acquire Crans-Montana Mountain Resort in Switzerland, the Company s Second Ski Resort in Europe

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.

Vail Resorts to Acquire Crans-Montana Mountain Resort in Switzerland for CHF 118 5 Million

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.

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