9/4/2023 0 Comments Epic pass stowe![]() ![]() This transaction is subject to Vermont administrative review. MMC will retain ownership of the renowned Stowe Mountain Lodge at Stowe Mountain Resort, a 312-room hotel and spa that has already been recognized as one of the greenest and most luxurious mountainside hotels in the world, and additional slopeside real estate opportunities. Spruce Peak also has new high-speed lifts, new base facilities and gourmet restaurants. Stowe Mountain Resort in Stowe, Vt., has undergone major capital and facilities improvements including the Spruce Peak Adventure Center, the new Meadows Quad on Spruce Peak, Evolution Stowe’s RFID tickets, passes and gates and the new Shops at Spruce Peak. AIGGRE is looking forward to combining Vail Resorts’ tremendous mountain operations capabilities with our continued commitment to the development of the Spruce Peak community.” We look forward to working with AIG to continue enhancing the guest experience and to ensure the resort’s long-term success,” said Rob Katz, chairman and chief executive officer of Vail Resorts.ĭouglas Tymins, president and chief executive officer of AIG Global Real Estate, said, “Under Vail Resorts’ management, Stowe’s reputation as a premier ski destination with a commitment to excellent service will continue to grow. With the investments in both mountain infrastructure and base area facilities that AIG has made over the years, Stowe Mountain Resort has become the premier, high-end resort for East Coast skiers and snowboarders. “We’re thrilled to add Stowe Mountain Resort to our family of world-class mountain resorts. Other facilities such as the Stowe Mountain Lodge, Stowe Mountain Club, Stowe Country Club and certain real estate owned and held for potential future development will be retained by MMC. Vail Resorts is acquiring all of the assets related to the mountain operations of the resort, including base area skier services (food and beverage, retail and rental, lift ticket offices and ski and snowboard school facilities) at Mount Mansfield and Spruce Peak. ![]() This acquisition brings together Vail Resorts, a leading mountain resort operator, with AIG Global Real Estate (AIGGRE), a major real estate developer, which share a common vision for the long-term success of Stowe Mountain Resort as a premier, high-end resort for skiers and snowboarders on the East Coast. Stowe Mountain Resort will be Vail Resorts’ first mountain resort on the East Coast and complements the Company’s network of 10 world-class mountain resorts and three urban ski areas. (AIG), for a purchase price of $50 million, subject to certain adjustments. Mansfield Company, Inc., a wholly owned subsidiary of American International Group, Inc. in February entered an agreement to acquire Stowe Mountain Resort from Mt. Vail Resorts is moving to complete the acquisition of Stowe Mountain Resort, Vermont, which would be the company’s first resort on the East Coast, and would give East Coast skiers more of a reason to buy the Epic Pass. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |