Mount Snow, Hunter Mountain Among 17 Mountain Resorts Acquired by Vail Resorts & Included in Epic Pass

Our intimate group participating in Mount Snow’s first-ever Devin Logan Experience (Olympic freestyle skiing silver medalist and hometown hero Devin Logan is second from left). Mount Snow, Vermont is one of 17 resorts newly acquired by Vail Resorts and included in this season’s Epic Pass © Karen Rubin/ goingplacesfarandnear.com

BROOMFIELD, Colo.—September 24, 2019—Popular Northeast mountain resorts Hunter Mountain in New York and Mount Snow in Vermont, are now part of Vail Resorts and will be included on this year’s Epic Pass. Vail Resorts, Inc. (NYSE: MTN) today announced that the Company has closed on its acquisition of Peak Resorts, Inc. (NASDAQ: SKIS) for a purchase price of $11.00 per share. With this acquisition, Vail Resorts has added 17 U.S. ski areas to its network of world-class resorts, bringing its total number of owned and operated resorts to 37 worldwide.

The 17 new resorts are located in the Northeast, Mid-Atlantic and Midwest, near major metropolitan areas including New York, Boston, Washington, D.C., Baltimore, Philadelphia, Cleveland, Columbus, St. Louis, Kansas City and Louisville.

The new resorts in the Northeast are: Mount Snow in Vermont; Hunter Mountain in New York; and Attitash Mountain Resort, Wildcat Mountain and Crotched Mountain in New Hampshire. They join the Company’s existing Northeast resorts – Stowe Mountain Resort and Okemo Mountain Resort in Vermont, and Mount Sunapee Resort in New Hampshire – and together will provide skiers and riders incredible variety and choice in the region.

In the Mid-Atlantic, the acquired resorts are: Liberty Mountain Resort, Roundtop Mountain Resort, Whitetail Resort, Jack Frost and Big Boulder in Pennsylvania.

In the Midwest, the new resorts are: Alpine Valley, Boston Mills, Brandywine and Mad River Mountain in Ohio; Hidden Valley and Snow Creek in Missouri; and Paoli Peaks in Indiana. They join the Company’s other Urban resorts in the Midwest which draw guests from Chicago, Detroit and Minneapolis. Those resorts are: Wilmot Mountain in Wisconsin; Mt. Brighton in Michigan; and Afton Alps in Minnesota.

“We are thrilled that with this acquisition, skiers and riders living in and around some of the biggest cities in the country will now have access to both ski close to home and at renowned mountain resorts around the world – with just one pass,” said Rob Katz, chairman and chief executive officer of Vail Resorts. “We are excited to welcome each of these ski areas into the Vail Resorts family and to continue to invest in what makes them unique.”

The 2019-20 Epic Pass, Epic Local Pass, Epic Australia Pass and Military Epic Pass now include unlimited and unrestricted access to each of the 17 ski areas, in addition to the access provided to some of the world’s most well-known resorts including Vail, Whistler Blackcomb, Park City and Breckenridge. Guests with an Epic Day Pass are also able to access these 17 ski areas as a part of the total number of days purchased. For the 2019-20 season, Vail Resorts will honor all Peak Resorts pass products and continue to sell them through the fall. Current Peak Resorts’ pass holders now have the option to upgrade to an Epic Pass or Epic Local Pass.

Following today’s closing, Vail Resorts plans to invest approximately $15 million over the next two years in one-time capital spending to elevate the guest experience at these resorts. Additionally, the Company’s annual ongoing capital expenditures are expected to increase by approximately $10 million to support the addition of the new ski areas.

Peak’s common stock will be delisted from the Nasdaq Global Select Market effective as of the close of trading on September 24, 2019.

Epic Pass Access Details

Vail Resorts currently offers the following access and benefits for 2019-20 Epic Pass, Epic Local Pass, Military Epic Pass and Epic Day Pass holders. These products now include access to each of the 17 acquired ski areas as outlined below.

• Epic Pass™: For $969 for adults and $509 for children (ages five to 12), the Epic Pass offers the following access and benefits:

o    Unlimited, unrestricted access to: Whistler Blackcomb, Vail, Beaver Creek, Breckenridge, Keystone, Crested Butte, Park City, Heavenly, Northstar, Kirkwood, Stowe, Okemo, Mount Snow, Mount Sunapee, Attitash, Wildcat, Crotched, Hunter, Liberty, Roundtop, Whitetail, Jack Frost, Big Boulder, Stevens Pass, Alpine Valley, Boston Mills, Brandywine, Mad River, Hidden Valley, Snow Creek, Paoli Peaks, Afton Alps, Mt. Brighton, and Wilmot in North America. The Epic Pass also includes access to Perisher, Falls Creek, and Hotham in Australia.

• • Limited access to partner resorts, including: seven days at each of Telluride, Sun Valley, Snowbasin, and the Resorts of the Canadian Rockies; five consecutive days at Hakuba Valley, Japan’s ten ski resorts; five consecutive days at Japan’s Rusutsu Resort. The Epic Pass also grants limited access to Les 3 Vallées in France; 4 Vallées in Switzerland; and Skirama Dolomiti in Italy. 

• Epic Local Pass™: For $719 for adults, $579 for teens (ages 13 to 18) and $379 for children (ages five to 12), the Epic Local Pass offers the following access and benefits:
  • Unlimited, unrestricted access to: Breckenridge, Keystone, Crested Butte, Okemo, Mount Snow, Mount Sunapee, Attitash, Wildcat, Crotched, Hunter, Liberty, Roundtop, Whitetail, Jack Frost, Big Boulder, Stevens Pass, Alpine Valley, Boston Mills, Brandywine, Mad River, Hidden Valley, Snow Creek, Paoli Peaks, Afton Alps, Mt. Brighton, and Wilmot.
  • Unlimited access with holiday restrictions to: Park City, Heavenly, Northstar, Kirkwood, and Stowe.
  • 10 total days combined (with holiday restrictions) at: Vail, Beaver Creek, and Whistler Blackcomb.
  • Limited access to partner resorts, including: two days (with limited holiday restrictions) at Sun Valley; two days (with limited holiday restrictions) at Snowbasin; and five total consecutive days with no blackout dates at Hakuba Valley’s ten ski resorts in Japan; and five total consecutive days with no blackout dates at Rusutsu Resort.

• Military Epic Pass™: For $159 for Active and Retired Military and their dependents and $559 for Veteran Military and their dependents, the      Military Epic Pass offers the following access:

• • Unlimited, unrestricted access to: Whistler Blackcomb, Vail, Beaver Creek, Breckenridge, Keystone, Crested Butte, Park City, Heavenly, Northstar, Kirkwood, Stowe, Okemo, Mount Snow, Mount Sunapee, Attitash, Wildcat, Crotched, Hunter, Liberty, Roundtop, Whitetail, Jack Frost, Big Boulder, Stevens Pass, Alpine Valley, Boston Mills, Brandywine, Mad River, Hidden Valley, Snow Creek, Paoli Peaks, Afton Alps, Mt. Brighton, and Wilmot in North America. The Military Epic Pass also includes access to Perisher, Falls Creek, and Hotham in Australia.

         Epic Day Pass: Announced earlier this year as a part of Epic for Everyone, the Epic Day Pass provides unprecedented flexibility and season pass discounts to guests skiing as little as one day.

o   With the customizable pass, guests can unlock discounts of up to 50 percent off lift ticket window prices by selecting the number of days they plan to ski or ride – from one day to seven days – and whether or not to add holiday access.

o   Guests can use the pass at any of the Company’s North American owned resorts, including Whistler Blackcomb, Vail, Beaver Creek, Breckenridge, Keystone, Crested Butte, Park City, and more, including the 17 new resorts. Those purchasing four or more days also get access to Telluride, Sun Valley, Snowbasin, and Resorts of the Canadian Rockies as a part of the total number of days purchased.

Vail Resorts, Inc., through its subsidiaries, is the leading global mountain resort operator. Vail Resorts’ subsidiaries operate 37 world-class mountain resorts and urban ski areas, including Vail, Beaver Creek, Breckenridge, Keystone and Crested Butte in Colorado; Park City in Utah; Heavenly, Northstar and Kirkwood in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in British Columbia, Canada; Perisher, Falls Creek and Hotham in Australia; Stowe, Mount Snow, Okemo in Vermont; Hunter Mountain in New York; Mount Sunapee, Attitash, Wildcat and Crotched in New Hampshire; Stevens Pass in Washington; Liberty, Roundtop, Whitetail, Jack Frost and Big Boulder in Pennsylvania; Alpine Valley, Boston Mills, Brandywine and Mad River in Ohio; Hidden Valley and Snow Creek in Missouri; Wilmot in Wisconsin; Afton Alps in Minnesota; Mt. Brighton in Michigan; and Paoli Peaks in Indiana. Vail Resorts owns and/or manages a collection of casually elegant hotels under the RockResorts brand, as well as the Grand Teton Lodge Company in Jackson Hole, Wyo. Vail Resorts Development Company is the real estate planning and development subsidiary of Vail Resorts, Inc. Vail Resorts is a publicly held company traded on the New York Stock Exchange (NYSE: MTN).

More information at www.snow.com.

 

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Vail Resort’s “Epic” Ski Pass Now Includes Les 3 Vallées Mountain Resorts in France

Vail Resorts’ Heavenly ski resort, Lake Tahoe offers incomparable scenery and ski experience This year, Vail Resorts’ Epic season pass includes the resorts of Les 3 Vallées, France, largest ski area in the world © 2013 Karen Rubin/news-photos-features.com

 

Vail Resorts, Inc. announced an epic partnership with the largest ski area in the world, Les 3 Vallées, home to the legendary mountain resorts of Courchevel, La Tania, Méribel, Brides-les-Bains, Les Menuires, Saint Martin de Belleville, Val Thorens and Orelle, France. The Epic Season Pass now features five free days of skiing and riding in Les 3 Vallées, bringing the total access to 26 world-class mountains in four countries and further enhancing the already exceptional value of the world’s greatest lift pass.

Epic Pass holders have the opportunity to experience the best of Europe and the best of the USA, with access to Verbier, Switzerland; Arlberg, Austria; and now Les 3 Vallées, France, in addition to Vail, Beaver Creek, Breckenridge, Keystone, Arapahoe Basin and Eldora in Colorado; Heavenly, Northstar and Kirkwood in Lake Tahoe; and new for the 2013-2014 season, Canyons in Park City, Utah.

Les 3 Vallées area lies in the heart of the French Alps and is legendary among skiers and riders around the globe, revered for its elegant charm and baroque art and architecture, boasting nine ski-in/ski-out Michelin-star restaurants and exceptional ski-in/ski-out lodging, all while maintaining its alpine character and family friendly appeal. Often voted the best location in Europe for early season snow, Les 3 Vallées has been a long-standing favorite for skiers and riders seeking a truly world-class European experience.

The unrestricted five free days of skiing and riding will be reciprocated for Les 3 Vallées season pass holders, allowing even more European guests to experience Vail Resorts’ world-class mountain resorts. At only $689, the Epic Season Pass is the best value lift pass in the industry.

“We are thrilled to announce our partnership with Les 3 Vallées, as Epic Pass holders can now ski the best resorts in the world, in four countries, on one pass. Vail Resorts is constantly looking for opportunities to enhance the incredible value of the Epic Pass that our  guests already receive and enjoy. In March, we announced that we increased the number of free days of access to Verbier, Switzerland, from three to five for the 2013-2014 season, followed shortly thereafter with news of an additional five days access to Arlberg, Austria, and most recently our acquisition of Vail Resorts’ first Utah mountain resort, Canyons” said Kirsten Lynch, executive vice president and chief marketing officer of Vail Resorts.

“Epic Season Pass holders already enjoy an incredible experience with unlimited, unrestricted access to Vail Resorts’ eight world-class resorts, including Vail, Beaver Creek, Breckenridge, Keystone,  Canyons, Heavenly, Northstar and Kirkwood as well as Arapahoe Basin and Eldora, but the addition of fifteen complimentary days of world-class skiing across France, Austria and Switzerland makes the Epic Pass the most compelling lift ticket offering available for skiers and riders, irrespective of where they live around the globe.”

Boasting 8 different resorts, 600 kilometers of interconnected trails, 180 ski lifts, and approximately five meters (16.6 feet) of annual snowfall, Les 3 Vallées is the largest interconnected ski area in the world, including the highest resort in Europe, Val Thorens. Les 3 Vallées ski area will be open from Dec. 7, 2013 – Apr. 25, 2014.

“Les 3 Vallées is the largest ski area in the world and preeminent destination in ski terrain choice, service and gastronomy in Europe” said Vincent Lalanne-Clouté, director of Les 3 Vallées. “We’re excited to partner with Vail Resorts as they operate the preeminent mountain resorts in the U.S. All eight resorts in Les 3 Vallées area look forward to welcoming Epic Pass holders to France this winter and offering our guests the experience of skiing and riding the premier resorts in the United States.”

Vail Resorts also offers other pass options for guests next winter:

• The Epic Local Pass™ is perfect for guests who can navigate a pass with a few more restrictions on their winter vacation. The Epic Local Pass for $529 offers unlimited and unrestricted skiing or riding at Breckenridge, Keystone and Arapahoe Basin with limited restrictions at Canyons, Heavenly, Northstar and Kirkwood. Also includes a total of 10 days at Vail and Beaver Creek with US holiday restrictions. At the spring rate, the Epic Local Pass pays for itself in just over four days.

• The Epic 7-Day ™ is ideal for guests who only plan to ski seven days throughout the winter season. It features seven unrestricted days of skiing and riding at Vail, Beaver Creek, Breckenridge, Keystone and Arapahoe Basin in Colorado; Canyons in Park City, Utah; Heavenly, Northstar and Kirkwood in Tahoe. The Epic 7-day is $529 for adults and $269 for children (ages 5-12).

• With the Epic 4-Day ™, skiers and riders get four total unrestricted tickets valid at Vail, Beaver Creek, Breckenridge, Keystone and Arapahoe Basin in Colorado; Canyons in Park City, Utah; and Heavenly, Northstar and Kirkwood in Tahoe. The Epic 4-Day is $349 for adults and $199 for children (ages 5-12). The Epic 4-Day is ideal for guests who only plan to take one ski vacation this winter.

Basically, if you ski five times, the pass pays for itself.

For more information or to purchase your pass, visit http://www.epicpass.com.