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Now Vail gobbles up Stowe. Read more from John Hill

Vail Resorts, which already own Colorado’s biggest resorts, and several biggies in California, announced today they are to buy up the East coast major resort of Stowe for $50million

This acquisition brings together the world’s leading mountain resort operator, with Stowe’s owners, who are major real estate developers.

Vail boss Rob Katz  said:” “We’re thrilled to add Stowe Mountain Resort to our family.”

Douglas Tymins, president of AIG Global Real Estate, said, “Under Vail Resorts’ management, Stowe’s reputation as a premier ski destination will continue to grow.”
The deal is subject to Vermont administrative review. Vail Resorts say they will be retaining the vast majority of the resort’s year-round staff.

Vail Resorts say they look forward to integrating Stowe into its Epic Pass with its other acquisitions Vail-Beaver Creek, Breckenridge and Keystone in Colorado; Park City in Utah; Heavenly, Northstar and Kirkwood in Tahoe, California; and Whistler Blackcomb in Canada.

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