Park City Investor

Breaking News! Vail buys Park City Mountain Resort!

This news came at quite a surprise. Vail Resorts announced today that it acquired Park City Mountain Resort (PCMR) in a $182.5 million cash deal. Powdr Corp. owned about 687,000 square feet of residential and commercial property at the resort base including the main access points to the resort. John Cumming, owner of Powdr Corp. said “a sale was the only way to provide long-term certainty for PCMR employees and the Park City community.” Vail states PCMR and Canyons Resort would be combined for the 2015-16 season creating the country’s largest ski resort covering more than 7,000 acres of terrain. Vail anticipates to significantly invest in the guest experience at our mountain resorts, including new chairlifts, on-mountain dining options and innovative snow making expansions for the coming winter.

Park City Mountain Resort will now be part of the Epic Pass which features unlimited, unrestricted skiing and riding at 22 of the world’s most iconic mountain resorts and more than 32,000 acres of ski terrain.  Click here for pricing and pass options. All current prices are only guaranteed through October 12, 2014.

All Park City Mountain Resort passes for the 2014-15 ski season will continue to be honored and can be exchanged or upgraded for a season pass that will also be valid at Canyons. The majority of all lift tickets sold at either resort will be valid at both PCMR and Canyons.

Contact me for more information and real estate options in the Park City area.