Vail Resorts to add Tahoe’s Kirkwood Mountain Resort
Vail Resorts, Inc, announced Wednesday its plans to purchase Kirkwood Mountain Resort at Lake Tahoe, Cal. The resort would become Vail’s third ski resort in the Lake Tahoe area and seventh resort in all.
The company already owns Heavenly Mountain Resort in South Lake Tahoe and the north shore resort Northstar California, along with Vail, Keystone, Breckenridge and Beaver Creek resorts in Colorado.
The price for Kirkwood Mountain along with undeveloped sites at the resort base is $18 million, according to a Vail Resorts news release.
“We are thrilled to welcome Kirkwood into our family as our seventh world-class mountain resort,” said Rob Katz, chairman and CEO of Vail Resorts, Inc. “Kirkwood offers some of the most extraordinary ski terrain found anywhere in North America with high alpine trails and the most annual average snowfall in Lake Tahoe. Kirkwood represents skiing and riding at its purest, something we intend to retain and protect long into the future.”
Kirkwood Mountain is 35 miles south of South Lake Tahoe. The resort has 2,000 feet of vertical drop with more than 2,300 acres of skiable terrain and averages 472 inches of snow annually.
Vail Resorts said the purchase should be finalized within the next month, as soon as other unidentified sales conditions were met and the U.S. Forest Service transfers the special use permit to the new owners.