Vail Resorts, Inc. MTN today announced that the Company has closed on its acquisition of two
premier urban ski areas in the Midwest, Afton Alps in Minnesota and Mount
Brighton in Michigan, for total cash consideration of $20 million. Both ski
areas serve major snow sports markets in the Midwest with more than 468,000
active skiers and snowboarders in the nearby Minneapolis-St. Paul and Detroit
metropolitan areas. Vail Resorts plans to upgrade and enhance the guest
experience at each ski area and create opportunities to connect guests from
each of these ski areas to its seven world-class resorts in Colorado and Lake
Tahoe through season pass and other lift ticket products.
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