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SEVEN SPRINGS -- Seven Springs Mountain Resort Inc. on Wednesday announced an agreement to sell Seven Springs Mountain Resort, Hidden Valley Resort and Laurel Mountain Ski Area to Vail Resorts Inc.
The sale is expected to be finalized this winter.
"We are incredibly excited to have the opportunity to add Seven Springs to our family of resorts along with Hidden Valley and Laurel Mountain," said Kirsten Lynch, CEO of Vail Resorts. "As a company, we have been focused on acquiring resorts near major metropolitan areas as we know many skiers and riders build their passion for the sport close to home.
"These great ski areas in Pennsylvania are a perfect complement to our existing resorts, creating a much stronger connection and compelling offering to our current and future guests in Pittsburgh as well as those in other critical markets such as Washington, D.C., Baltimore and Cleveland."
Seven Springs has grown over the past decade to become one of the top-rated ski resorts in the East, while its terrain parks and superpipe have also consistently been rated as the best in the East.
"The resorts truly are a part of the fabric of this region and a critical community asset. I am extremely proud of our stewardship of Seven Springs and its sister resorts, and even more so of all the people we have worked side-by-side with to transform them into what they are today," said Robert Nutting, president and CEO of Seven Springs Mountain Resort Inc. "Our team of professionals helped change the way our resorts are viewed by guests throughout the Northeast and Mid-Atlantic regions, and within the industry. It has been an honor to be a part of their incredible growth for more than a decade as we leave each resort a much stronger community asset than we found it."
Winter operations at each resort, which began with a successful opening day this past Saturday at Seven Springs, will continue in ordinary course of business throughout the 2021-22 season.
Current passholders, hotel guests, as well as group and event leaders will not be affected through the transition of ownership.
Vail Resorts plans to add access to the three resorts' passholders to select Epic Pass products for the 2022-23 North American ski and ride season.
While Seven Springs Mountain Resort Inc. has agreed to sell the assets related to the mountain operations of the resorts, including base area lodging, conference center and amenities, the company will remain committed to the Laurel Highlands by retaining several neighboring operations.
The company will continue to own and operate the Sporting Clays at Seven Springs, Seven Springs Golf Course and Hidden Valley Golf Club, Highlands Market, Highlands Resort Realty and retain certain real estate for potential future development.