BROOMFIELD, Colo. (AP) - Vail Resorts Inc. has acquired Northstar-at-Tahoe Resort in California for $63 million cash, the company said Monday.
The Broomfield, Colo.-based ski company acquired the stock of the companies that operate Northstar-at-Tahoe from Booth Creek Resort Properties LLC and other sellers.
Vail Resorts will lease the land on which the resort operates from CNL Lifestyle Properties Inc.
Booth Creek CEO George Gillett, Chief Operating Officer Chris Ryman and Chief Financial Officer Betsy Cole will no longer have management positions at Northstar, and Vail Resorts is seeking a new general manager for the resort.
Vail Resorts also operates Heavenly in California and Vail, Beaver Creek, Breckenridge and Keystone in Colorado.
Holders of Vail Resorts' Epic Pass, which offers unlimited access to those ski areas plus Arapahoe Basin in Colorado, will also get unrestricted access this season to Northstar-at-Tahoe and to Sierra-at-Tahoe, which is operated by Booth Creek.
Holders of the company's Colorado Pass can get five free days of skiing at either Heavenly or Northstar this season, though some dates are off-limits.
EpicMix, a new mobile and online application that tracks Vail Resorts Inc. customers' vertical feet and ski days, will be available at Northstar next season.