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Will skiers in the Alps soon start swapping pichets for pitchers, or flipping burgers on the fourth of July, instead of sipping onion soup on the 14th? The recent announcement that US conglomerate Vail Resorts had bought the resort of Crans-Montana in Switzerland – its second European acquisition in the space of just two years – certainly indicated an impending Americanisation of the Alps, according to some.
The Valais mountain region of Crans-Montana sees double-digit growth potential beyond the ski season.
Vail Resorts, Inc. (NYSE: MTN) announced today that it has entered into an agreement to acquire Crans-Montana Mountain Resort in Switzerland from CPI Property Group ("CPIPG"). Crans-Montana Mountain Resort spans over 1,400 meters (approximately 4,593 ft) of skiable vertical terrain, and 140 kilometers (approximately 87 mi) of trails. Accessible from five airports and by train, Crans-Montana Mountain Resort is located in the Valais canton of Switzerland, approximately two and a half hours from Geneva and less than four hours from Milan and Zurich. The resort is two and a half hours aw...
Article - Vail Resorts to Acquire Crans-Montana Mountain Resort in Switzerland for CHF 118.5 Million - Vail Resorts, Inc. (NYSE: MTN) announced yesterday that it has entered into an agreement to acquire Crans-Montana Mountain Resort in Switzerland from CPI Property Group. Crans-Montana Mountain Resort spans over 1,400 meters (approximately 4,593 ft) of skiable vertical terrain, and 140 kilometers (approximately 87 mi) of trails.
Vail Resorts, Inc. (NYSE: MTN) announced today that it has entered into an agreement to acquire Crans-Montana Mountain Resort in Switzerland from CPI Property Group ("CPIPG"). Crans-Montana Mountain Resort spans over 1,400 meters (approximately 4,593 ft) of skiable vertical terrain, and 140 kilometers (approximately 87 mi) of trails. Accessible from five airports and by train, Crans-Montana Mountain Resort is located in the Valais canton of Switzerland, approximately two and a half hours from Ge