Northstar Sold to Vail Resorts
Northstar-at-Tahoe has instantly raised its profile and market reach as a destination resort with its sale to Vail Resorts, industry insiders say.
Vail, which also owns Heavenly on the South Shore, closed the purchase of Northstar in late October for $63 million from Booth Creek Resorts, which also owns Sierra-at-Tahoe Resort on Highway 50 at Echo Summit.
“We are thrilled by the opportunity to bring Northstar-at-Tahoe into our family of world-class mountain resorts. With substantial and diverse ski terrain, a completely renovated and modern base village and outstanding guest service, Northstar-at-Tahoe has been one of the fastest growing mountain resorts over the past few years,” said Rob Katz, chairman and CEO of Vail Resorts. “We believe guests of Heavenly and Northstar will greatly appreciate the flexibility to enjoy both the north and south shores of Lake Tahoe as we introduce pass and lift tickets products that offer access to both resorts starting with this coming 2010-2011 ski season.”
Skiers who bought Double Whammy joint season passes for Northstar and Sierra this season will not be affected; those passes will be honored through the season.
In addition to Heavenly and Northstar, Vail Resorts is the parent company behind such resorts as Vail, Beaver Creek, Breckenridge and Keystone mountain resorts in Colorado, and Grand Teton Lodge Company in Wyoming.