Vail Resorts To Buy Australia’s Largest Ski Area For $136 Million

March 31, 2015 2:35 AM

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Vail Resorts To Buy Australia’s Largest Ski Area For $136 Million

BROOMFIELD, Colo. (AP) – Vail Resorts Inc. says it’s planning to buy its first international ski area – Perisher in New South Wales, Australia – for about $136 million.

Rob Katz, CEO of the Broomfield-based company, says the decision to buy the 3,000-acre resort is aimed at driving season pass sales and building loyalty with guests from around the world. The deal is expected to close by the end of the year.

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