The US-based group Vail Resorts is to buy the Crans-Montana ski resort in southern Switzerland, it confirmed on Thursday. Vail Resorts completed the deal by buying an 84% stake in Remontées Mécaniques Crans Montana Aminona (CMA) SA, which controls and operates all the resort’s ski lifts. The company has also bought an 80% stake in SportLife SA, which operates one of the resort’s ski schools, it said in a press release. Vail Resorts is also becoming the sole owner of the resort’s 11 restaurants. “Our acquisition of the resort aligns to our growth strategy of expanding our resort network in Europe,” said Kirsten Lynch, CEO of Vail Resorts. The deal aims to create “even more value for our Pass Holders and guests around the world.” + Read more: how Swiss ski resorts deal with energy shortages Deal in progress The deal is scheduled to be completed during the 2023-2024 ski season, during which time operations at Crans-Montana will continue as normal. Vail Resorts says it is...
