Vail Resorts purchases Australia’s Perisher

Vail Resorts purchases Australia’s Perisher
Local News

By Melanie Wong

BROOMFIELD — Vail Resorts announced Monday that the company has agreed to acquire its first international mountain resort, Perisher Ski Resort in New South Wales, Australia, for total cash consideration of AU$176.6 million (approximately US$136 million), subject to certain adjustments. Perisher is the largest and most visited ski resort in Australia, and is well-positioned with access to the country’s largest cities, including Sydney, Melbourne, Adelaide, Canberra and Brisbane. Perisher is also the largest ski resort in the Southern Hemisphere. The acquisition is expected to close in the fourth quarter of fiscal 2015 following the satisfaction of certain conditions, including approval …

Source:: Vail Daily Feed