Vail Resorts acquires Northstar-at-Tahoe

Please click on link for more details. This is very exciting news!

http://http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2010/10/25/financial/f150210D69.DTL&type=business

What does this mean for Northstar and the real estate development company (East West Partners) doing the development in the Village and on-mountain at Northstar?

1. Vail Resorts is the premier mountain resort company in the world with Vail, Beaver Creek, Breckenridge, Keystone, Heavenly Valley, and now Northstar-at-Tahoe in Lake Tahoe.

2. Vail Resorts is an outstanding company that is well managed and well capitalized. Vail Resorts will further enhance the transformation of Northstar and North Lake Tahoe to a true world class resort destination.

3. East West Partners has had a great long term relationship with Vail Resorts in Colorado and looks forward to partnering with them in Tahoe.

4. The combination of East West Partners, Vail Resorts, Ritz-Carlton, and Hyatt results in unrivaled collection of the strongest brands in their respective industries coming together at Northstar.

Ski Magazine Rankings

New Ski Magazine rankings are out...

Of note for CA ski areas:
Northstar moved from #16 to #15
Squaw moved from #8 to #17 (yikes)
Mammoth moved from #9 t0 #12
Heavenly stayed at #13

To read about how Ski Magazine ranks resorts and to see how other resorts fared, click on link below from Vail Daily.
http://www.vaildaily.com/article/20101006/NEWS/101009853