Business

Oct 26, 2010 8:45 AM by Bea Karnes, News First 5

Vail Resorts acquires Northstar-at-Tahoe in Calif.

BROOMFIELD, Colo. (AP) - Vail Resorts has acquired Northstar-at-Tahoe Resort in California for $63 million cash.

The Broomfield, Colorado-based company said Monday it acquired the stock of the companies that operate Northstar-at-Tahoe from Booth Creek Resort Properties LLC and other sellers.

Vail Resorts will lease the land on which the resort operates from CNL Lifestyle Properties Inc.

Vail Resorts is seeking a new general manager for the resort.

Vail Resorts also operates Heavenly in California and Vail, Beaver Creek, Breckenridge and Keystone in Colorado.

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