Team –
I am pleased to announce that Andermatt-Sedrun in Switzerland has officially joined Vail Resorts after we completed the purchase of a majority stake in Andermatt-Sedrun Sport AG. To understand the details of this announcement, please find here the press release that was distributed this morning.
The addition of Andermatt-Sedrun marks our first majority investment to operate a premier resort in the European market and creates a unique and compelling new experience for our passholders.
Andermatt-Sedrun is a world-class destination ski resort in Central Switzerland, located less than 90 minutes from three of Switzerland’s major metropolitan areas (Zurich, Lucerne and Lugano) and approximately two hours from Milan, Italy. The resort is located in the heart of the Swiss Alps, one of the largest and highest mountain ranges in the world that stretches across eight European countries. With this partnership, we continue to advance our commitment to growing the sport and providing more opportunities for guests to ski world-class destination resorts, all over the world, all on one pass.
Vail Resorts employees and dependents will have access to ski and ride Andermatt-Sedrun beginning the 2022/2023 winter season. Epic Pass Holders will receive unlimited and unrestricted access to Andermatt-Sedrun, Epic Local Pass Holders receive five days at the resort, and Epic Day Pass Holders with All Resorts Access will be able to visit using any of their days for the 2022-23 season.
Mike Goar, VP, COO and Managing Director of Andermatt-Sedrun, will lead the resort for Vail Resorts and is living full time at the resort, working with the team and learning about the operations in Europe. The resort will remain business-as-usual with operations in full swing for summer and planning underway for a successful winter season.
This is a significant milestone for our company as we achieve an important goal to expand internationally into the European market with an outstanding resort. We are thrilled to be welcoming our new team members into our Vail Resorts family and working together to create the Experience of a Lifetime for our employees and guests.
Kirsten