Vail Resorts on Monday said it will spend more than $1 billion to buy Whistler Blackcomb in British Columbia, adding the largest and busiest ski area in North America to its growing international quiver. The deal is one of the ski-resort industry’s largest acquisitions ever. Vail Resorts — which sells 500,000 season passes a year, more than any other resort operator in the world — now owns half of the 10 busiest ski areas on the continent, including the top three: Whistler Blackcomb, Vail and Breckenridge. Whistler Blackcomb posted record visitation and revenues last winter and this spring announced a $345 million investment in year-round, weather-independent attractions like an indoor...
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