Vail Resorts looking to expand presence in Europe, not commenting on possible Crans Montana deal

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Vail Resorts is not commenting on speculation that the company is pursuing another acquisition in Switzerland, this time at Crans Montana.

The Swiss news outlet Le Temps reported last week that Czech billionaire Radovan Vitek, the owner of Crans Montana Aminona mountain railways, was in talks with Vail Resorts regarding a sale.

It would be Vail Resorts’ second ski area acquisition in Switzerland in the last two seasons, as the company also completed a 55% ownership stake in Andermatt-Sedrun during the run-up to the 2022-23 season. But there are some sticking points in the deal, including one that should be familiar to skiers in Vail’s namesake resort: parking, and the balance between municipal parking services and resort-supplied options.

“What will ultimately decide this deal is whether Vail Resorts wants to take over the Crans Montana parking lots owned by Radovan Vitek,” according to one interpretation of the deal provided by unfficialt networks. “The problem with these parking structures is that some need repairs, while others are unusable. Vail Resorts wants these lots to be taken over by the municipality. If the billionaire doesn’t agree with these terms, the deal could possibly go kaput.”

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