Vail Resorts Inc., one of the largest ski resort operators in North America, has agreed to spend $18 million to acquire Kirkwood Mountain Resort along with undeveloped land at the base of the mountain in Lake Tahoe.
The deal would give Vail ownership of three of the seven major resorts around Lake Tahoe: Heavenly, Northstar and now Kirkwood.
Lake Tahoe on the California-Nevada border is encircled by seven major ski resorts and several smaller ski and cross-country operations in the Sierra Nevada.
Vail Resorts, a publicly traded company, is considered among the largest resort owners in North America. Vail Resorts also operates the Vail, Beaver Creek, Breckenridge and Keystone resorts in Colorado.