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Whistler Blackcomb Sold To Colorado Company For 1.4 Billion

Planning to go to Whistler anytime soon? The resort just was purchased by a Colorado-based company, Vail Resorts Incorporated, for nearly 1.5 billion dollars.

This news comes shortly after Whistler Blackcomb had announced they would spend $345 million on a more “weather friendly” resort.

The best part: if you’re a shareholder in Whistler Blackcomb Holdings Inc., you may have noticed a 45% jump on the TSX since the sale. Shares rose from $11.33 to $35.47 – what a time to be alive!

RELATED: Blackcomb Ascent Trails; Whistler’s New 5.2km Hike

With Vail Resorts on board, Whistler Blackcomb’s CEO says that the resort will have more financial strength and a more diverse alliance in Canada, the U.S. and even Australia.

Whistler Blackcomb has been in operation since 1966 – when it started with just a four-person gondola – and has grown to be an outstanding North American ski retreat for people from around the world. Not to mention, we did throw a pretty epic Winter Olympics there in 2010.

We’re curious though…will there be any major changes once Vail Resorts takes over? What are your thoughts on the sale of our beloved Whistler Blackcomb? Drop us a comment below!

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