Pirates Owner Bob Nutting Sells Seven Springs, Other Ski Resorts
Goodbye, ski lift jokes.
Pirates owner Bob Nutting has sold his interest in three Laurel Highlands ski resorts, it was announced on Wednesday. Seven Springs Mountain Resort, Inc., which includes Seven Springs, Hidden Valley and Laurel Mountain Ski Area, has been sold to Vail Resorts, Inc. The deal will be finalized this winter. The Nutting family ownership was in place for over 15 years.
“We look forward to remaining actively committed to and engaged in the greater Laurel Highlands community,” Nutting said in a statement. “Vail Resorts is a perfect successor with a proven track record of honoring the unique character of each of its resorts.”
Vail Resorts currently subsidiaries operate 37 mountain resorts and regional ski areas across the United States and also have operations in Canada and Australia. The total purchase is valued at approximately $125 million and also includes a hotel, a conference center and other related operations in addition to the trio of ski resorts.
This winter season will be conducted under normal operations, with Vali Resorts fully taking over control for the 2022-23 season. Two golf courses, a shooting range and other associated properties will be retained by the Nutting family.