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Vail Resorts Buys Northstar at Tahoe

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Vail Resorts announced they have purchased Northstar at Tahoe. The purchase included buying stock from Booth Creek as well as other operators for considerations worth $63 million. In addition Vail Resorts has a long term agreement to lease the land that Northstar operates on from CNL Lifestyle Properties, the property owner. Vail Resorts also owns Heavenly Resort in South Lake Tahoe.