Mountain resort purchases rival
SEVEN SPRINGS, Pa. -Seven Springs Mountain Resort and The Buncher Co. of Pittsburgh announced Tuesday the two companies have reached an agreement for Seven Springs to acquire nearby Hidden Valley Resort.
Located near Seven Springs, Hidden Valley consists of about 1,200 acres and includes 29 ski slopes and trails, as well as an 18-hole golf course.
The sale is effective Oct. 1. Terms of the deal were not disclosed.
“As we have demonstrated with all of our other operations in the region, we are committed to the long-term success of Hidden Valley as a family destination,” said Seven Springs Chairman Robert Nutting.
The Buncher Co. is a real estate development firm in western Pennsylvania.
Nutting said Seven Springs and Hidden Valley are “strong and important establishments with long histories and bright futures.”
“We have long held a deep appreciation for Hidden Valley and the family experience it offers,” he said. “I have fond memories of skiing these very slopes and the slopes of Seven Springs with my family during my childhood, and with my children.”
Nutting said representatives of Seven Springs met with Hidden Valley employees Tuesday to announce the sale. No personnel decisions have been made, he added.
As for the upcoming ski season, Nutting said Seven Springs’ officials are planning to meet with homeowners, developers and employees at Hidden Valley to devise a plan that works for everyone.
Seven Springs and Hidden Valley will keep their unique identities, Nutting added, noting there likely will be some cross-marketing of the two resorts.
“Hidden Valley and Seven Springs are both excellent resorts with very distinct personalities. We plan to invest in and grow both resorts separately,” Nutting said.