BROOMFIELD — Vail Resorts Inc. (NYSE: MTN) has closed on the purchase of Crans-Montana Mountain Resort, a destination ski resort in Switzerland.

The acquisition represents Vail Resorts’ second strategic investment to own and operate ski resorts in Europe.

The resort is accessible from five airports and by train, and is located in the Valais canton of Switzerland, approximately 2½ hours from Geneva and less than four hours from Milan and Zurich.

How dispatchable resources enable the clean energy transition

Platte River must prepare for the retirement of 431 megawatts (MW) of dispatchable, coal-fired generation by the end of the decade and address more frequent extreme weather events that can bring dark calms (periods when there is no sun or wind).

The resort is 2½ hours from the company’s other owned and operated European resort in Andermatt-Sedrun.