RCR to Buy Kicking Horse?

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SAM Magazine--December 17, 2011--Calgary-based, Resorts of the Canadian Rockies have entered into discussions to potentially acquire Kicking Horse Mountain Resort, based in Golden, B.C. Subject to certain regulatory approvals, the transaction is expected to be completed by the end of this year.

Kicking Horse Mountain Resort is the first, four-season resort to open in the Canadian Rockies in over 25 years and has seen continuous growth in recent years. The resort recently obtained Provincial approval of a 40-year Master Plan which calls for a destination mountain resort with an expanded controlled recreation area, 20,000 bed units, an 18-hole signature golf course, a multi-use trail system with two proposed lifts and 4,188 acres of skiable terrain.