BROOMFIELD —Vail Resorts announced today that it has entered into an agreement with East West Resort Transportation Holdings, LLC, an affiliate of East West Partners, to acquire the airport shuttle business, Colorado Mountain Express for about $40.5 million. The transaction is expected to close in late fall once all conditions have been met including the regulatory approvals.

“The acquisition of Colorado Mountain Express is perfectly aligned with our mission of providing exceptional experiences at our extraordinary resorts as it represents the first touch point with many of our guests when they arrive by air in Colorado,” said Rob Katz, chief executive officer for Vail Resorts. “In addition, CME’s service provides guests the option to minimize the number of vehicles on I-70 as well as reduce the fuel used in ground transportation, both of which are critical goals for our company,”
Katz said the employees and management team for CME would be joining the Vail Resorts family.

Colorado Mountain Express offers ground transportation from both Denver International Airport and Eagle County Airport to Vail (locations in and around Vail, Beaver Creek, Avon and Edwards), Aspen (locations in and around Aspen and Snowmass) and Summit County (includes Keystone, Breckenridge, Copper Mountain, Frisco and Silverthorne). The company offers four primary types of service, including door-to-door shuttle business, point-to-point shuttle business with centralized drop-off at transportation hubs, private chartered vans and premier luxury charter vehicles. The vehicle fleet consists of approximately 250 vans and luxury SUVs.

“I am excited to have the opportunity to combine Vail Resorts’ commitment to the guest experience with CME’s commitment to reliable access to the resorts we serve. Vail Resorts will provide CME with expanded opportunities for growth in the hospitality industry,” said Jay R. Ufer, president and chief executive officer of CME.

Tags: cme, colorado mountain express, vail resorts

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