Vail Resorts, a mountain resort operator, completed the acquisition of hotels and resorts Seven Springs Mountain Resort, Hidden Valley Resort and Laurel Mountain Ski Area, from Seven Springs Mountain Resort, a resort operator, for $118m. Vail Resorts acquired all of the assets related to the mountain operations of the resorts and related base area lodging, conference center and amenities. Vail Resorts will, subject to consent from the Commonwealth of Pennsylvania, assume the state land lease for Laurel Mountain.