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Subsequent Event
6 Months Ended
Jun. 30, 2014
Subsequent Events [Abstract]  
Subsequent Event
Subsequent Event

On July 1, 2014, the Company acquired the West Glacier Motel & Cabins, the Apgar Village Lodge and related land, food and beverage services and retail operations. The West Glacier Motel & Cabins is a 32-room property situated on approximately 200 acres at the West entrance of Glacier National Park, and its full-service amenities include a restaurant, grocery store, gift shops, a gas station and employee housing. The Apgar Village Lodge is a 48-room property situated on a 3.8 acre private inholding inside Glacier National Park with overnight accommodations, a gift shop and employee housing. The purchase price was $16.0 million in cash, subject to certain adjustments. The Company also purchased inventory necessary for the operation of the purchased business, including retail, food and beverage and gas station inventory, for $1.0 million, subject to certain adjustments.
In July 2014, Viad borrowed an additional $20.0 million on its Credit Facility for the acquisition of West Glacier and other operational needs.