A Japanese company that already owns a Colorado ski resort is expanding into Nevada.

Kamori Kanko Co. Ltd., Sapporo, Japan, is buying the Heavenly Valley Ski Resort at South Lake Tahoe from the Killebrew Family, which has held title to the 20-square-mile area since 1972.Financial terms of the purchase were not disclosed, Heavenly Valley officials said. William Killebrew, one of the resort owners, will stay on as general manager, officials said.

Heavenly Valley has 24 lifts and 120 full-time employees. The Japanese company also owns Colorado's Steamboat Ski Area.