Steamboat Sold to Intrawest

Dec 19, 2006  ·  02:36 PM  ·  permalink

Intrawest, the Canadian resort behemoth that owns Whistler Blackcomb, Copper Mountain, and operates Winter Park, has agreed to purchase for $265m.

This is probably a great thing for Steamboat. I have often heard that as the top revenue generator in the American Skiing Company organization, Steamboat was in the position of subsidizing ASC’s other, much smaller operations. As a part of Intrawest, Steamboat will probably be required to get lean, become more focused, and plow funds into the base area—which Steamboat sorely needs. That attention seems to have been lacking under ASC. On the other hand, it will be very interesting to see how well the Steamboat and Intrawest cultures can get along.

See also:

• CBC: Intrawest pays US$265M for Steamboat Ski and Resort Corp. of Colorado
• Reuters: American Skiing says to sell Colorado resort for $265 mln
• Rocky Mountain News: Steamboat Ski Resort sold to Fortress’ Intrawest for $265M

posted by: Jason Swihart

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