Apr
12
Aspen Skiing, KSL Capital Nab Intrawest Resorts in $1.5B Deal
ByScheduled to close during the third quarter, the deal includes resorts in the U.S. and Canada, an adventure travel business and more than 1,000 acres of land.
The shakeup on the slopes continues this week with the announcement that affiliates of Aspen Skiing Co. LLC and KSL Capital Partners will acquire Intrawest Resort Holdings Inc., a leading North American mountain resort and adventure company, in a deal valued at $1.5 billion.
Intrawest wholly owns or operates six four-season mountain resorts including Stratton Mountain in Vermont, Steamboat in Colorado and Mont Tremblant in Quebec, Canada, as well as an adventure travel business. Perhaps just as attractive as the ski resorts is the more than 1,100 acres of land available for real estate development that Intrawest also owns across the United States and Canada…
Aspen Skiing, KSL Capital Nab Intrawest Resorts in $1.5B Deal
