Fortress was under financial pressure related to the Intrawest debt, but a ne… The filing states that the money is being raised, "for working capital and other general corporate purposes, which may include potential investments in, and acquisitions of, ski and adventure travel businesses and assets. About Aspen Skiing Company In May 2017, it was announced that Intrawest would no longer exist as public company after its acquisition by Henry Crown and Company and KSL Capital Partners. Intrawest Resorts Holdings, Inc. common stock is traded on the New York Stock Exchange (NYSE: SNOW). [3] Western Canada experienced above average and record snowfall amounts in some areas. The newly formed company is called Alterra Mountain Company, which was announced at the 2018 Outdoor Retailer Show in Denver, Colorado.[11]. Ski Industry Tallies 51 Million Visits in 2011/12 Season", "Denver's Intrawest Resorts files $100 million IPO", "Intrawest Resorts' (SNOW) CEO Tom Marano on Q1 2017 Results - Earnings Call Transcript", "Diamond Resorts International to Acquire Intrawest Resort Club Group | Business Wire", "The new name in ski resorts you need to know: Alterra Mountain", "Intrawest ski resort firm to be sold for $1.5B US", https://www.denverpost.com/2017/05/09/aspen-steamboat-ski-area-merger/, https://www.denverpost.com/2017/04/10/intrawest-aspen-ksl-capital/, "$1.5 billion deal rocks Colorado ski industry as Aspen Skiing Co. acquires Steamboat and operator of Winter Park resort", "Deer Valley Resort to be Acquired by Newly Formed Resort Company and Joined with Intrawest, Mammoth Resorts, and Squaw Valley Ski Holdings | The Official Blog of Deer Valley Resort", "KSL Capital Partners Acquires 24% Interest in Whistler Blackcomb Holdings Inc", British Columbia Society for the Prevention of Cruelty to Animals, British Columbia Maritime Employers' Association, Vancouver Orphan Kitten Rescue Association, https://en.wikipedia.org/w/index.php?title=Intrawest&oldid=942738281, Hospitality companies established in 1976, Companies formerly listed on the New York Stock Exchange, Hospitality companies disestablished in 2017, 2017 disestablishments in British Columbia, Creative Commons Attribution-ShareAlike License, This page was last edited on 26 February 2020, at 14:55. In 2017, Intrawest was sold to Henry Crown and Company (which owns Aspen Skiing Company[9]) and KSL Capital Partners for $1.5 billion. "[6], In 2016, Intrawest initiated significant reductions in full time staff to achieve rapid cost reductions. Today, the Intrawest network includes mountain resorts. Intrawest resorts are now operated by Alterra Mountain Company, which announced its new name at the 2018 Outdoor Retailer show in Denver, Colorado.[4]. In 1986, Intrawest acquired Blackcomb Mountain from the Federal Business Development Bank, a Canadian Crown Corporation, and Fortress Mountain of Alberta (no relation to Fortress Investments LLC), a wholly owned division of Aspen Skiing Company. Intrawest Resorts Holdings, Inc was a developer and operator of destination resorts and a luxury adventure travel company. Intrawest develops real estate at its resorts and at other locations across North America. [10] Resorts owned at least in part by Intrawest included: "A lot has been happening at Intrawest...and Snowshoe Mountain", "Intrawest strikes refinancing deal with lenders", "U.S. Fortress was under financial pressure related to the Intrawest debt, but a new loan with a single lender was completed in April 2010 and all prior lenders were repaid in full.[2]. It is unclear regarding the company's longer term strategies as it continues to display inconsistent approaches in its business and staffing model. The company owns Canadian Mountain Holidays, the largest heli-skiing operation in the world.