Intrawest buyout complete: Steamboat, Aspen and Winter Park united in one company

snowmass

Snowmass is one of the resorts already owned by Henry Crown and Co. (BusinessDen file photo)

Pass warfare is brewing.

KSL Capital Partners and Henry Crown and Co. (owner of Aspen Skiing Co.) completed the acquisition of Intrawest Resort Holdings Inc. and Mammoth Resorts. The deal unites Colorado’s Steamboat Ski Resort, Aspen and Winter Park Resort with 10 other resorts across North America, including California’s Squaw Valley.

The new company will keep the Rocky Mountain Super Pass Plus and the Mountain Collective ski pass options for the upcoming 2017-2018 ski season. But it expects to launch a new brand that could include a unified pass option to rival Vail’s Epic Pass, according to a press release.

Denver-based private equity fund KSL Capital Partners recently raised $283 million, according to an SEC Form D filed July 21. KSL declined to comment.

KSL’s Bryan Traficanti recently was named interim CEO while the ski mountain operator searches for a new head.

Stockholders will get $23.75 per share of Intrawest, which is no longer trading on the New York Stock Exchange. Its total valuation was $1.5 billion, according to the press release.

snowmass

Snowmass is one of the resorts already owned by Henry Crown and Co. (BusinessDen file photo)

Pass warfare is brewing.

KSL Capital Partners and Henry Crown and Co. (owner of Aspen Skiing Co.) completed the acquisition of Intrawest Resort Holdings Inc. and Mammoth Resorts. The deal unites Colorado’s Steamboat Ski Resort, Aspen and Winter Park Resort with 10 other resorts across North America, including California’s Squaw Valley.

The new company will keep the Rocky Mountain Super Pass Plus and the Mountain Collective ski pass options for the upcoming 2017-2018 ski season. But it expects to launch a new brand that could include a unified pass option to rival Vail’s Epic Pass, according to a press release.

Denver-based private equity fund KSL Capital Partners recently raised $283 million, according to an SEC Form D filed July 21. KSL declined to comment.

KSL’s Bryan Traficanti recently was named interim CEO while the ski mountain operator searches for a new head.

Stockholders will get $23.75 per share of Intrawest, which is no longer trading on the New York Stock Exchange. Its total valuation was $1.5 billion, according to the press release.

This story is for our paid subscribers only. Please become one of the thousands of BusinessDen members today!

Your subscription has expired. Renew now by choosing a subscription below!

For more informaiton, head over to your profile.

Profile


SUBSCRIBE NOW

 — 

 — 

 — 

TERMS OF SERVICE:

ALL MEMBERSHIPS RENEW AUTOMATICALLY. YOU WILL BE CHARGED FOR A 1 YEAR MEMBERSHIP RENEWAL AT THE RATE IN EFFECT AT THAT TIME UNLESS YOU CANCEL YOUR MEMBERSHIP BY LOGGING IN OR BY CONTACTING [email protected].

ALL CHARGES FOR MONTHLY OR ANNUAL MEMBERSHIPS ARE NONREFUNDABLE.

EACH MEMBERSHIP WILL ONLY FUNCTION ON UP TO 3 MACHINES. ACCOUNTS ABUSING THAT LIMIT WILL BE DISCONTINUED.

FOR ASSISTANCE WITH YOUR MEMBERSHIP PLEASE EMAIL [email protected]




Return to Homepage

Leave a Reply

Your email address will not be published. Required fields are marked *