DENVER (AP) – A ski resort company that stretches from Quebec to Colorado was purchased Monday by the Aspen Skiing Co., setting up seismic changes in a sector with few multistate ski operators.
Aspen Skiing Co. is partnering with Denver-based KSL Capital Partners to acquire Intrawest Resorts Holdings for about $1.5 billion, including debt, Aspen Skiing said in a statement.
Intrawest owns Steamboat Ski Resort in Colorado, Snowshoe in West Virginia, Stratton Mountain in Vermont, Mont Tremblant in Quebec, Blue Mountain in Ontario and the Canadian Mountain Holidays heli-skiing operation in British Columbia. Intrawest also operates Winter Park ski area in Colorado.
KSL Capital Partners owns Squaw Valley and Alpine Meadows in the Lake Tahoe area.
Aspen Skiing Co. owns the Snowmass, Aspen Mountain, Aspen Highlands and Buttermilk resorts.