Intrawest to buy Steamboat
Denver Post is reporting this morning that Intrawest will buy Steamboat…
“Front Range skiers could snag discount passes to Steamboat Ski & Resort as soon as next winter now that Intrawest has agreed to buy the resort for $265 million. If the deal announced Tuesday closes as expected next spring, the company hopes to package Steamboat with the two other Colorado resorts it has a stake in - Copper Mountain and Winter Park Resort.
Steamboat was put on the market in July by Park City, Utah-based American Skiing Co. The financially troubled company almost sold the north-central Colorado resort to an investor group four years ago for $91 million but backed out at the last minute.”