On Monday, April 10, 2017 Aspen Skiing Co partnered with Denver’s KSL Partners to acquire Intrawest Resorts Holdings for $1.5 billion, including debt. They will create a new company based in Denver that will manage their new quiver of resorts. This is massive news for the ski industry!
Intrawest Resorts operates resorts such as Steamboat, Winter Park, Tremblant, Blue Mountain, Stratton Mountain, and Snowshoe – plus Canadian Mountain Holidays (CMH) and numerous lodging properties. KSL also owns Squaw Valley-Alpine Meadows. Aspen Skiing Company will continue to be operated separately from Intrawest and Squaw.
It will be interesting to see how this deal changes the ski industry – especially how it will impact Vail Resorts’ Epic Pass. We’ll be on the look out for further developments as they come up. Stay tuned.
In the meantime, what ski pass will you buy for the 2017/2018 season?