Intrawest
From Wikipedia, the free encyclopedia
Intrawest is a company offering destination resorts and luxury adventure travel. The company was founded in 1976 as a real estate development company. In 1986, Intrawest acquired Blackcomb Mountain from the Aspen Skiing Company. Ten years later, Intrawest acquired Whistler Mountain to form Whistler Blackcomb resort, a host venue of the 2010 Winter Olympics and Paralympic Games.
Today, the Intrawest network of resorts includes 10 mountain resorts, Sandestin Golf & Beach Resort and Club Intrawest, a private resort club with nine locations throughout North America. The company is the largest developer and operator of resort properties in North America offering skiing, snowboarding, golf, mountain biking, lodging and real estate opportunities at each of its resorts. Intrawest develops real estate at its resorts and at other locations across North America and in Europe.
The company owns Canadian Mountain Holidays, the largest heli-skiing operation in the world, and a majority interest in Abercrombie & Kent, which offers luxury adventure travel.
Resorts owned at least in part by Intrawest include:
- Blue Mountain, Ontario
- Copper Mountain, Colorado
- Mammoth, California
- Mountain Creek, New Jersey
- Panorama Mountain Village, British Columbia
- Sandestin Golf & Beach Resort, Florida
- Snowshoe Mountain, West Virginia
- Stratton Mountain, Vermont
- The Village at Squaw Valley, California
- Tremblant, Quebec
- Whistler Blackcomb, British Columbia
- Winter Park, Colorado
- Zihuatanejo, Guerrero, Mexico
- Les Arcs 1950, France
On October 26, 2006 Intrawest was purchased by Fortress Group LLC, a private equity investment company for the amount of approimateley US$2.8 billion. This purchase took the New York listed stock "IDR" private. Intrawest investors recieved $35/share cash.