Intrawest to take control of Blue Mountain Ski Resort for $58 mln
Intrawest Resorts Holdings Inc (NYSE: SNOW) has agreed to acquire the 50 percent interest in Blue Mountain Ski Resort that it does not currently own from Blue Mountain Resorts Holdings Inc for $58 million. A ski resort with summer amenities located northwest of Toronto, Blue Mountain was been affiliated with Intrawest since 1999, when the mountain resort and adventure company acquired its original 50 percent interest. With principal Canadian offices in Vancouver and Banff, Alberta, Intrawest is a portfolio investment of U.S. private equity firm Fortress Investment Group. The company went public in January.
15 September 2014•6 mins read
