NewEnglandSkiHistory.com
CT
|
Maine
|
Massachusetts
|
New Hampshire
|
RI
|
Vermont
SkiNewEngland.net
 
Ski Area Management History
Intrawest
New England Ski Presence: 1994-present

Intrawest dates back to 1976, when it was started by Joe Houssian as a Canadian real estate development company. The company entered the ski industry in the mid 1980s when it purchased Blackcomb Mountain. A few years later, Intrawest acquired Mont Tremblant in Quebec.

Intrawest logo Intrawest entered the New England ski industry in 1994 when it purchased Stratton Mountain from Victoria USA, Inc. Within the new few seasons, four high speed detachable six person chairlifts were installed.

Around this time, Intrawest purchased Whistler Mountain and merged with Blackcomb. In addition, Snowshoe Mountain in West Virginia was acquired, as well as a stake in Mammoth Mountain in California.

In 1999, Intrawest became part owner of Blue Mountain in Ontario. A few years later, Intrawest became operator of Winter Park in Colorado.

On October 26, 2006, Fortress Investment Group LLC purchased Intrawest for $2.8 billion. Fortress then went public in February of 2007.

On March 1, 2007, American Skiing Company sold Steamboat to Intrawest for $265 million.

Dealing with financial issues, Intrawest began unloading properties in late 2009. Copper Mountain was sold November 2009, followed by Mountain Creek in May 2010. Also around this time, Intrawest missed loan payments on its Whistler Blackcomb holdings, eventually resulting in Intrawest divesting its remaining holdings in 2012.

On November 12, 2013, it was announced that Intrawest had filed for an estimated $100 million initial public offering. Trading New York Stock Exchange under the ticker symbol SNOW, 3.125 million shares were sold by Intrawest for $12.00 per share on February 5, 2014. Fortress sold 14.844 million shares, retaining the proceeds.

Intrawest Resources on NewEnglandSkiHistory.com:
  • Stratton Mountain Resort


  • Intrawest External Links:
  • Intrawest - official web site


  • Last updated: April 22, 2015
    Also on NewEnglandSkiHistory.com...
    The Hermitage Club at Haystack Mountain?
    The Hermitage Club at Haystack Mountain?
    A grand hotel in northern New Hampshire
    A grand hotel in northern New Hampshire
    Taking the New England ski industry by storm - fan guns
    Taking the New England ski industry by storm - fan guns
    A ski area built on Massachusetts' highest peak that never opened...
    A ski area built on Massachusetts' highest peak that never opened...
    Berkshire Snow Basin, Swift River, and the Ninja Turtles
    Berkshire Snow Basin, Swift River, and the Ninja Turtles
    An area partially constructed near Manchester, NH?
    An area partially constructed near Manchester, NH?
       CCC Trails    Cancelled Ski Areas    Expansions    Lifts    Management    Maps    News    Then and Now    Timelines    Topics    In The Press    Links    Site Map    What's New    Feedback

    Copyright 2002-2017, All Rights Reserved.