Reuters: Intrawest, owner of Steamboat Ski Area, exploring a sale |

Reuters: Intrawest, owner of Steamboat Ski Area, exploring a sale

Snow stacks up on a sign at the Steamboat Ski Area.
John F. Russell

— Reuters on Friday reported that Intrawest, owner of the Steamboat Ski Area, is exploring a sale.

The news agency was citing sources who wanted to remain anonymous because the talks were confidential.

“Intrawest, majority-owned by private equity firm Fortress Investment Group LLC, is in the initial stages of reaching out to potential buyers, including buyout firms, the people said,” Reuters reported. “There is no certainty that a deal will occur, they added.”

Fortress declined to comment to Reuters, and Intrawest did not respond to a request for comment.

In addition to Steamboat, Intrawest operates Winter Park in Colorado.

The company also owns the Tremblant, Stratton, Snowshoe and Blue Mountain ski areas. Additionally, Intrawest operates Canadian Mountain Holidays, a helicopter adventure company that uses its fleet to fight wildfires during the summer.

Intrawest bought Steamboat in 2007 for $265 million from American Ski Co.

In the past year, the Intrawest stock price has more than doubled, going from $8.50 per share to $18.81 at the end of trading Friday.

To reach Matt Stensland, call 970-871-4247, email or follow him on Twitter @SBTStensland

Support Local Journalism

Support Local Journalism

Readers around Steamboat and Routt County make the Steamboat Pilot & Today’s work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.

Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.

Each donation will be used exclusively for the development and creation of increased news coverage.


Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.

User Legend: iconModerator iconTrusted User