Intrawest’s New Owners
by Osman Parvez
Resort operator Intrawest announced a buy-out this morning. The company, which owns Copper Mountain and Winter Park, among other resorts was purchased for $2.8BN by Fortress Investment.
“Over the past five months, we have thoroughly analyzed the financial and strategic options for the company and believe that the value inherent in this transaction is in the best interests of all of our shareholders,” said Joe Houssian, Intrawest’s Chairman and CEO.
As real estate in resort and second home markets continues to transition, I’d expect to see more deals like this one. Also, look to Fortress to begin selling off some non core assets of Intrawest.
Note: Other sources tag the purchase price at $1.8Bn.
—-
Want to get blog updates via email? Click HERE.
Ready to buy or sell? Schedule an appointment or call 303.746.6896.
You can also like our Facebook page or follow us on Twitter.
As always, your referrals are deeply appreciated.
—
The ideas and strategies described in this blog are the opinion of the writer and subject to business, economic, and competitive uncertainties. We strongly recommend conducting rigorous due diligence and obtaining professional advice before buying or selling real estate.
Intrawest’s New Owners
by Osman Parvez
Resort operator Intrawest announced a buy-out this morning. The company, which owns Copper Mountain and Winter Park, among other resorts was purchased for $2.8BN by Fortress Investment.
“Over the past five months, we have thoroughly analyzed the financial and strategic options for the company and believe that the value inherent in this transaction is in the best interests of all of our shareholders,” said Joe Houssian, Intrawest’s Chairman and CEO.
As real estate in resort and second home markets continues to transition, I’d expect to see more deals like this one. Also, look to Fortress to begin selling off some non core assets of Intrawest.
Note: Other sources tag the purchase price at $1.8Bn.
—-
Want to get blog updates via email? Click HERE.
Ready to buy or sell? Schedule an appointment or call 303.746.6896.
You can also like our Facebook page or follow us on Twitter.
As always, your referrals are deeply appreciated.
—
The ideas and strategies described in this blog are the opinion of the writer and subject to business, economic, and competitive uncertainties. We strongly recommend conducting rigorous due diligence and obtaining professional advice before buying or selling real estate.
Related Posts
Share This Listing!
More about the author
Osman Parvez
Owner & Broker at House Einstein as well as primary author of the House Einstein blog with over 1,200 published articles about Boulder real estate. His work has appeared in the Wall Street Journal and Daily Camera.
Osman is the primary author of the House Einstein blog with over 1,200 published articles about Boulder real estate. His work has also appeared in many other blogs about Boulder as well as mainstream newspapers, including the Wall Street Journal and Daily Camera. Learn more about Osman.
Work with
House Einstein
Thinking about buying or selling and want professional advice?
Call us at 303.746.6896
Your referrals are deeply appreciated.
