intrawest

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Bill Rock leaves Snowshoe GM position for Northstar

Bill Rock leaves Snowshoe GM position for Northstar

Just as the ski season is about to launch, it has been announced that Bill Rock, who has served as Snowshoe’s president and chief operating officer since 2005, is leaving to take the helm at a ski resort owned by another company. Rock will leave Intrawest-owned Snowshoe to become general manager at a California ski [...]

Intrawest sells Mountain Creek

Intrawest sells Mountain Creek

Snowshoe’s parent company Intrawest appears to have shed another resort asset as part of its ongoing effort to curtail debt in the wake of the last winter’s embarrassing threatened foreclosure. A New Jersey newspaper is reporting that the resort long known as Vernon Valley and/or Great George, but which operated under Intrawest as Mountain Creek, [...]

Fortress gets to keep Intrawest, after all

Thanks to several recent sales of once-promising resorts and a reported infusion of $150 million in new money, Snowshoe’s parent company, Intrawest, will remain in the hands of the hedge fund, Fortress, that nearly lost the chain of resorts in the middle of the Olympic Games.

The ever-shrinking Intrawest…

Panorama, Copper, Squaw; and now it’s sunny Sandestin that appears to be leaving the Fortress/Intrawest resort chain. The good news for us Snowshoers is that reducing debt = higher likelihood of investment in the other Intrawest assets, e.g. Snowshoe.

Intrawest has also sold Squaw Village

Intrawest has also sold Squaw Village

Snowshoe’s parent company appears to have accelerated its efforts to shed assets to raise cash to hold off creditors who have threatened to take over the company’s assets — as Intrawest’s sale of the Village at Squaw, a major component of Squaw Valley, was announced January 29, just a day after a proposed sale of Panorama Village, [...]

Winter Olympics, auction in fortnight

Winter Olympics, auction in fortnight

The Winter Olympics are just 15 days away. And although alpine site Whistler/Blackcomb (and Snowshoe) would have suffered the ignominy of learning that they could be sold off in a foreclosure auction amid the games due to the failure of parent company Fortress Investment Group to make a $524 million loan payment last month, the [...]

Snowshoe parent sheds Copper like an old penny

Shedding Copper Mountain, the place that Intrawest had been transforming from Denver day-area to bustling destination resort, comes at such an importune time, the Wall Street Journal reports, that the company — which owns Snowshoe — probably realized no gain for all its hard work and investment. In July, Intrawest’s boss said times are tough.

Intrawest sells two French resorts

Intrawest sells two French resorts

Snowshoe’s corporate owner Intrawest has announced the pending sale of two resorts in the Haute-Savoie region of the French Alps. A French resort operator called Pierre et Vacances will buy the lodging and commercial operations at Intrawest’s Arc 1950 Resort (part of Les Arcs) and Flaine Montsoleil (part of Flaine). In both places, Intrawest had [...]

Intrawest boss predicts slow industry recovery

Intrawest boss predicts slow industry recovery

The man who runs Snowshoe’s parent company – which he has already said is in survival mode – issued another dire statement about the ski business. It’s in for a long, slow recovery, perhaps two seasons, Intrawest CEO Bill Jensen told an annual ski conference in Whistler, home of the company’s largest resort. The prediction comes just three months [...]

Yellowstone Club: How a ski resort can go wrong

Yellowstone Club: How a ski resort can go wrong

Although it’s most of a contintent away, the Yellowstone Club bankruptcy may hold an instructive lesson for Snowshoe, as the Club — according to people quoted in an in-depth June 14 New York Times story — was a successful enterprise until its founder decided to pile on $375 million in debt to take the concept worldwide. Snowshoe, meanwhile, has [...]

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