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Tag Archives: intrawest
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 … Continue reading
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 … Continue reading
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 … Continue reading
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
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 … Continue reading
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 … Continue reading
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 … Continue reading
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 … Continue reading
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 … Continue reading
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 … Continue reading