Intrawest
Encyclopedia
Intrawest ULC
is a developer and operator of destination resorts and a luxury adventure travel company. The company was founded in 1976 as a privately funded real estate development company. In 2006, Intrawest was purchased by Fortress Investment Group
, a private equity investment company, which resulted in the company being delisted from the Toronto Stock Exchange and New York Stock Exchange. Fortress was under financial pressure related to the Intrawest debt, but a new loan with a single lender was completed in April 2010 and all prior lenders were repaid in full.
. The company later went public, listed on the Toronto and New York Stock Exchanges and, in 1996, merged with Whistler Mountain Ski Corporation to form Whistler Blackcomb
resort, a venue of the 2010 Winter Olympics
and Paralympic Games.
Today, the Intrawest network of resorts includes mountain resorts
, as well as a warm-weather resort in Florida, Sandestin
. Intrawest also operates Club Intrawest, a private resort club with nine locations in North America. The company is the largest developer and operator of resort properties in North America
offering skiing
, snowboarding
, golf
, mountain biking
, lodging, and real estate opportunities at each of its resorts. Intrawest develops real estate at its resorts and at other locations across North America and in Europe. The company owns Canadian Mountain Holidays, the largest heli-skiing operation in the world.
Unlimited liability corporation
Unlimited Liability Corporations exist in three of Canada's 10 provinces - Alberta , Nova Scotia , and British Columbia....
is a developer and operator of destination resorts and a luxury adventure travel company. The company was founded in 1976 as a privately funded real estate development company. In 2006, Intrawest was purchased by Fortress Investment Group
Fortress Investment Group
Fortress Investment Group LLC is an investment management firm based in New York, New York. The company went public on February 9, 2007.-History:...
, a private equity investment company, which resulted in the company being delisted from the Toronto Stock Exchange and New York Stock Exchange. Fortress was under financial pressure related to the Intrawest debt, but a new loan with a single lender was completed in April 2010 and all prior lenders were repaid in full.
History
In 1986, Intrawest acquired Blackcomb Mountain from the Federal Business Development Bank, a Canadian Crown Corporation, and Fortress Mountain of Alberta (no relation to Fortress Investments LLC), a wholly owned division of Aspen Skiing CompanyAspen Skiing Company
The Aspen Skiing Company, known locally as "Ski Co", is a commercial enterprise based in Aspen, Colorado in the United States.-History:Founded in 1946 by Walter Paepcke, it operates the Aspen/Snowmass resort complex, comprising four ski areas near the town of Aspen...
. The company later went public, listed on the Toronto and New York Stock Exchanges and, in 1996, merged with Whistler Mountain Ski Corporation to form Whistler Blackcomb
Whistler-Blackcomb
Whistler Blackcomb is a major ski resort located 125 km north of Vancouver, in British Columbia, Canada. By many measures it is the largest ski resort in North America; it is 50% larger than its nearest competitor in terms of size, has the greatest uphill lift capacity, and until 2009, had...
resort, a venue of the 2010 Winter Olympics
2010 Winter Olympics
The 2010 Winter Olympics, officially the XXI Olympic Winter Games or the 21st Winter Olympics, were a major international multi-sport event held from February 12–28, 2010, in Vancouver, British Columbia, Canada, with some events held in the suburbs of Richmond, West Vancouver and the University...
and Paralympic Games.
Today, the Intrawest network of resorts includes mountain resorts
Ski resort
A ski resort is a resort developed for skiing and other winter sports. In Europe a ski resort is a town or village in a ski area - a mountainous area, where there are ski trails and supporting services such as hotels and other accommodation, restaurants, equipment rental and a ski lift system...
, as well as a warm-weather resort in Florida, Sandestin
Sandestin, Florida
Sandestin Golf and Beach Resort is a destination resort in Miramar Beach, Florida, United States, on Northwest Florida’s Gulf Coast. The resort is located between the Gulf of Mexico and the Choctawhatchee Bay, in Walton County...
. Intrawest also operates Club Intrawest, a private resort club with nine locations in North America. The company is the largest developer and operator of resort properties in North America
North America
North America is a continent wholly within the Northern Hemisphere and almost wholly within the Western Hemisphere. It is also considered a northern subcontinent of the Americas...
offering skiing
Skiing
Skiing is a recreational activity using skis as equipment for traveling over snow. Skis are used in conjunction with boots that connect to the ski with use of a binding....
, snowboarding
Snowboarding
Snowboarding is a sport that involves descending a slope that is covered with snow on a snowboard attached to a rider's feet using a special boot set onto mounted binding. The development of snowboarding was inspired by skateboarding, sledding, surfing and skiing. It was developed in the U.S.A...
, golf
Golf
Golf is a precision club and ball sport, in which competing players use many types of clubs to hit balls into a series of holes on a golf course using the fewest number of strokes....
, mountain biking
Mountain biking
Mountain biking is a sport which consists of riding bicycles off-road, often over rough terrain, using specially adapted mountain bikes. Mountain bikes share similarities with other bikes, but incorporate features designed to enhance durability and performance in rough terrain.Mountain biking can...
, lodging, and real estate opportunities at each of its resorts. Intrawest develops real estate at its resorts and at other locations across North America and in Europe. The company owns Canadian Mountain Holidays, the largest heli-skiing operation in the world.
Current Resorts
Resorts owned at least in part by Intrawest include:- Blue MountainBlue Mountain (Resort)Blue Mountain is an alpine ski resort in Ontario, Canada,just northwest of Collingwood. It is situated on a section of the Niagara Escarpment about 1 km from Nottawasaga Bay, and is a major destination for skiers from southern Ontario...
, OntarioOntarioOntario is a province of Canada, located in east-central Canada. It is Canada's most populous province and second largest in total area. It is home to the nation's most populous city, Toronto, and the nation's capital, Ottawa.... - Snowshoe MountainSnowshoe MountainSnowshoe Mountain is a ski resort in Snowshoe, West Virginia. The resort has skiable terrain across and covers a total area of in the Allegheny Mountains, which are a part of the vast Appalachian Mountain Range. It is positioned in the bowl shaped convergence of two mountains, Cheat and Back...
, West VirginiaWest VirginiaWest Virginia is a state in the Appalachian and Southeastern regions of the United States, bordered by Virginia to the southeast, Kentucky to the southwest, Ohio to the northwest, Pennsylvania to the northeast and Maryland to the east... - Steamboat Ski ResortSteamboat Ski ResortSteamboat Ski Area is a major ski area in northwestern Colorado, operated by the Steamboat Ski & Resort Corporation in Steamboat Springs. It is located on Mount Werner, a mountain in the Park Range in the Routt National Forest. The ski area first opened on January 12, 1963.The ski area has 165...
, ColoradoColoradoColorado is a U.S. state that encompasses much of the Rocky Mountains as well as the northeastern portion of the Colorado Plateau and the western edge of the Great Plains... - Stratton Mountain ResortStratton Mountain ResortStratton Mountain Resort is a ski area located on Stratton Mountain in Stratton, Vermont.-History:Stratton was established in 1961, and expanded rapidly into one of Vermont's largest ski areas...
, VermontVermontVermont is a state in the New England region of the northeastern United States of America. The state ranks 43rd in land area, , and 45th in total area. Its population according to the 2010 census, 630,337, is the second smallest in the country, larger only than Wyoming. It is the only New England... - Mont Tremblant ResortMont Tremblant ResortMont Tremblant Ski Resort is a year-round resort in the Laurentian Mountains of Quebec, Canada, about 130 km northwest of Montreal. It is best known as a ski destination, but also features a lake suitable for swimming and two golf courses in the summer months...
, QuebecQuebecQuebec or is a province in east-central Canada. It is the only Canadian province with a predominantly French-speaking population and the only one whose sole official language is French at the provincial level.... - Whistler BlackcombWhistler-BlackcombWhistler Blackcomb is a major ski resort located 125 km north of Vancouver, in British Columbia, Canada. By many measures it is the largest ski resort in North America; it is 50% larger than its nearest competitor in terms of size, has the greatest uphill lift capacity, and until 2009, had...
, British ColumbiaBritish ColumbiaBritish Columbia is the westernmost of Canada's provinces and is known for its natural beauty, as reflected in its Latin motto, Splendor sine occasu . Its name was chosen by Queen Victoria in 1858... - Winter ParkWinter Park ResortWinter Park Resort is an alpine ski resort in Winter Park, Colorado in the Rocky Mountains. Located just off U.S. Highway 40, the resort is about an hour and a half's drive from Denver, Colorado....
, ColoradoColoradoColorado is a U.S. state that encompasses much of the Rocky Mountains as well as the northeastern portion of the Colorado Plateau and the western edge of the Great Plains...
(Contract to operate this city park owned by the city of Denver.)
Former Resorts
- Copper MountainCopper Mountain (Colorado)Copper Mountain is a mountain located in Summit County, Colorado, about west of Denver on Interstate 70. Opened in late 1972, its most notable use is as a ski resort, owned and operated by Intrawest until Dec...
, ColoradoColoradoColorado is a U.S. state that encompasses much of the Rocky Mountains as well as the northeastern portion of the Colorado Plateau and the western edge of the Great Plains...
(November 2009) - Les Arcs 1950Les ArcsLes Arcs is a ski resort located in Savoie, France, in the Tarentaise Valley town of Bourg-Saint-Maurice. Initially created by Robert Blanc and Roger Godino...
, FranceFranceThe French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...
(October 2009) - Flaine Montsoleil developmentFlaineFlaine is the name of a ski area in the Haute Savoie region of the French Alps, and is a part of the linked Grand Massif domain. It is in the territory of the communes of Magland and Arâches. Flaine is linked to Samoëns, Morillon, Les Carroz and Sixt-Fer-à-Cheval, with 267 km of pistes in total...
, FranceFranceThe French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...
(October 2009) - Panorama Mountain VillagePanorama Ski ResortPanorama Mountain Village is a ski and golf resort located in the Purcell Mountains of British Columbia, Canada. Part of the Columbia Valley sub-region of the East Kootenay region, it is a popular tourist destination known for its rolling cliffs and spectacular view of the Rocky Mountains...
, British ColumbiaBritish ColumbiaBritish Columbia is the westernmost of Canada's provinces and is known for its natural beauty, as reflected in its Latin motto, Splendor sine occasu . Its name was chosen by Queen Victoria in 1858...
(January 2010) - MammothMammoth Mountain Ski AreaMammoth Mountain Ski Area is a large ski resort located in Eastern California, along the east side of the Sierra Nevada mountain range in the Inyo National Forest.- Description :...
, CaliforniaCaliforniaCalifornia is a state located on the West Coast of the United States. It is by far the most populous U.S. state, and the third-largest by land area...
(March 2006) - Mountain CreekMountain CreekMountain Creek is the ski resort closest to New York metropolitan area, located in Vernon Township, New Jersey, on Route 94, from the George Washington Bridge. It offers 167 skiable acres on four mountain peaks, 100% night skiing/snowboarding, and the region's highest vertical feet. Mountain Creek...
, New JerseyNew JerseyNew Jersey is a state in the Northeastern and Middle Atlantic regions of the United States. , its population was 8,791,894. It is bordered on the north and east by the state of New York, on the southeast and south by the Atlantic Ocean, on the west by Pennsylvania and on the southwest by Delaware...
(May 2010) - Sandestin Golf & Beach ResortSandestin, FloridaSandestin Golf and Beach Resort is a destination resort in Miramar Beach, Florida, United States, on Northwest Florida’s Gulf Coast. The resort is located between the Gulf of Mexico and the Choctawhatchee Bay, in Walton County...
, FloridaFloridaFlorida is a state in the southeastern United States, located on the nation's Atlantic and Gulf coasts. It is bordered to the west by the Gulf of Mexico, to the north by Alabama and Georgia and to the east by the Atlantic Ocean. With a population of 18,801,310 as measured by the 2010 census, it...
(March 2010) - The Village at Squaw ValleySquaw Valley Ski ResortSquaw Valley Ski Resort in Olympic Valley, California, is one of the largest ski areas in the United States, and was the site of the 1960 Winter Olympics. It is the second-largest ski area at Lake Tahoe , with 33 chairlifts, and has the only funitel lift in the U.S...
, CaliforniaCaliforniaCalifornia is a state located on the West Coast of the United States. It is by far the most populous U.S. state, and the third-largest by land area...
(January 2010)