Tuesday, October 24, 2006

Intrawest and Fortress in Steamboat today looking at the Ski Area

As you know the Steamboat Ski area is for sale. I understand that Intrawest, the owner of Whistler and Blackcomb along with several other areas, is meeting with American Skiing Executives here in Steamboat today for late stage discussions on their bid. Intrawest in the process of being bought by the Fortress Group a large fund out of New York for $1.8B so Fortress is effectively the bidder. There may be one other bidder in town this week and a straggler in early November so hopefully we will know more soon. Here's to finding a buyer that understands what is special about Steamboat and the Ski Area they are buying so they can preserve that while bringing positive changes to the mountain and our ski experience.

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