August 1st, 2017 by Ben Miller
The sale of Intrawest Resort Holdings Inc. of Denver for $1.5 billion is complete.
Intrawest, which operates the Winter Park ski area for the city of Denver and owns the Steamboat ski area, was sold to the operator of the Aspen Snowmass ski areas and a Denver private equity firm, KSL Capital Partners.
In the aftermath of the deal, KSL’s Bryan Traficanti was named interim CEO, while a search for a new CEO is executed. Thomas Marano, Intrawest’s CEO, resigned his position, the companies said in a statement.
Other personnel moves announced include David Perry, previously vice president and COO of Aspen Skiing Company, was named the newly integrated company’s president and COO. And Sky Foulkes, previously the president of Winter Park Resort and COO of Intrawest, is now the full time president and COO of Winter Park Resort.
The company added that for the upcoming 2017/2018 ski season, it will continue to honor ski passes including the Rocky Mountain Super Pass +, the M.A.X. Pass, and the Mountain Collective.
Aspen Skiing Co. owns four Aspen resorts: Snowmass, Buttermilk, Aspen Mountain and Aspen Highlands. The privately held company is owned by the Crown family of Chicago. KSL operates Squaw Valley and Alpine Meadows ski areas at Lake Tahoe in California.
Ben Miller contributes to the Denver Business Journal and compiles the Morning Edition email newsletter. Contact him at firstname.lastname@example.org.
read more at https://www.bizjournals.com/denver/news/2017/08/01/intrawest-1-5b-deal-is-complete-interim-ceo-is.html