October 18, 2006 |
Intrawest Corp. will continue to expand, the ski resort operator's chief executive said, and the company's takeover by Fortress Investment Group should make that process easier. Shareholders voted 99.9% in favor of the $2.8-billion offer by New York-based Fortress, which will privatize Vancouver, Canada-based Intrawest. The company has interests in resorts including Mammoth Mountain in the Eastern Sierra and Whistler Blackcomb in British Columbia, Canada.
December 10, 1996 |
Vancouver, Canada-based Intrawest Corp. said it will spend about $183.9 million to build a year-round resort village at the base of Squaw Peak at Lake Tahoe. The Canadian resort operator said it will, through an agreement with Squaw Valley Ski Corp., acquire and convert land currently used for parking into a pedestrian village with restaurants, shopping and nightclubs. The resort will have about 700 residential units and 110,000 square feet of commercial space, the company said.
August 13, 2004 |
Intrawest Corp. said Thursday that it would sell a majority interest in its commercial properties at nine resorts -- including Mammoth Mountain and Squaw Valley in California -- to a real estate investment trust in a transaction valued at $160 million. The agreement calls for CNL Properties Inc. of Orlando, Fla., to acquire an 80% interest in the resort operator's commercial properties. Intrawest will continue as property and leasing manager and retain a 20% stake.
April 12, 2005 |
Investors jumped at the chance to purchase hotel room condominiums in Mammoth Lakes, buying all 141 units for sale at the Westin Monache in less than four hours Saturday, the developers said. Prices ranged from $405,000 to just under $1.3 million, said Douglas Ogilvy of Intrawest Corp., a Canadian developer that has spent the last 15 years working to remake Mammoth into an international ski resort destination. Roger Vincent
December 17, 2000 |
High fuel prices claimed another airline victim this month, the small, Fresno-based Allegiant Air, which filed for Chapter 11 federal bankruptcy protection last week after suspending most scheduled flights, including service to Long Beach; South Lake Tahoe, Calif.; Reno; and Portland, Ore. It planned to continue scheduled flights between Fresno and Las Vegas, plus charters. Earlier, Las Vegas-based National Airlines and Texas-based Legend Airlines filed for Chapter 11. . . .
August 2, 1997 |
The "Beast of the East" is moving West. American Skiing Co. on Friday agreed to buy two Western ski resorts for $288 million in a deal that would make it the biggest ski resort operator in the United States. American Skiing agreed to buy Steamboat Ski Resort in Steamboat Springs, Colo., and Heavenly Ski Resort in Lake Tahoe on the California-Nevada border from Kamori International Corp., a closely held company that also owns hotels in Japan and has assets at a French ski resort.