Intrawest, the parent company of Steamboat Ski and Resort Corp., has filed with the Securities and Exchange Commission to regain its stature as a publicly held company through a $100 million stock offering.

Photo by John F. Russell

Intrawest, the parent company of Steamboat Ski and Resort Corp., has filed with the Securities and Exchange Commission to regain its stature as a publicly held company through a $100 million stock offering.

Intrawest IPO says Steamboat Ski Area owner could look near and far for acquisitions

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Comments

Scott Wedel 1 year, 1 month ago

The Mountain Collective is a joke that offers 2 days at each of the resorts. Who is going to ski 2 days at 6 different regions?

Vail Resorts seems to be the one company intent on growing the ski industry. Taking over a resort and then cutting prices and giving small hill skiers free days at Vail? That is a deal that encourages skiing. And a heck of a business model to drive season pass sales which guarantees revenues. And they probably consider the viability of a direct flight airline program to Vail from the marketing area of their purchases.

Not that Vail Resorts can control or dominate the ski industry, but they have a working business model that adds value to the ski resorts they acquire.

Meanwhile, Intrawest was once the master of ski area resort real estate development has lost that touch and reputation. Remember how excited locals were when the purchase of SB by Intrawest was announced? The big benefit was expected to be far more than just a really nice replacement of the Four Points hut.

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John Fielding 1 year, 1 month ago

I'm glad that they have such optimistic projections for increases in the economy. Personally, i see a potential sharp downturn if millions of families have to pay hundreds a month more for their health policies. That money will come right out of vacation budgets.

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jerry carlton 1 year, 1 month ago

Sounds like a good investment for ASC investors to recoup their losses if you believe in flying pigs. Maybe they can get Les Otten to invest.

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