December 19, 2006
Ski School instructor David Boswell, center, helps a 5-year-old beginner skier onto Southface lift Monday afternoon with the help of lift operator Ricky Comeau, right. Employees were told Tuesday morning that Intrawest ULC is acquiring the ski area for $265 million.
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$265 million deal announced today
Intrawest ULC has agreed to buy the Steamboat Ski Area and related assets for $265 million, American Skiing Co. CEO B.J. Fair announced today. The deal will bring an end to ASC's 10-year run as the ski area's owner. Included in the sale are the resort and all resort-owned operations, all of Steamboat's resort-owned real estate assets, the commercial core of the Steamboat Grand Hotel and Condominiums and the company's interest in the Walton Pond Apartments complex.
Despite hosting prospective buyers, ski area tight-lipped
As thousands of winter vacationers begin to pour into the Yampa Valley for the holidays, the Steamboat Ski Area remains the property of American Skiing Co.