December 20, 2006
Officials from American Skiing Co. and Intrawest closed Thursday on the sale of the Steamboat Ski Area for $265 million.
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Intrawest buys Steamboat for $265 million
American Skiing Company's ownership of the Steamboat Ski Area came to an end today as Intrawest finalized its purchase of the resort. Intrawest announced the closing this afternoon. The deal was announced Dec. 19.
Veteran ski industry owner, operator buys Steamboat
The Steamboat Ski Area is being purchased by a veteran ski resort developer and operator with access to significant financial resources. Intrawest announced Tuesday that it has reached an agreement to buy Steamboat Ski and Resort Corp. and its related assets from American Skiing Co. for $265 million. The deal is expected to close in late March.