KSL Capital Partners & Aspen Skiing To Acquire Intrawest For Nearly $1.5 Billion

According to Nasdaq, Aspen Skiing and KSL Capital Partners, owners of Squaw Valley Alpine Meadows, are expected to acquire Intrawest Resort Holdings for about $1.5 billion, including debt. Intrawest stockholders are expected to receive $23.75 in cash for each share of Intrawest common stock, which adds up to the $1.5 billion purchase price, including debt. The compensation of $23.75 per share represents a 40% premium over $16.97 per share, Intrawest’s closing stock price on January 12, 2017.

KSL Investments:

• The Belfry
• ClubCorp
• East West Partners
• The James Royal Palm
• Miraval Resort & Spa
• Squaw Valley – Alpine Meadows Ski Resort
• St. Regis At Monarch Beach
• Realized Control
• Orientated Investments
• Barton Creek Resort & Spa
• The Bay Club Company
• The Grove Park Inn
• The Omni Homestead Resort
• La Costa Resort & Spa
• Montelucia Resort & Spa
• Orion Expedition Cruises
• Rancho Las Palmas Resort & Spa
• KSL Recreation Corporation
• 24% Ownership of Whistler

Intrawest Investments:

• Blue Mountain, Ontario
• Snowshoe Mountain, West Virginia
• Steamboat Ski Area, Colorado
• Stratton Mountain Resort, Vermont
• Mont Tremblant Resort, Quebec
• Canadian Mountain Holidays, Alberta
• Winter Park, Colorado
• Zihuatanejo, Mexico

According to Reuters, Intrawest will be purchased by a newly-formed entity controlled by affiliates of Aspen Skiing and KSL Capital. The deal is expected to close by the end of the third quarter of 2017.

KSL Capital Partners was founded by the former President and CEO of Vail.