KSL/Aspen/Intrawest sale a done deal as of 7/31/17

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marznc marznc
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KSL/Aspen/Intrawest sale a done deal as of 7/31/17

The closing of the Aspen/KSL/Intrawest was completed on 7/31/17.

Here's the best summary of the closing I’ve found so far. Intrawest is no longer a public company. The buzz around the various Intrawest ski resorts varies quite a bit. From the Steamboat blog, would hardly know that Intrawest owned any other ski resorts.  I get the sense that regulars at Tremblant are paying close attention but don’t seem worried.  The folks at Mammoth are a bit more nervous given the change at the top.  Given that there is no change in top management at Snowshoe, most folks who drive there won't notice.

http://www.sierrasun.com/news/busin…er-deal-completed-that-includes-squaw-valley/

Some people are still confused about the fact that Aspen Ski Co. remains a separate business entity.   Of course, with former ASC VP and COO, David Perry, as COO of the new corporation, the expectation is a good working relationship with ASC going forward.

The media reports include the following numbers:

* 12 resorts
* Over 20,000 acres
* About 6 million skier visits in 2016-17

Any guesses for the name of the new company?  

 
Z Z
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Re: KSL/Aspen/Intrawest sale a done deal as of 7/31/17

What biggest than MAX or Epic?  Ultra Pass anyone
"It is better to go skiing and think of God, than go to church and think of sport."
Artic Explorer Fridtjof Nansen
marznc marznc
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Re: KSL/Aspen/Intrawest sale a done deal as of 7/31/17

Z wrote
What biggest than MAX or Epic?  Ultra Pass anyone
You thinking about acreage or skier visits?

I'm very interested in what Aspen/Snowmass does in terms of the MCP for 2018-19 when the new KSL/Intrawest resorts have figured out their multi-resort options.  I enjoyed the few days I've skied here, which were planned because I had other reasons to buy the MCP.  Would like to go back for a full week mid-season some time.

Officially, I think the sale is not KSL/Aspen/Intrawest but KSL/Henry Crown and Co/Intrawest.  The Crown family's corporation invested in the KSL/Intrawest deal but kept ownership of Aspen Ski Company separate.  But who outside Colorado or Chicago remembers the name of the family who owns ASC?
Harvey Harvey
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Re: KSL/Aspen/Intrawest sale a done deal as of 7/31/17

In reply to this post by marznc
marznc wrote
Any guesses for the name of the new company?
I think Aspen Interwest sounds the best.
"If it's my mountain, I'm installing a fixed grip and telling the lifties to stuff the beginners into chairs as aggressively as they have to to keep it going full speed." —Brownski
Marcski Marcski
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Re: KSL/Aspen/Intrawest sale a done deal as of 7/31/17

In reply to this post by marznc
marznc wrote
Z wrote
What biggest than MAX or Epic?  Ultra Pass anyone
Officially, I think the sale is not KSL/Aspen/Intrawest but KSL/Henry Crown and Co/Intrawest.  The Crown family's corporation invested in the KSL/Intrawest deal but kept ownership of Aspen Ski Company separate.  But who outside Colorado or Chicago remembers the name of the family who owns ASC?
It is interesting that your original article you posted doesn't mention Aspen.
marznc marznc
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Re: KSL/Aspen/Intrawest sale a done deal as of 7/31/17

Marcski wrote
It is interesting that your original article you posted doesn't mention Aspen.
Even more interesting that the original article is gone.  There is a slightly different one with a different title, also dated 7/31/17.  Can't remember the first version enough to pinpoint the differences.

http://www.sierrasun.com/news/sale-closes-on-deal-to-combine-squaw-valley-ski-holdings-ksl-intrawest-and-mammoth-resorts-as-one-company/

"A new joint venture of KSL Capital Partners and Henry Crown and Company announced Monday, July 30, that the purchase of Intrawest Resort Holdings, the parent company of the Steamboat Ski Area, and of Mammoth Resorts is complete. . . ."

The Sierra Sun covers Tahoe.  Aspen probably doesn't get that many Tahoe regulars.

I've noticed that the slant of the various articles about the sale closing depends a lot on the location.  The Steamboat blog entry makes it sound like there aren't any other important ski resorts owned by Intrawest.  Steamboat was a key piece of what ASC wanted in the first place.  They didn't want all the Intrawest locations.  Folks around DC are most interested to know that there won't be a change in top management at Snowshoe in WV.  The Mammoth regulars are the most nervous given a change at the top for both Mammoth and Big Bear.
marznc marznc
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Re: KSL/Aspen/Intrawest sale a done deal as of 7/31/17

For anyone interested in the business details of the sale and upper management names, check out this article.  Wonder what the list will look like in a year?

http://www.businesswire.com/news/home/20170731005699/en/Affiliates-KSL-Capital-Partners-Henry-Crown-Company

Bryan Traficanti, interim Chief Executive Officer, from KSL
David Perry, President and COO (was VP and COO of Aspen Ski Corp.)

Thomas Marano, Intrawest’s CEO, resigned his position
Rusty Gregory, Mammoth Resort’s Chairman and CEO, is an investor in the new company and will serve on the Board, and become Senior Strategic Advisor to the new company

Resort leaders as of 01Aug2017:

Andy Wirth, President and Chief Operating Officer, Squaw Valley Ski Holdings (was Pres. and CEO of SVSH)
Mark Brownlie, President and Chief Operating Officer, Mammoth Resorts (newly appointed)
Wade Reeser, General Manager, Big Bear Resort (reporting to Mark Brownlie)
Rob Perlman, President and Chief Operating Officer, Steamboat Ski & Resort
Sky Foulkes, President and Chief Operating Officer, Winter Park Resort (was Pres. WP and COO Intrawest)
Patrice Malo, President and Chief Operating Officer, Mont Tremblant Resort
Dan Skelton, President and Chief Operating Officer, Blue Mountain Ski Resort
Bill Nupp, President and Chief Operating Officer, Stratton Mountain Resort
Frank DeBerry, President and Chief Operating Officer, Snowshoe Mountain Resort
Jeremy Levitt, President and Chief Operating Officer, Canadian Mountain Holidays
Jeff Denomme, President, Alpine Aerotech
Z Z
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Re: KSL/Aspen/Intrawest sale a done deal as of 7/31/17

http://unofficialnetworks.com/2017/08/03/is-the-kslaspen-shopping-spree-finally-over-we-dont-think-so/

speculation that Snowbasin and Sun Valley are the next ones in the merger bulls eye.  Snowbasin makes the most sense for Aspen as they don't have a Utah resort and Epic has PC.  Snowbasin is 1000% times better in my book than Park City.

Sun Valley fits both Aspen and Vail's demo.

I still think Okemo will be the next domino to fall in the East and I think that its a must buy for Aspen or Epic to take the lead over the other in the east.  It would pair well with Stratton and Tremblant and it a good demo market even though its pretty bland skiing in my book.  I'm sure Epic is focusing on Smuggs but Okemo makes a ton of sense for them too.  I would believe that company would also package its other two resorts in Crested Butte and Sunapee as well in any sale.
"It is better to go skiing and think of God, than go to church and think of sport."
Artic Explorer Fridtjof Nansen
marznc marznc
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Re: KSL/Aspen/Intrawest sale a done deal as of 7/31/17

Z wrote
I still think Okemo will be the next domino to fall in the East and I think that its a must buy for Aspen or Epic to take the lead over the other in the east.  It would pair well with Stratton and Tremblant and it a good demo market even though its pretty bland skiing in my book.  I'm sure Epic is focusing on Smuggs but Okemo makes a ton of sense for them too.  I would believe that company would also package its other two resorts in Crested Butte and Sunapee as well in any sale.
What about Jay Peak?
Marcski Marcski
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Re: KSL/Aspen/Intrawest sale a done deal as of 7/31/17

Not sure if anyone saw this or if this is the proper thread for this information but I think I remember Coach Z posting his thoughts/predictions as the next ones to "fall" in this thread.

http://unofficialnetworks.com/2017/08/03/is-the-kslaspen-shopping-spree-finally-over-we-dont-think-so/
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