KSL and Aspen to buy Intrawest Resorts in $1.5B deal
April 11, 2017
Hotels and Resorts | Denver, CO | Public-to-Private Buyout
KSL Capital Partners and Aspen Skiing have agreed to purchase Intrawest Resorts (NYSE: SNOW) for $23.75 per share in cash, representing a valuation of $1.5 billion, including debt. That price represents a 40% premium to Intrawest's stock on January 12, the day before reports of a possible sale emerged. Intrawest operates six North American mountain resorts spread across Canada, Colorado, West Virginia and Vermont, boasting about 8,000 skiable acres and 1,100 acres of land pegged for development.