January 29, 2010

Fortress Investment Sells Panorama Mountain Village Ski Resort

Whistler remains unaffected by the sale

Fortress Investment, the company that owns Intrawest, which owns a number of ski resorts, has sold off one of Intrawest's ski resorts, Panorama Mountain Village. AltAssets reports on the transaction:

The transaction will include the resort’s on-mountain and Nordic ski operations, a 50 per cent ownership stake in Greywolf Golf Course, all of Intrawest’s commercial operations and lodging units in the village, and some land available for real estate development. The transaction is expected to close in February, pending approvals.

It is important to note that another Intrawest property, Whistler ski resort, is not affected by the sale. This means that rumors surrounding a possible Vail bid for Whistler, which is hosting some Winter Olympics events, are still in force.

Topic Tags: Fortress Investment, Intrawest, Panorama Mountain Village, ski resort, Vail, Whistler, Whistler ski resort, Winter Olympics

by Ski Resort Markets

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