Editing Intrawest (section)

{{Short description|Defunct Canadian company}}
{{Infobox company
| name = Intrawest Resorts Holdings, Inc.
| logo = Intrawest.svg
| type = [[Privately held company|Private]]
| traded_as = {{NYSE was|SNOW}}
| foundation = {{start date and age|1976}}
| fate = Merged
| successor = [[Alterra Mountain Company]]
| defunct = {{end date|2017}}
| location = [[Denver]], Colorado, U.S.
| key_people = Tom Marano ([[Chief Executive Officer|CEO]])
| owner = 
| num_employees = 13,900
| website = [http://www.intrawest.com/ www.intrawest.com]
}}
'''Intrawest Resorts Holdings, Inc.''' was a developer and operator of [[Resorts#Destination resort|destination resorts]] and a luxury adventure travel company.  The company was founded in 1976 as a privately funded [[real estate development]] company.  In 2006, Intrawest was purchased by [[Fortress Investment Group]], a private equity investment company,<ref>See [http://skisoutheast.tv/article.php?table=article&mode=search&archived=0&article=1119 "A lot has been happening at Intrawest...and Snowshoe Mountain"] {{Webarchive|url=https://web.archive.org/web/20110827095320/http://skisoutheast.tv/article.php?table=article&mode=search&archived=0&article=1119 |date=2011-08-27 }}; "SkiSoutheast News", www.skisoutheast.tv, August 14, 2006.</ref> which resulted in the company being delisted from the Toronto Stock Exchange and New York Stock Exchange. Fortress was under financial pressure related to the Intrawest debt, but a new loan with a single lender was completed in April 2010 and all prior lenders were repaid in full.<ref>{{cite news | url = https://www.reuters.com/article/idUSN2711793420100427?type=marketsNews | work=Reuters | title=Intrawest strikes refinancing deal with lenders | date=April 27, 2010}}</ref>

In recent years, Intrawest has strengthened its cash flows, despite 2012 proving to be a challenging year for the American ski industry with warmer than normal temperatures and snowfall at 50% of historical averages.<ref>{{cite news | url = http://mountaintopcondos.com/u-s-ski-industry-tallies-51-million-visits-201112-season/ | title=U.S. Ski Industry Tallies 51 Million Visits in 2011/12 Season | date=May 7, 2012}}</ref> Western Canada experienced above average and record snowfall amounts in some areas.

In May 2017, it was announced that Intrawest would no longer exist as a public company after its acquisition by [[Henry Crown and Company]] and KSL Capital Partners. Intrawest resorts are now operated by [[Alterra Mountain Company]], which announced its new name at the 2018 Outdoor Retailer show in Denver, Colorado.<ref>{{cite web|last1=Blevins|first1=Jason|title=Reporter|url=https://www.denverpost.com/2017/05/09/aspen-steamboat-ski-area-merger/|website=Denver Post|date=10 May 2017 }}</ref>