Editing Intrawest (section)

==History==

In 1986, Intrawest acquired [[Whistler-Blackcomb#Blackcomb Mountain|Blackcomb Mountain]] from the Federal Business Development Bank, a Canadian Crown Corporation, and Fortress Mountain of Alberta (no relation to Fortress Investments LLC), a wholly owned division of [[Aspen Skiing Company]]. The company later went public, listed on the Toronto and New York Stock Exchanges and, in 1996, merged with [[Whistler-Blackcomb#Whistler Mountain|Whistler Mountain]] Ski Corporation to form [[Whistler-Blackcomb]] resort, a venue of the [[2010 Winter Olympics]] and Paralympic Games.  Intrawest eventually spun off Whistler-Blackcomb and sold the last of its shares in that company in 2012.

Today,{{when|date=October 2024}} the Intrawest network includes [[Ski resort|mountain resorts]]. Intrawest also operates [http://www.clubintrawest.com/ Club Intrawest], a [[Time share|private resort club]] with nine locations in North America.  The company is the largest developer and operator of resort properties in [[North America]] offering [[skiing]], [[snowboarding]], [[golf]], [[mountain biking]], lodging, and real estate opportunities at each of its resorts.  Intrawest develops real estate at its resorts and at other locations across North America.  The company owns [http://www.canadianmountainholidays.com/ Canadian Mountain Holidays], the largest heli-skiing operation in the world.<ref>{{cite web|url=http://www.canadianmountainholidays.com/about/our-story|title=Canadian Mountain Holidays: Our Story}}</ref>

On November 12, 2013, Intrawest filed an initial public offering (IPO) with the New York Stock Exchange to raise up to $100 Million.  The [https://www.sec.gov/Archives/edgar/data/1587755/000156761913000131/s000092x2_s1.htm filing] states that the money is being raised, "for working capital and other general corporate purposes, which may include potential investments in, and acquisitions of, ski and adventure travel businesses and assets."<ref>{{cite news | first = Howard | last = Pankratz | title = Denver's Intrawest Resorts files $100 million IPO | date = 2013-11-12 | publisher = [[Swift Communications]] | url = http://www.vaildaily.com/news/8876661-113/resorts-intrawest-ski-company | work = [[Vail Daily]] | access-date = 2013-11-12 | quote = Intrawest Resorts Holdings, which operates Steamboat Ski & Resort, Winter Park Resort and other ski resorts in the U.S. and Canada, has registered for an initial public offering seeking to raise as much $100 million}}</ref>

In 2016, Intrawest initiated significant reductions in full time staff to achieve rapid cost reductions.<ref>{{Cite news|url=http://seekingalpha.com/article/4018861-intrawest-resorts-snow-ceo-tom-marano-q1-2017-results-earnings-call-transcript|title=Intrawest Resorts' (SNOW) CEO Tom Marano on Q1 2017 Results - Earnings Call Transcript|last=Transcripts|first=SA|date=2016-11-03|newspaper=Seeking Alpha|language=en-US|access-date=2016-11-23}}</ref> Numerous key staff positions have been eliminated at its corporate headquarters and resort locations. This follows the sale<ref>{{Cite press release|url=http://www.businesswire.com/news/home/20151125005060/en/Diamond-Resorts-International-Acquire-Intrawest-Resort-Club|title=Diamond Resorts International to Acquire Intrawest Resort Club Group {{!}} Business Wire|website=www.businesswire.com|date=25 November 2015 |access-date=2016-11-23}}</ref> of the Club Intrawest time share lodging operation to [[Diamond Resorts International]] at the end of 2015. It is unclear regarding the company's longer term strategies as it continues to display inconsistent approaches in its business and staffing model. In 2017, Intrawest was sold to Henry Crown and Company (which owns Aspen Skiing Company<ref>{{cite web|url=https://www.denverpost.com/2018/01/11/alterra-mountain-ksl-capital-partners-aspen-skiing-co/|title=The new name in ski resorts you need to know: Alterra Mountain|date=11 January 2018}}</ref>) and KSL Capital Partners for $1.5 billion.<ref>{{cite news|title=Intrawest ski resort firm to be sold for $1.5B US|url=http://www.cbc.ca/news/business/intrawest-aspen-ksl-1.4063705|access-date=10 April 2017|work=[[CBC News]]}}</ref> 
In May 2017, it was announced that Intrawest would no longer exist as public company. The newly formed company is called [[Alterra Mountain Company]], which was announced at the 2018 Outdoor Retailer Show in Denver, Colorado.<ref>https://www.denverpost.com/2017/05/09/aspen-steamboat-ski-area-merger/ https://www.denverpost.com/2017/04/10/intrawest-aspen-ksl-capital/</ref>