Intrawest Resorts Holdings, Inc. was a developer and operator of destination resorts and a luxury adventure travel company. The company was founded in Vancouver, British Columbia, in 1976 as a privately funded real estate development company. In 2006, Intrawest was purchased by Fortress Investment Group, a private equity investment company, and in 2011 relocated to Denver, Colorado. 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.[1]
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.[2]
History
Intrawest was founded in Vancouver, British Columbia, by Joe Houssain.[3]