IntraWest sells Copper Mountain to Powdr Corp
Rumors have been swirling for months about a potential sale of Copper Mountain.
Pending approval from the U.S. Forest Service and federal regulators, Copper Mountain will be sold to Powdr Corp in the next few weeks. (Vail Daily)
Intrawest officials announced what they called a definitive deal Tuesday morning, after months of speculation on the sale of Intrawest’s interests at Copper Mountain.
Intrawest, the Vancouver-based resort and real estate development firm, ran into financial difficulties about a year ago as the real estate market deflated. Since then, financial analysts have said the company might need to sell some of its assets to raise the cash needed to refinance loans.
Read the full story at vaildaily.com.
