Powdr Corp to Purchase Copper Mountain, a Local Summit County Ski Resort
Posted by Breckenridge Associates Real Estate on
Park City, Utah-based Powdr Corp. is set to purchase Copper Mountain Ski Resort for an undisclosed amount with the deal expected to close in December, pending approval from the U.S. Forest Service and Federal Regulators.
Intrawest Corp., the current resort owner, ran into financial trouble about a year ago and rumors circulated that the company may need to sell assets to raise cash to finance current loans. Powdr Corp. brings years of ski industry operations experience to the table and is the owner of and operator of seven resorts: Park City Mountain Resort in Park City, Utah, Killington Resort and Pico Resort in Killington, Vermont, Mt. Bachelor in Bend, Oregon, Boreal Resort and Soda Springs Resort, both in Donner Summit, California, and Las Vegas Ski…
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