Squaw, Aspen $1.7 Billion Merger

The biggest financial deal in ski industry history.

Welcome Squaw to the big time destination ski resort industry. By partnering with many of Colorado's major ski areas, Squaw now competes with Vail's ski conglomerate.

 

  • A consortium of banks will lend KSL Capital and Aspen Skiing $1.235 billion, and both KSL and Aspen Skiing owner Henry Crown & Co. each will contribute $351.6 million.
  • The deal will require a total of about $1.7 billion from KSL-Aspen Skiing, of which $982 million goes to Intrawest stockholders and the remainder used to refinance Intrawest’s debt and cover fees and expenses related to the merger.
  • KSL Capital out of Denver, owns Squaw and Alpine.
  • This $1.7 billion deal includes Aspen, Steamboat, Squaw Valley, Alpine Meadows, Winter Park and Canadian Mountain's heli skiing operation!
  • For more information, contact Mark Lowenstern - mark@earthandskyproperty.com because Mark has a great perspective as a current Squaw real estate agent (Chase International Squaw Office) and a former Aspen ski shop owner.
  • Key financial information provided by the Denver Post.