Intrawest Resorts Holdings, Inc., the operators of Winter Park Resort, Steamboat Ski Resort, and five other North American ski resorts announced the pricing of its initial public offering of 15,625,000 shares of its common stock at $12.00 per share. The Company priced 3,125,000 shares of its common stock and an entity controlled by certain private equity funds managed by an affiliate of Fortress Investment Group LLC priced an additional 12,500,000 shares of the Company’s common stock.
The selling stockholder has granted the underwriters a 30-day option to purchase up to an additional 2,343,750 shares of common stock. The shares are expected to begin trading on the New York Stock Exchange under the symbol “SNOW” on January 31, 2014. The offering is expected to close on or about February 5, 2014 subject to the satisfaction of customary closing conditions.
The net proceeds received by the Company from the offering are expected to be approximately $35.1 million after deducting underwriting discounts and commissions and before deducting estimated offering expenses. (continue reading…)
Aspen/Snowmass will hold a community celebration to honor four local athletes headed to the Olympics. The ceremony will be held today at 4 p.m. in Gondola Plaza at the base of Aspen Mountain.
The ceremony will kick off at 4 p.m. with a proclamation by the mayor of Aspen, Steve Skadron followed by the CEO of Aspen Skiing Company, Mike Kaplan. The Olympians will be introduced and presented with a special gift. The ceremony will be followed by a party with food and drink specials at Chair 9 in The Little Nell.
“This community is committed to promoting and celebrating athletic excellence, and being represented by these inspiring individuals is truly an honor for all of us,” says Mike Kaplan, Aspen Skiing Company CEO. “All of us in the Roaring Fork Valley owe it to them to come out on Wednesday and give them our support. ”
The four Olympians are:
Torin Yater-Wallace – U.S. Freeskiing Team
Jeremy Abbott – U.S. Figure Skating Team
Simi Hamilton – U.S. Cross Country Ski Team
Noah Hoffman – U.S. Cross Country Ski Team
This send-off follows an announcement earlier this week that Aspen/Snowmass have reached an agreement in principle to keep the X Games in Aspen through 2019. For more information, visit http://www.aspensnowmass.com/en/events-and-activities/events/x-games.
The 2014 Winter Olympics in Sochi, Russia are right around the corner, and a town in northwest Colorado that serves as an assembly line for snowsports champions organized a going-away party on Saturday to send its hometown Olympic heroes off in style.
The festivities began with a skills demonstration from participants in the Steamboat Springs Winter Sports Club, which over the years has produced 79 Olympians. Afterwards, this year’s crop of competitors were honored onstage along with local wounded warriors and guests were treated to a torch relay, the lighting of a 15-foot cauldron that will remain lit throughout the Games, fireworks, a flash mob dance, and birthday cake. (continue reading…)
Here’s what the Revelation Bowl looked like this morning on a bluebird Friday in southwest Colorado. We’re stuck in Denver this weekend, so let us live vicariously through you: visit www.tellurideskiresort.com/TellSki/hot-deals.aspx for Telluride’s featured Ski & Stay packages.
Copper Mountain’s Ski and Ride University is a brand new program for skiers and snowboarders who are completely new to the sport. For $199, Ski and Ride U includes three ski or snowboard lessons with lift tickets and equipment rental; 3 days of parking in the Union Creek lot, lunch on your 2nd and 3rd day of lessons; and a Copper Mountain season pass upon graduation of the program!
Colorado Ski Country USA (CSCUSA) announced on Monday that its 21 member resorts reported an increase in skier visitation for the beginning of the 2013/14 ski season. Skier visits at CSCUSA resorts were up by 22 percent during the first period of the 2013/14 season, defined this year as opening day of the season (October 13, 2013) through December 31, 2013, compared to the same period of the prior year. Significantly, this season’s first period skier visits also exceeded the five-year first period average by approximately 6.7 percent. (continue reading…)
A three-day weekend is a precious and rare commodity. With Martin Luther King weekend just around the corner, we have some fun ideas to spark your imagination about a different part of Colorado than you might typically consider.
Durango, Colorado, is nestled in the Southwest corner of the state and is home to Purgatory at Durango Mountain Resort. Purgatory has 1,360 skiable acres to explore with plenty of eateries to refuel after a long day of fun. Move over San Francisco, Durango happens to boast the highest number of restaurants per capita than any city in the nation. In addition to the skiing, here are other fun winter activities: (continue reading…)