Vancouver, Canada - Vancouver-based Intrawest and Powdr Corp of Park City, Utah today announced they have entered into a definitive purchase agreement to sell Intrawest's interests in Copper Mountain ski resort in Colorado to Powdr Corp. The transaction is anticipated to close in December 2009 and the agreement is subject to regulatory approvals including the issuance of a U.S. Forest Service special-use permit to Powdr Corp.


Intrawest operates a number of high-profile ski and snowboard resorts throughout the U.S. and Canada, including Whistler Blackcomb in British Columbia, Tremblant in Quebec, Vermont's Stratton Mountain and Mountain Creek in New Jersey. Likewise, Powdr Corp is a ski resort operator with interests in its flagship property, Utah's Park City Mountain Resort, as well as Killington in Vermont, Oregon's Mt. Bachelor, Las Vegas Ski & Snowboard Resort and Boreal Mountain, Calif.

Despite the announcement, it will be business as usual this winter at Copper Mountain. Once the transaction is finalized Intrawest and Powdr Corp have committed to work together to ensure that all of the multi-mountain season pass products, vacation reservations and joint marketing initiatives will be honored for the 2009-10 winter season. This includes the Rocky Mountain Super Pass suite of products that provide skiers and riders with access to Copper Mountain, Steamboat Resort and Winter Park Resort. In addition, vacation packages, season passes and lift tickets for all three mountains will continue to be offered.