 Poster: A snowHead
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Obviously A snowHead isn't a real person
Obviously A snowHead isn't a real person
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Intrawest has been trying to sell Panorama and Copper Mountain for several years so that they can focus on larger resorts with greater opportunities for real-estate development. Copper wnet in November, and two years ago I had a long conversation with a local businessman who was part of a team attempting to negotiate the purchase of Panorama; the stumbling block was, as always, the price. It sounds as if they waited for Intrawest to get really hungry and picked the place as a fire-sale asset. Approximately £15m for a ski hill and half a golf course with huge property development potential sounds like an incredible bargain, but it won't make much of a dent in Intrawest's debt mountain.
Good luck to them.
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Well, the person's real but it's just a made up name, see?
Well, the person's real but it's just a made up name, see?
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| Jonny Jones wrote: |
so that they can focus on larger resorts with greater opportunities for real-estate development.
Approximately £15m ... won't make much of a dent in Intrawest's debt mountain.
Good luck to them. |
sounds like they'll need it
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You need to Login to know who's really who.
You need to Login to know who's really who.
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| red 27 wrote: |
| Jonny Jones wrote: |
...so that they can focus on larger resorts with greater opportunities for real-estate development.
Approximately £15m ... won't make much of a dent in Intrawest's debt mountain.
Good luck to them. |
sounds like they'll need it |
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Anyway, snowHeads is much more fun if you do.
Anyway, snowHeads is much more fun if you do.
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(duplicate post)
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You'll need to Register first of course.
You'll need to Register first of course.
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site full of bugs tonight, or have I lost the plot? Or both? (doubtless 3 other identical posts will follow - Mods please do the honours)
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| red 27 wrote: |
| Jonny Jones wrote: |
so that they can focus on larger resorts with greater opportunities for real-estate development.
Approximately £15m ... won't make much of a dent in Intrawest's debt mountain.
Good luck to them. |
sounds like they'll need it |
I was wishing good luck on the Panorama buyers, not least because it's my favourite ski resort. But I guess that I also wish good luck on Intrawest - for all my reservations about the impact of their real-estate led business model, there's no doubt that they've had a track record of investing in ski resorts in a way that makes the slopes and associated facilities appealing to international visitors like me. Besides, a very large number of ski fanatics own properties in resorts owned by Intrawest, and I guess that many of them are having a slightly nervous time right now.
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