Intrawest, based in Vancouver, British Columbia, said Tuesday it has reached a definitive deal with Powdr but the sale still needs approval from the U.S. Forest Service and federal regulators.
At least some of Copper Mountain’s terrain is leased from the Forest Service.
Intrawest says the sale is expected to close in December.
Intrawest spokesman Ian Galbraith wouldn’t disclose the sales price and said he couldn’t elaborate on what assets were included in the sale. At least some of the commercial properties at Copper Mountain are owned by CNL Lifestyle Properties and leased back to Copper Mountain for day-to-day operations.
Powdr Corp., based in Salt Lake City, owns eight other resorts: Park City and Gorgoza Park in Utah, Killington and Pico Mountain in Vermont, Mount Bachelor in Oregon, Boreal Mountain and Soda Springs in California and Las Vegas Ski and Snowboard in Nevada.
Privately owned Intrawest still owns Steamboat Ski and Resort Corp. and manages Winter Park Resort in Colorado. Three-mountain season passes for Copper, Steamboat and Winter Park are still good for this season, said Copper Mountain spokeswoman Lauren Pelletreau.