Guests skiing the Canadian Rockies can choose from Panorama, Kimberley Alpine Resort and Fernie Alpine Resort to make a great ski tour in the Canadian Rockies. Recently Intrawest unloaded Panorama to new ownership group:
Intrawest and a newly formed company, Panorama Mountain Village Inc. (Panorama Inc.) announced today that they have entered into a definitive asset purchase agreement that will enable Panorama Inc. to purchase Intrawest's interests in Panorama Mountain Village. The transaction will include the resort's on-mountain and Nordic ski operations, a 50% ownership position in the Greywolf Golf Course, all of Intrawest's commercial operations and lodging units in the village and the land available for real estate development. The transaction is anticipated to close in February 2010, pending regulatory approvals.