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Park City's American Skiing Co. Announces Plans to Sell Steamboat!

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Real Estate Agent with Keller Williams/Mountain Town Realty Group

American Skiing Co announced that it plans to sell the nation's eighth most visited resort to an affiliate of Intrawest ULC for $265 Million cash which will be used to pay off all existing senior debt and revolver balances.

This cash infusion will allow American Skiing Company to move forward with development plans for The Canyons and its other resorts in Vermont, New Hampshire, and Maine.

Improving and upgrading The Canyons has been a top priority for the Company with additional investments in the last year in the Tombstone, Dreamcatcher and Red Pine areas.

There are currently numerous residential and resort development projects underway at the base of The Canyons and construction of the long awaited golf course may start in the spring.

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Ed Rybczynski
Integrity Real Estate - Havre de Grace, MD
Your Source for Local Real Estate

Jim and Billie

I want to drop by and say hello.  I met the two of you, sort of, on several of Ralph Roberts' webinars earlier this month.  I live in Baltimore and the nearby ski resorts remain closed to date.  Things are not looking good for winter sports in the mid-atlantic region.  Have a happy new year!

 Ed Rybczynski

Dec 30, 2006 07:57 PM
Jim and Billie Harsch
Keller Williams/Mountain Town Realty Group - Park City, UT

Ed,

Thanks for your comment!  We love Ralph's webinars and hope you are enjoying them too.  The snow has been pretty hit and miss this year.  All the big storms that Denver is being hit with seem to be splitting around us and get just a dusting.  We are keeping our fingers crossed for next week.  I will keep my fingers crossed for you resorts as well.

 Happy New Year to you as well!

Billie

Dec 31, 2006 03:13 AM
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