ASPEN, Colo. (CBS4) – Some of Colorado’s biggest ski resorts say they will merge in a new company that joins with a major hotel and entertainment group.
Aspen Skiing Company is joining with KSL Partners to form a new company.READ MORE: Some COVID Testing Sites Closed, Delayed After Winter Storm
Aspen owns Aspen Mountain, Aspen Highlands, Snowmass and Buttermilk.
KSL is a private equity firm worth billions, with offices in Denver. It owns pricey travel and leisure properties.READ MORE: Prom Dress Exchange Seeks Community Support As Colorado Schools Cancel Annual Dance
The new company will merge with Intrawest, which owns Steamboat Ski Resort and five other ski areas out of state and in Canada and operates but doesn’t own Winter Park.
If approved, it will mean a buyout of Intrawest stock later this year.MORE NEWS: Columbine High School Victims Honored 22 Years After Tragedy
Intrawest stock was down about one and a half percent in trading Monday morning.