Intrawest ULC, an operator of ski and snowboard resorts, has announced three new executive management team appointments in the Intrawest Mountain Resorts Division. The new executive structure will serve to better align the structure with the strategic direction and growth objectives of the Intrawest Mountain Resorts Division.
Dave Brownlie has been appointed as Chief Operating [...]

Wintergreen Partners, Inc., operator of the highly popular 11,000 acre Wintergreen Resort in Nelson County, stands accused of concocting multiple exclusive-dealing agreements which control the market for real estate services at the Resort and in the County, causing sellers to pay inflated commissions and to receive lower prices. In a suit filed Thursday by Mountain [...]

Canadian resort operator Intrawest Corp. has moved to add to its stable of North American ski areas, agreeing to buy Steamboat Ski & Resort Corp. from American Skiing Co. for $265 million in cash.
The acquisition, subject to regulatory approval because of antitrust issues, would increase Intrawest’s Colorado holdings to three and overall resorts to [...]

Bluegreen Corp. said Tuesday that it has purchased 7 acres of land adjacent to the Treasure Island Water & Theme Park Resort in Wisconsin Dells.
The Boca Raton, Fla.-based timeshares and communities company also bought 24 unsold existing vacation ownership units at the resort and established a marketing partnership with Treasure Island LLC, the resort’s owner/operator. [...]

John Keells Holdings, the biggest Sri Lankan hotel operator, plans to invest $100 million building its first resorts in India, as escalating violence deters tourists from visiting the South Asian island.
Keells, based in Colombo, plans to develop three properties in the Indian states of Goa and Kerala within a year, the company’s deputy chairman, Ajit [...]

What is more perfect than owning a beautiful vacation home, located in the plush surrounds of a world class resort and receiving rent for it? Welcome to the world of Condo hotels, the latest trend in vacation-home-ownership. So what are Condo Hotels? A CondoTel (short for condo hotel) is a group of luxury condominiums (very [...]

Resort operator Intrawest Corp. (TSX:ITW) reported a fourth-quarter loss of US$24.3 million compared to a year-ago loss of US$19.2 million, as revenue from the company’s real estate development dropped sharply.
The company, which agreed to a takeover last month by New York-based private equity firm Fortress Investment Group LLC for US$2.76 billion in cash and debt, [...]

Vail Resorts, the big Colorado ski and recreation company, said Tuesday that it would make a huge investment in wind power, buying enough credits to offset all the power needed for its resorts, retail stores and office buildings.
The announcement makes Vail the second-largest corporate buyer of wind energy in the nation, according to the [...]