Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
Alterra Mountain history
Alterra Mountain company history timeline
Aspen Skiing, originally a partnership between 20th Century Fox and Alberta businessman Alan Graham, had formed Blackcomb Skiing Enterprises and begun developing Blackcomb in conjunction with the British Columbia provincial government in 1978.
In 1979, Intrawest Properties Ltd. and Intrawest Equities Ltd. were merged to create the Intrawest Development Corporation.
Intrawest expanded into commercial real estate in 1981 when it acquired the Cedarbrae Shopping Centre, then under construction in Calgary.
He purchased June Mountain in 1986.
But by 1986, 20th Century Fox, then owned by United States billionaire Marvin Davis, had decided to sell its ski operations.
Stratton was purchased from Victoria United StatesA., which had owned the resort since 1988.
In 1989, Intrawest also began developing residential projects of its own on the remaining land.
Faris would leave the company when it went public in 1990.
Intrawest went public in 1990, raising $26 million for 27 percent of the company's equity.
Faris would leave the company when it went public in 1991.
Intrawest went public in 1991, raising $26 million for 27 percent of the company's equity.
In 1993, the Intrawest Development Corporation officially changed its name to the Intrawest Corporation.
Intrawest entered the $4 billion vacation-club industry in 1993 by forming the Intrawest Resort Ownership Corporation, with Intrawest Resort Club members receiving an annual allotment of points that entitled them to stay at various club properties.
In the company's 1993 annual report, founder Joe Houssian, then president and chief executive officer, wrote, "The largest group of buyers of vacation homes is between the ages of 45 and 64.
"Intrawest and Its Drive to Be the Best," Ski Magazine, October 1995.
The company followed up in 1995 by acquiring the Snowshoe Mountain Resort and the neighboring four-season Silver Creek Mountain Resort in West Virginia, which included an 18-hole golf course and 10,000 acres of land.
In 1996, the company also purchased a 33 percent share of the Mammoth Mountain Ski Area, which included Mammoth Mountain and June Mountain, in Mammoth Lake, California. Its stated corporate strategy in 1996 was to become North America's leading operator of mountain resorts, primarily through acquisitions in the United States.
The company's shares, already traded in Toronto, were listed on the New York Stock Exchange in 1997.
A unique property was acquired in 1998: New Jersey's Mountain Creek resort.
In January 1999 Intrawest paid CAD ten million for a half interest in Ontario's Blue Mountain Resort, a two-hour drive from Toronto.
In 1999, Intrawest bought a minority interest in the Canadian Mountain Holidays helicopter-skiing operation; the remainder was acquired five years later.
Revenues exceeded $1 billion in fiscal 2003.
The company was reorganized into two divisions in 2004: the Leisure and Travel Group, and the real estate development or "Placemaking" group.
Company revenues slipped four percent to $1.6 billion in the 2005/06 fiscal year; however, net income rose 52 percent to $73 million.
The Starwood Hotels group bought most of Intrawest's interest in Mammoth Mountain Ski Area in 2005.
Stonington, Joel, "Intrawest Agrees to $2.8 Billion Buyout," Aspen Times, August 12, 2006.
The company's flagship Whistler Mountain resort in British Columbia was due to receive a blizzard of media attention with the coming of the Winter Olympics to Vancouver in 2010.
Intrawest eventually spun off Whistler-Blackcomb and sold the last of its shares in that company in 2012.
On November 12, 2013, Intrawest filed an initial public offering (IPO) with the New York Stock Exchange to raise up to $100 Million.
In 2016, Intrawest initiated significant reductions in full time staff to achieve rapid cost reductions.
In May 2017, it was announced that Intrawest would no longer exist as public company.
In 2017, Intrawest was sold to Henry Crown and Company (which owns Aspen Skiing Company) and KSL Capital Partners for $1.5 billion.
The newly formed company is called Alterra Mountain Company, which was announced at the 2018 Outdoor Retailer Show in Denver, Colorado.
"Intrawest Corporation ." International Directory of Company Histories. . Retrieved April 15, 2021 from Encyclopedia.com: https://www.encyclopedia.com/books/politics-and-business-magazines/intrawest-corporation
Rate how well Alterra Mountain lives up to its initial vision.
Alterra Mountain jobs
Do you work at Alterra Mountain?
Does Alterra Mountain communicate its history to new hires?
Alterra Mountain competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Vail Resorts | 1997 | $2.9B | 7,100 | 2,159 |
| Aspen Snowmass | 1946 | $85.0M | 1,240 | 173 |
| Waterville Valley New Hampshire | 1829 | $96.0M | 50 | - |
| Killington Ski Resort | 1958 | $3.1M | 30 | - |
| Aspen Ski Tours | 1971 | $9.7M | 121 | - |
| Telluride Ski Resort | 1972 | $20.9M | 200 | - |
| Holiday Valley Resort | 1957 | $8.3M | 136 | 8 |
| Jackson Hole Mountain Resort | 1963 | $140.0M | 1,400 | 17 |
| Snowbird | 1971 | $240.0M | 860 | - |
| Winter Park Resort | - | $40.0M | 548 | 6 |
Alterra Mountain history FAQs
Zippia gives an in-depth look into the details of Alterra Mountain, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Alterra Mountain. The employee data is based on information from people who have self-reported their past or current employments at Alterra Mountain. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Alterra Mountain. The data presented on this page does not represent the view of Alterra Mountain and its employees or that of Zippia.
Alterra Mountain may also be known as or be related to Alterra Mountain, Alterra Mountain Company, INTRAWEST RESORTS HOLDINGS INC., Intrawest, Intrawest Resorts Holdings, Intrawest Resorts Holdings Inc and The Stratton Corporation.