Intrawest announced the $1.81 billion dollar buyout by Fortress Investment Group Friday morning. Intrawest owns Copper Mountain and Winter Park.
Intrawest chairman and chief executive officer Joe Houssain said the deal is in the best interests of the company's shareholders.
Skier visits have grown under Intrawest's ownership in the past eight years, but some base-area businesses have languished. Some Copper residents have been unhappy with Intrawest management, and have expressed concern with the company over development plans in recent years.
Intrawest Colorado officials said the sale won't have any immediate impacts on day-to-day operations.
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