Intrawest Corporation announced today that an entity controlled by Starwood Capital Group Global, L.L.C. has signed an agreement to acquire a majority interest in Mammoth Mountain Ski Area (Mammoth Mountain). The selling price of the resort is based on a $365-million enterprise value with customary adjustments for debt assumed, working capital and transaction costs. Intrawest and Rusty Gregory, Mammoth Mountain's chairman and chief executive officer, will retain minority interests. Intrawest's retained interest is anticipated to be approximately 15 per cent. The operations of the resort will remain unchanged with Rusty Gregory continuing as chairman and chief executive officer and with Intrawest providing management expertise and other corporate resources under a management services agreement.

http://biz.yahoo.com/prnews/051004/to296.html?.v=13 and other articles. Intrawest was the group responsible for revamping Whistler-Blackcomb, Squaw Valley, Copper (CO) and Winter Park.

Mammoth Mountain was the 2nd most visited ski resort in the U.S. in the 2004/2005 season. Record snowfall made the season last 256 days!: http://www.mammothmountain.com/compa...ses.cfm?id=350