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"My Steamboat Connection" Real Estate Blog

Blog by Stacy Brown

The source for what's happening in Steamboat Spring's and surrounding areas, real estate, fun stuff and more!

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Recent Comments

re: REALTOR fees- Where Does All of That Money Go?
Hi Stacy: I see that lots of folks are reading&nbs...
re: Sold Stats for the week of September 15, 2006
Yes, in some areas this is true.  You have to...
re: Sold Stats for the week of September 15, 2006
The statistics for your area are a bit frightening...
re: Agency: Who Represents Who?
Thanks, Brad!  I sometimes miss New Jersey- l...
re: Agency: Who Represents Who?
Excellent discussion, useful to even this NJ e-pro...

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"My Steamboat Connection" Real Estate Blog

Sale of Steamboat Resort

Dec. 21, 2006
It's official!  It was announced on Tueday, December 19, 2006, by B.J. Fair, President and CEO of American Ski Corp, that an agreement to sell Steamboat to an affiliate of Intrawest for $265 million had been signed the night before.  The transaction is expected to close by the end of the current ski season, in March 2007. Prior to the close of the sale, Steamboat resort will continue to operate under the normal course of business without interruption.  This is great news for Steamboat Springs!  With new owners and an influx of cash, much needed improvements are expected to be made to the base area.  Local developers have started to increase prices on their unsold units on this news alone.  Investors are looking to secure properties.  Stay tuned...    Stacy Brown