The Village was started in 2002 and was developed by Intrawest. Last week's transaction includes all of Intrawest's real estate holdings and operational assets including lodging operations at two condo-hotels and commercial assets whose tenants include six restaurants, 20 retail shops and a full service spa. With the transaction completed, Squaw Valley Ski Corp will oversee all of the day-to-day operations of The Village at Squaw Valley in addition to their current ownership of the on-mountain operations at the ski resort, Squaw Valley USA.
"We at Squaw Valley USA are very pleased to integrate the Village at Squaw Valley with our own operations, to provide a seamless resort experience for our guests. It is a reversal of philosophy as Squaw Valley Ski Corp has not operated a lodging property for 30 years," says Squaw Valley USA Chairman & CEO Nancy Cushing.
This winter season, it will be business as usual for resort guests and all 2009-2010 winter vacation reservations will be honored.
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