Canadian ski resort operator Intrawest, which is trying to refinance its debt, said on Thursday it has agreed to sell its Panorama Mountain ski resort in eastern British Columbia to a group of local businessmen.

(Source: Reuters)

The deal does not involve Intrawest’s Whistler-Blackcomb resort near Vancouver, which will play host to the Winter Olympics’ alpine and nordic ski events next month.

Financial terms of the Panorama sale were not announced, but the deal also includes land around the ski resort that is available for real estate development and a half stake in the Greywolf Golf Course, Intrawest said.

Read the full article, “Intrawest to sell Canada’s Panorama ski resort” at Reuters (Jan 28 2010).

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