Games announcement boosts Intrawest stock | SummitDaily.com
YOUR AD HERE »

Games announcement boosts Intrawest stock

SUMMIT COUNTY – Stock in Copper Mountain’s parent company, Intrawest, got a substantial boost last week when the 2010 Olympics were awarded to Vancouver, British Columbia.

Intrawest, which is based out of the city, owns Whistler-Blackcomb in British Columbia, where the downhill ski events of the games will be held.

“We’re obviously thrilled,” Whistler spokesman Christopher Nicolson said.



On hearing the news, investors pushed shares up $1.08 to close at $14.28. This marks a substantial turnaround for the company’s stock from a 52-week low of $9.90 on March 22.

While he refused to speculate on the financial windfall the games would bring to the company, Nicolson noted that each of Intrawest’s resorts would benefit.



“When you look at success at one resort, the experience of one resort, it certainly benefits the entire family of resorts,” he said.

Nicolson said there were no current plans to solicit Copper Mountain personnel to assist the resort in Olympics planning, but that it would be discussed.

In addition to owning Copper Mountain and Whistler-Blackcomb, Intrawest owns several other resorts, including Mount Tremblant in Quebec, Mammoth in California and Stratton in Vermont. It also develops resort villages and vacation clubs around the continent.

Aidan Leonard can be reached at (970) 668-3998, ext. 229, or by e-mail at

aleonard@summitdaily.com


Support Local Journalism

Support Local Journalism

As a Summit Daily News reader, you make our work possible.

Now more than ever, your financial support is critical to help us keep our communities informed about the evolving coronavirus pandemic and the impact it is having on our residents and businesses. Every contribution, no matter the size, will make a difference.

Your donation will be used exclusively to support quality, local journalism.

 

Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.

User Legend: iconModerator iconTrusted User