Intrawest Commits to Sell Vacation Club Business for $85 Million

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Intrawest Resorts (SNOW) to Sell IRCG Vacation Club Business in $85M Deal (DRII)

November 25, 2015 7:04 AM EST

Intrawest Resorts (NYSE: SNOW) announced that it has entered into a definitive agreement to sell Intrawest Resort Club Group (IRCG), its vacation club business, to Diamond Resorts International, Inc. (NYSE: DRII) for $85 million, subject to certain closing adjustments. The transaction is expected to be completed by the end of the first quarter of calendar year 2016 and is subject to certain closing... More