Editing Whistler Blackcomb (section)

===Reorganization===

In 2006 Intrawest was purchased by the alternative asset management firm, [[Fortress Investment Group]]. Three weeks before the opening of the [[2010 Olympics]], Fortress failed to make payment on its loan used to buy out Intrawest. This caused its creditors to force Intrawest to divest itself of several of its resort holdings in 2009 and 2010 which included a partial sale of Whistler Blackcomb, in order to reduce its debt load.<ref>{{cite news|url=https://montrealgazette.com/technology/Intrawest+auction+block/2464537/story.html |title=Intrawest on the auction block |date=January 20, 2010 |work=montrealgazette.com |publisher=Canwest Publishing |access-date=February 15, 2010 |url-status=dead |archive-url=https://web.archive.org/web/20100124062330/http://www.montrealgazette.com/technology/Intrawest+auction+block/2464537/story.html |archive-date=January 24, 2010 }}</ref> This was achieved through a public offering of shares of Whistler Blackcomb Holdings Inc on the Toronto Stock Exchange in 2010. The net outcome of the reorganization is that Whistler Blackcomb Holdings is the managing partner and controls 75% of the partnerships which own the assets of Whistler Blackcomb. The remaining 25% of the partnerships are owned by [[Nippon Cable]]. Intrawest sold its remaining 24% stake in Whistler Blackcomb to KSL Capital Partners in 2012.<ref>{{Cite web|url=https://www.prnewswire.com/news-releases/ksl-capital-partners-acquires-24-interest-in-whistler-blackcomb-holdings-inc-181937291.html|title=KSL Capital Partners Acquires 24% Interest in Whistler Blackcomb Holdings Inc.|first=Whistler|last=Blackcomb|website=www.prnewswire.com}}</ref>