TORONTO--(BUSINESS WIRE)--DREAM UNLIMITED CORP. (TSX:DRM) (“Dream” or the “Company”) today announced it has entered into an agreement to sell Arapahoe Basin (“Arapahoe Basin” or the “Resort”), our ski area in Colorado, to Alterra Mountain Company (“Alterra”). The gross disposition price represents a modest premium to the Resort’s fair market value discussed at our September 6, 2023 Dream Investor Day. Based on today’s exchange rate and internal estimates of taxes payable, management believes this sale will result in after-tax profit of $110 million before closing costs and adjustments. The transaction is expected to close in 2024 and is subject to customary closing conditions, including regulatory approvals.
Dream Unlimited Corp. Announces Sale of Arapahoe Basin | Business Wire