Intrawest buys Florida's Sandestin

VANCOUVER, British Columbia-- Intrawest Corp., based here and known for its North American mountain resorts, acquired Sandestin Resorts Inc. for $130 million.

The 2,400-acre resort and residential community is located near Destin, Fla.

Sandestin has 63 holes of golf, 700 rental units, conference facilities, two restaurants, a tennis center and a marina.

Plans include creation of an additional golf course.

The 600-suite Sandestin Beach Hilton, across from Sandestin Resort, is unaffected by the acquisition.

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