On November 15, 2003, Intrawest Corporation (NYSE:IDR)(TSE:ITW) will launch phase III of The Village at Mammoth, offering 43 one-, two-, and three-bedroom luxury, resort condominiums for sale. To date, more than 90 per cent of the original inventory in the first two phases of The Village have been sold.
The Village at Mammoth is quickly becoming the central hub of activity for Mammoth Lakes, California, in the Eastern Sierra Nevada Mountains. The Village`s shops, restaurants, nightlife and special events create a lively, pedestrian-only village modeled after an Old World European alpine town. Grand Sierra Lodge - phase III of The Village - will include Intrawest`s resort-condominium concept that combines full-ownership vacation real estate with the features and amenities of a luxury resort.
Condominium prices for Phase III of The Village are estimated to range from $370,000 to $1,000,000. Construction of phase III is expected to begin in the spring of 2004, with expected completion in mid-2005.
Each of the properties will be turnkey and ready for occupancy upon building completion. Owners will have the opportunity to place their property into an established rental arrangement.
The Village`s architecture is rich with rough timber accents and stone detailing adorning the street level shops and restaurants as well as the condominiums on the floors above. Colorful exterior designs, private balconies, and landscaping reflecting the natural surroundings all contribute to create a unique resort setting. On the inside, owners enjoy all the conveniences of modern-day luxury living with comfortable furnishings, stone fireplaces, and fully equipped custom kitchens with slate floors and granite countertops. Additional amenities include outdoor spas, fire pit, fitness center, underground parking, and bike/ski storage.
The Village is connected to Mammoth Mountain via a new 15-passenger express gondola, also new this winter.
For information about real estate at The Village at Mammoth contact Jeff Skinner at 1-800-421-7005 or [email protected] Visit the resort`s website at www.intrawestmammoth.com.
Intrawest Corporation (IDR:NYSE; ITW:TSE) is the leading developer and operator of village-centered resorts across North America. The company owns or controls 10 mountain resorts, including Whistler Blackcomb, North America`s most popular mountain resort. Intrawest also owns Sandestin Golf and Beach Resort in Florida and has a premier vacation ownership business, Club Intrawest. The company has a 45 percent interest in Alpine Helicopters Ltd., owner of Canadian Mountain Holidays, the largest heli-skiing operation in the world. The company is headquartered in Vancouver, British Columbia and is located on the World Wide Web at www.intrawest.com.