Intrawest News

Bankrupt Winter Olympics resort to be auctioned off during Games

Bankrupt Winter Olympics resort to be auctioned off during Games

28th Jan 2010 Tourism News

Whistler Blackcomb, host of next month’s Winter Olympics, is to be auctioned off following the failure of its owner Fortress to make payments on a $1.7 billion loan. The sale will take place in the middle of the Games, and will also include Mont Tremblant, Steamboat, Winter Park, plus six other ski resorts.

Despite Intrawest’s Financial Woes, Ski Resorts Will Beat the Travel Industry Meltdown

Despite Intrawest’s Financial Woes, Ski Resorts Will Beat the Travel Industry Meltdown

31st Dec 2009 Press Release Organisations & Operators

The following commentary is offered by Ken Schapiro, President of Condor Capital: Despite the disturbing ski industry news last week that resort operator Intrawest ULC had missed a debt payment on a $1.4 billion loan, the ski business is holding its own in the midst of nationwide travel revenue declines. All signs point toward a modest 3% to 5% revenue drop for mountain resorts nationally, which compares favorably with travel industry trends.

Starwood reveals Westin Napa project

24th Aug 2006 Press Release Hotel News

Starwood and Intrawest have announced plans tobuild the Westin Verasa Napa, a 160-unit luxury condominium-hotel locatedin America’s premier wine region, Napa Valley, California.

Intrawest agrees Fortress buy-out

11th Aug 2006 Press Release Hotel News

Intrawest and Fortress InvestmentGroup have entered into adefinitive agreement under which funds managed by affiliates of Fortress willacquire all of Intrawest’s outstanding common shares at a price of $35.00 pershare payable in cash.