Fortress Seeks Financing for Whistler Blackcomb

The Intrawest ski resort company has $1.68 billion in debt due Oct. 23, and the company’s owner, New York-based Fortress Investment Group, is struggling to rearrange financing to keep the operation afloat, according to a report published in the Financial Times on Friday.

Intrawest owns 10 ski operations and about 15 vacation resorts around North America, including Mont Tremblant in Quebec, Blue Mountain in Ontario, Panorama in British Columbia and two heli-skiing operations.

New York-based Fortress controls Intrawest via a $1.37-billion equity stake that it bought two years ago. People familiar with Fortress say there is a low probability Intrawest will file for Chapter 11 bankruptcy protection, the Financial Times reported.

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Squamish Townhouse & 1/2 Duplex (Current Listings)

AMAZING SQUAMISH 3 BED 1/2 DUPLEX…ONLY $589,000!

We recently listed this incredible 1/2 Duplex in Brackendale, Squamish BC. This west coast themed property boasts over 8000 sqft of private land to enjoy. Built brand new in 2008 the home offers 2100 sqft of well planned space with westerly views.

View the complete details on our MLS LISTING

Interested in similar properties in the Squamish area? Contact us….HERE

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Bishops Walk Salt Sring Island

Developer: Three Point Properties

Price: Starting at $275,000 (lot only)

Size: One-third hectare estate lots

Sales centre: By appointment only

http://www.bishopswalksaltspringisland.com

Three Point Properties considers Bishops Walk to be the last opportunity for prospective home buyers on Salt Spring Island. While most of the available property on Salt Spring is protected under agricultural land preservation laws, Bishops Walk provides 29 estate lots just steps from Ganges village.

“As developers, we are very aware that this property presents an opportunity to do something rare and unique,” says Jack Julseth, co-founder and chairman of Three Point Properties.

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GREATA RANCH (Current Listings)

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GREATA RANCH, Peachland BC

 

APPROXIMATELY 400 Lakefront Homes

  •     Single Family Lots
  •      Townhomes
  •      Infinity Villas
  •     Antlers Ridge Townhomes
  •     Condominiums

 

 

Proposed health club: Proposed on-site amenities:
  Indoor and Outdoor Swimming Pools
Hot Tubs
Steam Room & Sauna
Fully Equipped Fitness Centre
Tennis Courts
Hollywood-style Screening Room
Entertainment Lounge
Sandy Beaches
Marina
Reserve Winery
Marina Bar and Grill
Wine Lodge
Wine Club
Waterfront Walk
Beaches

 

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