"Each qualified bidder must be a financial institution or other entity that has the financial wherewithal to purchase the membership interests in immediately available funds on the closing date," the public auction notice said.
whistler isn't the only resort up on the block....
The sale includes more than a dozen resort properties including Mont Tremblant in Quebec, Steamboat and Winter Park in Colorado and Squaw Valley in California.
Nancy Cushing ran Squallywood into the ground well before Intrawest got their greedy little hands on it. **** that place, and Nancy. That place, and its $1900 season passes had this coming a long time ago.
Nancy Cushing ran Squallywood into the ground well before Intrawest got their greedy little hands on it. **** that place, and Nancy. That place, and its $1900 season passes had this coming a long time ago.
What's also somewhat interesting (to me), one of our (sort of) competitors is owned by Intrawest. They are a helicopter operator (heli-skiing, heli-tourism, long line work etc...). If they are for sale too, I wonder what the impact of that would be......
They're talking about having to fly snow from Whistler down to Cypress for the Olympics. On the news this morning they were saying that having to fly in more than 80% of the snow isn't practical, so they might have to move the snowboarding and freestyle up to Whistler if it doesn't start snowing at Cypress.
Quick! Design a snow shovel/bucket for helicopters!
Intrawest is owned by larger company called Fortress. Fortress bought Intrawest on 100% loaned money. This past December Fortress could not make the loan payment(500+ million) so the lenders have seized Intrawest from Fortress.
Fortress had no idea what they were doing when they bought Intrawest, otherwise they would not have used 100% loaned money and paid more per share then what Intrawest was currently worth.
Intrawest is owned by larger company called Fortress. Fortress bought Intrawest on 100% loaned money. This past December Fortress could not make the loan payment(500+ million) so the lenders have seized Intrawest from Fortress.
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