fortress investment group

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Winter Olympics, auction in fortnight

Winter Olympics, auction in fortnight

The Winter Olympics are just 15 days away. And although alpine site Whistler/Blackcomb (and Snowshoe) would have suffered the ignominy of learning that they could be sold off in a foreclosure auction amid the games due to the failure of parent company Fortress Investment Group to make a $524 million loan payment last month, the [...]

Intrawest sells two French resorts

Intrawest sells two French resorts

Snowshoe’s corporate owner Intrawest has announced the pending sale of two resorts in the Haute-Savoie region of the French Alps. A French resort operator called Pierre et Vacances will buy the lodging and commercial operations at Intrawest’s Arc 1950 Resort (part of Les Arcs) and Flaine Montsoleil (part of Flaine). In both places, Intrawest had [...]

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