{"id":15727,"date":"2010-04-28T12:10:50","date_gmt":"2010-04-28T19:10:50","guid":{"rendered":"http:\/\/www.boardistan.com\/?p=15727"},"modified":"2010-04-29T19:47:05","modified_gmt":"2010-04-30T02:47:05","slug":"intrawest-buys-four-more-years","status":"publish","type":"post","link":"http:\/\/www.boardistan.com\/?p=15727","title":{"rendered":"Intrawest Buys Four More Years"},"content":{"rendered":"<p><a href=\"http:\/\/www.boardistan.com\/wp-content\/uploads\/2009\/08\/intrawest.jpg\" onclick=\"window.open('http:\/\/www.boardistan.com\/wp-content\/uploads\/2009\/08\/intrawest.jpg','popup','width=103,height=46,scrollbars=no,resizable=yes,toolbar=no,directories=no,location=no,menubar=no,status=yes,left=0,top=0');return false\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.boardistan.com\/wp-content\/uploads\/2010\/04\/intrawest-tm.jpg\" height=\"44\" width=\"100\" border=\"1\" align=\"right\" hspace=\"4\" vspace=\"4\" alt=\"Intrawest\" \/><\/a><strong><a href=\"http:\/\/www.whistlerblackcomb.com\/\" target=\"_blank\">Whistler-Blackcomb<\/a><\/strong> resort owner <strong><a href=\"http:\/\/www.intrawest.com\/\" target=\"_blank\">Intrawest <\/a><\/strong>(and its parent company <strong><a href=\"http:\/\/www.fortressinv.com\/\" target=\"_blank\">Fortress Investment Group<\/a><\/strong>) has apparently swung successfully on the finance monkey bars once again and found a lender willing to not only pay off <strong><a href=\"http:\/\/www.boardistan.com\/index.php?s=fortress+investment\" target=\"_blank\">all their old loans<\/a><\/strong>, but also  give them another four years to come up with $1.7 billion, according to a story on <strong><a href=\"http:\/\/www.reuters.com\/article\/idUSN2713405520100427?type=marketsNews\" target=\"_blank\">Reuters<\/a><\/strong>.<\/p>\n<blockquote><p>Details of the new loan were not released, but Intrawest, a unit of Fortress Investment Group (FIG.N), said on Tuesday that all prior lenders had been repaid in full and the new loan does not mature until 2014. . . Intrawest had been negotiating with lenders to refinance the $1.7 billion in debt taken on when Fortress purchased it in 2006. The earlier loans had been due in December.<\/p><\/blockquote>\n<p>Sounds like someone has a little more confidence than we do in Intrawest&#8217;s ability to turn resort real estate into cold hard cash. Hope there are some buyers, because they&#8217;re definitely not going to make up $1.7 billion with lift tickets and green fees.<\/p>\n<p><strong>[Link: <\/strong><strong><a href=\"http:\/\/www.reuters.com\/article\/idUSN2713405520100427?type=marketsNews\" target=\"_blank\">Reuters<\/a><\/strong><strong>]<br \/>\n<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Whistler-Blackcomb resort owner Intrawest (and its parent company Fortress Investment Group) has apparently swung successfully on the finance monkey bars once again and found a lender willing to not only pay off all their old loans, but also give them another four years to come up with $1.7 billion, according to a story on Reuters. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[14,12],"tags":[],"_links":{"self":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/15727"}],"collection":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15727"}],"version-history":[{"count":3,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/15727\/revisions"}],"predecessor-version":[{"id":15761,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/15727\/revisions\/15761"}],"wp:attachment":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15727"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15727"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}