Club Intrawest unaffected by financial woes 

So far the Club Intrawest resort club has been entirely unaffected by the sale of Intrawest properties or the larger financial issues surrounding Intrawest ULC or its parent company Fortress Investment Group.

According to Vince Scott, senior vice president of sales and marketing for Club Intrawest, Intrawest is only the manager of the club - all of the properties are owned by the members themselves and therefore were not part of any sale.

To date only one Club Intrawest location has been affected by a sale, with Intrawest selling its stake at Panorama Mountain Resort last week to a group of local business owners.

"(The building) is not technically owned by Intrawest, it's owned by the members themselves and held in a trust, so Club Intrawest is not really affected by any of this stuff," said Scott.

As well, of the 16 Club Intrawest locations, only a few are at locations where Intrawest has a stake in resort operations. They are Whistler, Blue Mountain and Mont Tremblant. Other club holdings include Vancouver, Palm Desert and Zihuatanejo, Mexico. Through an alliance with Hilton Grand Vacations, Club Intrawest Members can also access other locations in Honolulu and Waikoloa, Hawaii; Las Vegas (three locations); Orlando (two locations) and Miami Beach. As well, members enjoy the benefits of partnerships with other organizations that provide access to properties and cruise ships around the world.

Scott would not comment on whether the club would change its name if Intrawest ceased to exist or own its associated properties.

"For the foreseeable future we are Club Intrawest," he said. "I can't really comment on that not knowing what's going to happen. As it stands now Intrawest manages the club, but the properties are owned by the members."

 

 

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