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Fortress’s Olympics host company Intrawest sells ski resort

29 Jan 2010

A portfolio company of alternative asset manager Fortress Investment that specialises in mountain resorts has sold off one of its Canadian ski resorts as it moves to refinance its debt. Intrawest, which is providing one of the host venues for next month’s Winter Olympics in Canada, has agreed to sell its Panorama Mountain Village resort in British Columbia to a newly formed company, known as Panorama Mountain Village Inc.

 

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