Intrawest is facing refinancing a $1.7 billion in loan in October. The heaviest speculation is that Intrawest will be forced to sell properties to pay down its loans and make refinancing easier, if at all possible.
Most analysis argue that Intrawest is a real estate entity with properties that are difficult to sell for value in this market rather than a resort operation like it's biggest competitor Vail.
Mont Tremblant is currently the number one property thought to be on the block. However rumors have been flying in Colorado about suitors looking at Copper Mountain.
Bill Jensen, Intrawest's Chief Executive has stated recovery in the ski industry will probably not occur until the 2011-12 ski season.
See Squeezed by debt, Intrawest eyes asset sale, Ski industry should expect long recovery, says Intrawest CEO Bill Jensen and Intrawest eyes asset sale to pay down debt-report.
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