Press Release: Intrawest Corporation
May 2, 2002
SANDESTIN, FL -- Club Intrawest, the vacation ownership division of Intrawest Corporation, yesterday opened its
seventh and newest resort location at the Sandestin Golf and Beach Resort in Florida. The resort is located on
2,400 acres in northwest Florida, between Pensacola and Panama City, on the Gulf of Mexico.
The exclusive private Members' Club - with locations in other resorts including Palm Desert, CA; Whistler, Vancouver
and Panorama, BC; Kauai, HI and Tremblant, QC - today opened its doors to its first members and guests. In operation
since 1994, Club Intrawest has over 22,000 members globally, all holding an equity-based membership and enjoying
unprecedented vacation flexibility in a private club atmosphere.
"We chose Sandestin Golf and Beach Resort as the destination for our newest Club location because we believe
the natural beauty of the resort, its facilities and superior guest service standards will complement our existing
locations," said Barb Jackson, vice president, Guest Experience & Communications for Club Intrawest. "Our
club locations are chosen very carefully. We are proud to be part of Sandestin's continued success, and anticipate
hosting thousands of members and guests at the resort every year."
In Sandestin, Club Intrawest will include about 150 one- and two-bedroom vacation homes, with 59 in the first phase
nearing completion. Each includes original artwork, locally themed interior furnishings, as well as full kitchens
and in-suite laundry facilities. On-site amenities include a private movie theater, pool and fitness facilities,
meeting room and a private members' beach center.
Members and guests are eligible for the traditional "all-inclusive" Sandestin guest package, including
shuttle service and complimentary bicycle rental in an atmosphere of privacy, security and relaxation.
"The number one thing for me is that Club Intrawest has always been true to its vision. Each of the club locations
is authentic to its natural and cultural surroundings. At each location you encounter the same five-star service,"
said James Orr, a Club Intrawest member from Quebec.
"Club Intrawest will be a great addition to Sandestin. We look forward to welcoming its members," said
Mike Stange, vice president and general manager of Sandestin Golf and Beach Resort.
Club Intrawest offers an innovative and completely flexible vacation ownership concept. Members enjoy luxurious
accommodations at some of the world's premier four-season destinations. With Club Intrawest's Resort Point system,
members enjoy the ultimate flexibility of daily scheduling. Members are not locked into a specific week or length
of stay at a specific resort. Club Intrawest can be found on the Web at www.clubintrawest.com.
Club Intrawest is operated by Intrawest Resort Ownership Corporation, a wholly owned subsidiary of Intrawest Corporation,
North America's leading developer and operator of four-season destination resorts.
Intrawest Corporation (IDR:NYSE; ITW:TSE) is the leading developer and operator of village-centered resorts across
North America. The company owns nine mountain resorts, including Whistler Blackcomb, North America's most popular
mountain resort. Intrawest also owns Sandestin Golf and Beach Resort in Florida and has a premier vacation ownership
business, Club Intrawest. The company has a significant investment in Compagnie des Alpes, the largest ski company
in the world in terms of skier visits and a 45 per cent interest in Alpine Helicopters Ltd., owner of Canadian
Mountain Holidays, the largest heli- skiing operation in the world. The company is headquartered in Vancouver,
British Columbia and is located on the World Wide Web at www.intrawest.com.
Statements contained in this release that are not historical facts are forward-looking statements that involve
risks and uncertainties. Intrawest's actual results could differ materially from those expressed or implied by
such forward-looking statements. Factors that could cause or contribute to such differences include, but are not
limited to, seasonality, weather conditions, competition, general economic conditions, currency fluctuations and
other risks detailed in the company's filings with the Canadian securities regulatory authorities and the U.S.
Securities and Exchange Commission.
Contacts:
Club Intrawest: Barb Jackson, vice president, guest experience and communications at (604) 331-3201 or at bjackson@clubintrawest.com.
Intrawest Corporation: Stephen Forgacs, manager, investor relations and corporate communications at (604) 623-6620
or at sforgacs@intrawest.com.
SOURCE: Intrawest Corporation