Monday March 12, 5:25 pm Eastern Time
By Jeffrey Jones
CALGARY, Alberta, March 12 (Reuters) - An owner of several top Canadian ski resorts, including World Cup-hosting
Lake Louise in Alberta, said on Monday it has filed for protection from creditors and plans to sell a number of
properties after being hit by a cash crunch.
Resorts of the Canadian Rockies, a privately held company that owns eight high-profile ski areas in Alberta, British
Columbia and Quebec, said it plans to restructure its debt and sell ``non-core'' resorts following a weak start
to the ski season and its U.S. bank's decision to withdraw from ski-industry lending.
The actions, the subject of speculation for several months, were expected to have no impact on skiers who hold
season tickets or have booked vacation packages, the company said.
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