April 24, 2001
ORLANDO, FL -- Resort Condominiums International, LLC (RCI), yesterday announced an exclusive affiliation agreement
with Intrawest Resort Ownership Corporation to provide external exchange services for Club Intrawest's members.
All 10,000 existing Intrawest owners as well as new owners will immediately become RCI members and have access
to RCI's 3,700 resorts worldwide. RCI members will also have access to Intrawest's world-renowned resorts in locations
such as Whistler/Blackcomb and Panorama, B.C.; Mt. Tremblant, Quebec; Kauai, Hi.; Palm Desert, Calif. and Vancouver,
B.C.
``Club Intrawest is among the elite brands in our industry; their locations are truly outstanding,'' said Ken May,
CEO of RCI. ``We are pleased to add these exceptional resorts to our already vast selection of vacation choices
for our members.''
Jim Gibbons, president of Club Intrawest and CEO of IROC, said, ``We have selected RCI to be our exclusive exchange
partner because of its proven and passionate service commitment, their forward thinking and the superior network
of vacation options that we will now be able to provide to our members.''
Club Intrawest is the Vacation Ownership/Membership arm of Intrawest Corporation, the leading developer and operator
of village centered resorts across North America. The company owns Whistler/Blackcomb, North America's most popular
mountain resort. It also owns Panorama, B.C., Blue Mountain in Ontario (50 percent), Tremblant and Mont St. Marie
in Quebec, Copper, Colo., Stratton, Vt., Snowshoe, W.V., Mountain Creek, N.J., Mammoth, Calif. (59 percent), and
Sandestin Golf and Beach resort in Florida. Intrawest is also creating world-class four-season resort villages
at Keystone, Colo., Solitude, Ut., Squaw Valley near Lake Tahoe, Calif., Les Arcs, France and Lake Las Vegas Resort,
Nev.
Intrawest has a significant investment in Compagnie des Alpes, the largest ski company in the world in terms of
ski visits and a 45 percent interest in Helicopters Ltd., owner of Canadian Mountain Holidays, the largest heli-ski
operator in the world. Intrawest Corporation shares are listed on the New York (IDR) and Toronto (ITW) stock exchanges.
The company is headquartered in Vancouver B.C., Canada.
RCI (RCI.com) is the world's leading global provider of products and services to the timeshare industry, with more
than 3,700 affiliated resorts in 100 countries. In pursuit of its mission to be the market maker in global travel
and leisure, RCI offers the world's leading timeshare exchange services through RCI Points, the first worldwide
points-based exchange system, and RCI Weeks, RCI's traditional week-for-week exchange system. Last year, more than
2 million exchanges were confirmed through RCI, sending an estimated 7.5 million people on vacation. RCI provides
integrated timeshare solutions in addition to exchange services through RCI Market Links, including consulting,
travel agency and technological support. RCI is a subsidiary of Cendant Corporation (NYSE: CD).
SOURCE: Resort Condominiums International, LLC