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 Invitation-only Buyers Acquire All Freehold, Luxury Condominiums at
 Four Seasons Resort Whistler, Scheduled for Completion in 2004

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VANCOUVER, Feb. 26, 2002 - Intrawest Corporation, the premier developer of village-centered resorts in North America, today announced the complete sell-out of the Cdn. $152 million, 242-suite Four Seasons Resort Whistler.

Demand was so strong that all available suites were purchased within five hours of the invitation-only sales launch today at the Four Seasons Hotel in Vancouver.

Intrawest chairman, president and chief executive officer, Joe Houssian, said that while the high level of buyer interest was expected, it was nevertheless very encouraging.

�Four Seasons Resort Whistler is the largest real estate sales launch ever carried out by Intrawest not only in Whistler but at any Intrawest-owned resort,� he said. �Selling out of the project in this short amount of time is confirmation that purchaser demand for luxury resort suites is strong.�

The freehold, strata-titled luxury condominiums will range in size from 590 sq. ft. to 2,900 sq. ft. Prices ranged from the mid-Cdn. $300,000s to approximately Cdn. $2.3 million.

�There are a number of unique factors that make Four Seasons Resort Whistler such an attractive proposition,� Houssian continued. �This is the first time that buyers have been offered an opportunity to acquire whole ownership real estate in a Four Seasons hotel. It is also the first time that Intrawest has combined its expertise with the well-recognized reputation of Four Seasons.�

Isadore Sharp, chairman and chief executive officer of Four Seasons Hotels and Resorts, said buyers who acquired suites today in Four Seasons Resort Whistler are now owners of what will be the most luxurious resort in Whistler.

�This is our first new property in Canada in 20 years and an exciting start to what we�re certain will be a very successful partnership,� said Sharp.

Construction of Four Seasons Resort Whistler is scheduled to begin in April 2002 and will be completed by summer 2004. Purchasers came from the Greater Vancouver area, Washington, California and Hong Kong.

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. Intrawest Corporation�s shares are listed on the New York (IDR) and Toronto (ITW) stock exchanges. The company is headquartered in Vancouver, British Columbia.

With a history spanning four decades and a portfolio that now extends around the globe, Four Seasons Hotels and Resorts (FS:NYSE; FSH:TSE) is the world�s leading operator of luxury hotels, currently managing 54 properties in 25 countries.  
 

 

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Contact:
Intrawest Corporation
http://www.intrawest.com

Also See Intrawest Charges ahead with Plans for Winter Park and a $250 million Village at Snowmass Village / November 2001 
Driven by Strong Performances in Resort Operations and Real Estate, Intrawest Reports Healthy 2001 Fiscal Year Results / Sept 2001 


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