Thursday, January 21, 2010

Lenders to auction Whistler [Alpine ski events] during Olympics

Canada's Whistler Blackcomb resort, site of several alpine-ski events during next month's Winter Olympics, will be on the auction block during the Games.

Intrawest's corporate owner, New York hedge fund Fortress Investment Group, last fall missed a $524 million payment on a $1.4 billion debt. Since then, the fund has been negotiating with its lenders — reportedly the defunct Lehman Bros. and hedge fund Davidson Kempner.

Olympics | Lenders to auction Whistler during Olympics | Seattle Times Newspaper

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