Whistler owners get delay in foreclosure auction | VailDaily.com

Whistler owners get delay in foreclosure auction

The Denver Post
Vail, CO, Colorado

Fortress Investment Group LLC, whose Intrawest ULC owns Olympic skiing venue Whistler Blackcomb, agreed with creditors to postpone a foreclosure auction set for today, said a person with knowledge of the agreement.

Creditors agreed to extend the auction deadline until Feb. 26, said the person, who declined to be identified because terms are private.

The lender-appointed administrative agent, Wilmington Trust FSB, said the auction would have included stakes in Whistler Blackcomb and Steamboat ski area and a contract to operate Winter Park ski area for Denver.

Broomfield-based Vail Resorts Inc. heads a list of bidders seeking to buy Whistler, the Globe and Mail reported Thursday, citing unidentified people. Kate Coble, a spokeswoman for Vail, declined to comment when contacted by Bloomberg News.

Support Local Journalism

Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.

User Legend: iconModerator iconTrusted User