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  The Ultimate Anti-hotel; Intrawest Building Two New
Private Residence Clubs in Tremblant, Quebec,
and Sandestin, Florida
.
VANCOUVER, Nov. 9, 2004 - Storied Places®, a division of Intrawest, will build two new Storied Places® communities in Tremblant, Quebec, and Sandestin, Florida, expanding the company's innovative brand of resort home co-ownership that redefines the Private Residence Club (PRC) industry in North America.

Storied Places® Tremblant is the first PRC development to be built in Quebec. Storied Places® Sandestin (Inspiration), at Sandestin Golf and Beach Resort on Florida's Emerald Coast, is Storied Places® first beach and golf community to be developed in North America. These two new locations join Whistler and Lake Tahoe as home to a Storied Places® community.

Storied Places® is redefining the PRC segment of the real estate industry by offering a sophisticated Chaptered Ownership(TM) model and advantaged access to all the best a resort area has to offer.

"We created Storied Places® to fulfill a need that was not being met by other major players in the Private Residence Club segment," said Michael Coyle, Executive Vice President Intrawest Placemaking. "Everything at Storied Places® is centered around creating a genuine sense of community where owners are recognized by name and where friendships can be rekindled year after year."

The trend towards shared ownership of resort homes - known as fractional real estate - is gaining tremendous momentum throughout North America. According to recent data from Ragatz Associates, there are 151 resorts offering significant fractional opportunities, with 132 in the United States and eight in Canada. The industry is growing 150% per year and is only in its infancy as a trend in second home ownership.

Intrawest is a leader in the PRC industry, introducing in 2002 its first Storied Places® community in Whistler, British Columbia. With two communities now built, two new Storied Places® in development, plus two more proposed for the near future, the company is the North American industry leader in the design, construction and operation of PRC developments.

"In today's often hectic world, Storied Places® communities are a refuge to re-energize and re-connect with family and friends. They foster a sense of belonging we believe people crave, but seldom find with traditional resort accommodations," said Alasdair Douglas, Vice President of Sales and Marketing for Storied Places®.

Intrawest's newest Storied Places® communities

The private residences of Storied Places® Tremblant and Storied Places® Sandestin are offered for Chaptered Ownership(TM), Intrawest's proprietary PRC ownership model created after years of research into the co-ownership real estate industry. It was developed in consultation with a PhD mathematician to ensure owners get the maximum amount of access to their homes. There are 10 "Chapters" available per residence and each Chaptered Owner receives a fee simple deeded title offering up to four weeks a year of guaranteed use and unlimited "space available" use. Homes are for the exclusive use of owners, their family and friends, and are not available for rent.

Storied Places® Sandestin is Intrawest's first beach and golf Storied Places® community in North America. The 20 distinct residences range in size from approximately 2,278 to 2,440 square feet. Homes are nestled in the lush fairways of the Rees-Jones-designed Burnt Pine Golf Club and the natural splendor of Choctawhatchee Bay. The Village of Baytowne Wharf is just a 5-minute walk away. 

Storied Places® Tremblant, set on a promontory overlooking magnificent Lake Tremblant, offers the rare opportunity to purchase co-ownership of one of 23 exquisitely designed ski-in/ski-out resort townhomes. The 23 four-bedroom private residences are situated in a 19-acre enclave surrounded by mature forest, a short walk from the heart of Mont Tremblant village.

Storied Service(TM) and Advantaged Access define a Storied Places® community

Everything at Storied Places® Tremblant and Storied Places® Sandestin has been carefully designed around the needs of owners. A hallmark of this unparalleled lifestyle is Storied Service(TM), where every detail of each owner's visit is personally handled before, during and after their stay. Every Storied Places® community has a Resident Innkeeper and a handpicked team of assistants available to cater to the needs of owners and oversee all aspects of daily operations in the community. The resident staff are supported by Storied Places OnCall(TM), a high-touch, high-tech communications hub that provides a 1-800 call center and on-line travel counselors to ensure everything is taken care of - from travel and baggage delivery to accessing "the best tables" or tee times.

Extensive privileges and benefits accompany ownership. Residents also receive advantaged access to all the activities and amenities offered at resort destinations, including exclusive access to an Owners' Lodge or Clubhouse with a pool, hot tub, fitness room, games, library and more.

Architecture details and home features

Storied Places® homes are among Intrawest's most masterfully designed dwellings, handcrafted from the rich, noble materials of the regions. At Storied Places® Tremblant, the architecture can be called Laurentian Craftsman, with a perfect blend of traditional styles from the region and a refined, modern touch. The architecture at Storied Places® Sandestin is clean, simple and sophisticated - a perfect mix of traditional southern design and a contemporary aesthetic to make the most of semi-tropical, outdoor coastal living. All homes come fully furnished and are filled with real beauty, proudly showcasing the works of local and regional artists and craftsmen. Homes are wired for high-speed Internet access and include a media room with HDTV and entertainment center.

About Storied Places®
Storied Places® is a division of Intrawest Corporation, where resort home co-ownership opportunities are continuously being developed in numerous irreplaceable locations in North America. The first two Storied Places® are Storied Places® Whistler (At Nature's Door, Whistler, British Columbia) and Storied Places® Lake Tahoe (Tonopalo, North Lake Tahoe, California). Two new Storied Places® communities are now taking shape - Storied Places® Tremblant in Quebec and Storied Places® Sandestin on Florida's Emerald Coast - with Phase 1 construction for these two projects estimated for completion in summer 2005. Other Storied Places® proposed for development include Mammoth, California and Lake Las Vegas, Nevada. 

About Intrawest Corporation
Intrawest Corporation (IDR:NYSE; ITW:TSX) is one of the world's leading destination resort and adventure-travel companies. Intrawest has interests in 10 mountain resorts in North America's most popular mountain destinations, including Whistler Blackcomb, a host venue for the 2010 Winter Olympic Games. The company owns a 67% interest in Abercrombie & Kent, the world leader in luxury adventure travel and a 45% interest in Canadian Mountain Holidays, the largest heli-skiing operation in the world. The Intrawest network also includes Sandestin Golf and Beach Resort in Florida and Club Intrawest - a private resort club with its ninth location in Zihuatanejo, Mexico opening in December 2004. Intrawest is developing five additional resort village developments at locations in North America and Europe. Intrawest is headquartered in Vancouver, British Columbia.

###

Contact:
Melissa Clancy, Brand Marketing Manager
    Storied Places
    Phone: (604) 648-3419
    mclancy@storiedplaces.com
www.storiedplaces.com
Also See: The Westin Resort Tremblant - a Hotel-Strata Title Ownership (HSO) Project - Sells Out in One Day / March 1999
Intrawest Sets its Sites on Global Leisure and Travel Market; Crosses $1.5 Billion Revenue Milestone / October 2004


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