of Imagine'' Will Include Two Condominium-hotels
|ORLANDO, Fla. - Sept. 19, 2005-- Intrawest Corporation (NYSE:IDR -
News; TSX:ITW), one of the world's leading destination resort and adventure-travel
companies, has announced plans of their first resort village in the Central
Florida market. Located on a 30-acre property acquired through a joint
venture partnership in March 2004, the master-planned resort village will
include approximately 1,000 units consisting of a mix of residential homes,
townhomes and condo-hotel units. The Village of Imagine is in keeping with
Intrawest's worldwide reputation for memorable and extraordinary resorts
and will incorporate and blend the variety of styles and experiences characteristic
of the Central Florida area.
The Village of Imagine is located in the city of Orlando on Universal
Boulevard - directly across from the Orange County Convention Center. It
will be set on the shores of two lakes and interwoven by a series of waterways
and pedestrian-friendly walkways. The resort village will provide luxury
accommodation and easy access to amenities essential to the continued growth
of the area's convention business.
"The creation of The Village of Imagine marks a definite turning point for the city of Orlando, for Orange County, for Florida and for the millions of business and leisure visitors to Orlando every year," commented Kathie Canning, deputy general manager, Orange County Convention Center. "Not only will they experience the real Florida culturally, recreationally, and naturally, they'll be within walking distance of the world-class facilities of the Convention Center. A definite first to have so much so close to our doors."
The Village of Imagine Discovery Center is now open on Universal Boulevard, and is providing information on its priority reservation program for units in the first of two signature grand condominium-hotels. This is a limited ownership opportunity in a 130-unit condominium-hotel in partnership with a major hotelier. Completion of the first phase is estimated to be early 2008.
About The Village of Imagine
The Village of Imagine is owned by Orlando Village Development Limited Partnership, a joint venture partnership. When completed, it will feature approximately 1,000 residences showcasing a mixture of architectural styles authentic to the state, while devoting ample space to native landscaping, abundant water features, natural walkways and preserved green areas. Located in the heart of Central Florida and next to the Orange County Convention Center, The Village of Imagine will provide a place for business travelers to dine and unwind, a venue for destination travelers to marvel in the one-of-a-kind retail concepts and a friendly gathering place for locals who seek an exceptional level of service and attention.
About Intrawest Corporation
|Also See:||Intrawest Corporation Reports Net income of $32.6 million for Fiscal Year Ended June 30, 2005; Results of Abercrombie & Kent During First Year of Ownership Exceeds Expectations / September 2005|
|The Ultimate Anti-hotel; Intrawest Building Two New Private Residence Clubs in Tremblant, Quebec, and Sandestin, Florida / November 2004|