Lake Las Vegas, Nev. – Intrawest Corporation (IDR:NYSE; ITW:TSE) continued its real estate momentum at Lake Las Vegas Resort on November 13, when all 85 resort condominiums offered in the second release of Luna di Lusso at MonteLago Village were sold in less than three hours.

The studio, one- and two-bedroom lakeside properties were priced from $300,000 to more than $1.1 million. The sellout follows the same results from the first release in July where the first 85 resort condominiums in Luna di Lusso sold out. 

Intrawest anticipates steady demand at Lake Las Vegas as travel to Southern Nevada continues to rise. This past September was the busiest ever at McCarran International Airport and the eighth consecutive month of double-digit increases.

 “We have MonteLago Village buyers coming from as close as Southern California and as far away as the east coast,” said Douglas Ogilvy, Intrawest Regional Vice President.    “That’s a testament to Lake Las Vegas Resort’s uniqueness as a destination and the popularity of the type of vacation real estate that Intrawest offers.”

Each resort condominium is fully furnished and comes with many optional services available to owners including the opportunity to place the homes in a rental arrangement.   Construction is already underway, with initial occupancy for this second release anticipated for early 2006. 

Lake Las Vegas Resort is built around a 320-acre lake and surrounded by desert mountains.  The 3,592-acre resort is just 17 miles from the Las Vegas Strip and features a Mediterranean theme throughout.  It is master planned to offer residential housing, world-class resort hotels, casinos, shopping, spas and up to six signature golf courses by noted designers such as Jack Nicklaus and Tom Weiskopf. 

For more information on MonteLago Village, visit www.montelagovillage.com or contact Jason Koverchuk, at (702) 219-2183 or jkoverchuk@playground.com.

About Intrawest

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 and Paralympic 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. For more information, visit www.intrawest.com.

* Source: McCarran International Airport

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Contact:

Douglas Ogilvy, Intrawest Regional Vice President, Southwest Region
775-332-1200
dogilvy@intrawest.com

Chris Lyman, Lyman Public Relations
530-546-3872

chris@lymanpr.com