Olympics stoke Whistler rental market

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

WHISTLER, B.C. -- Talk about timing, and a captive audience. If you are going to schedule a foreclosure sale, you might as well do it when the world is coming to your door. Three weeks before the opening ceremonies of the 2010 Winter Olympic Games in Vancouver, a two-hour drive south of this gorgeous setting via the Sea to Sky Highway, lenders announced that they had seized the assets of Vancouver-based Intrawest ULC, which operates this mountain ski resort that will host a majority of the key alpine events. New York-based Davidson Kempner Capital Management, which heads the lender group, said it plans to hold a public auction on Feb. 19, smack in the middle of the international winter sports festival. Ironically, part of the package also includes the resort at Squaw Valley, Calif., site of the 1960 Winter Olympics, plus Colorado's Steamboat and Winter Park, and Mont Tremblant in Quebec. Olympic Games' organizers said that all events will go on as scheduled. Vancouver-ba...