Latest updates from Rob's personal expertise.
Published on 05 December 2012
One of our Kadenwood Luxury Homes was chosen to be featured as Wall Street Journal's House of the Day.
Check out the link below:
Published on 04 December 2012
WHISTLER, BC, Dec. 3, 2012 /PRNewswire/ - Whistler Blackcomb Holdings Inc. (TSX: WB) (the "Corporation") and KSL Capital Partners, LLC ("KSL") are pleased to announce that an affiliate of KSL has entered into a purchase agreement with Intrawest ULC ("Intrawest") to acquire Intrawest's 9,092,500 common shares of the Corporation, representing approximately 24% of the Corporation's issued and outstanding common shares, for $12.75 per common share. The Corporation understands that the Intrawest disposition is being made in conjunction with an Intrawest refinancing. The transaction is expected to be completed tomorrow. KSL is a U.S. private equity firm dedicated to investments in travel and leisure businesses.
As a result of the sale by Intrawest, Bill Jensen has tendered his resignation as a director and Chief Executive Officer and each of Wes Edens and Jonathan Ashley has tendered his resignation as a director of the Corporation, effective as of the time of closing. Also effective as of the time of closing, the Corporation's board of directors has appointed Dave Brownlie, the Corporation's current President and Chief Operating Officer, as the Corporation's President and Chief Executive Officer and a director, and appointed Eric Resnick and Peter McDermott, both of KSL, as directors to fill the vacancies created by these resignations. Mr. Resnick is co-founder and Managing Director of KSL and has deep, long-standing ties to the ski industry. Mr. McDermott is a partner at KSL.
Concurrently with these appointments, the Corporation's board of directors has appointed Flora Ferraro, the Corporation's current Vice President of Finance, as Interim Chief Financial Officer. The Corporation intends to announce the appointment of a permanent chief financial officer shortly.
"KSL is delighted to be acquiring a 24% interest in a world-class ski area. Whistler Blackcomb is the largest and most visited ski resort in North America and we feel that it complements our portfolio of premier travel and leisure properties. Peter and I are looking forward to working with the board to grow the business. Whistler Blackcomb has a very experienced and successful management team and we are enthusiastic to work with them as they continue to deliver a fantastic mountain experience for Whistler Blackcomb's guests" commented Mr. Resnick.
"On behalf of the board of directors, I am very pleased to welcome Eric Resnick and Peter McDermott to the board. We would also like to express our appreciation to Wes Edens and Jonathan Ashley for their contributions to Whistler Blackcomb during their tenure on the board, and especially to Bill Jensen, for his valued service as Chief Executive Officer and as a director" commented Graham Savage, Chairman of the Corporation's board of directors. "We are also pleased to appoint Dave Brownlie as Chief Executive Officer and as a member of the board of directors. With over 24 years in ski resort management, Dave brings insight and experience to the position and I am looking forward to continuing to work with him to grow the business."
ABOUT THE TRANSACTION
KSL expects to hold the purchased shares for investment purposes. However, KSL and its affiliates expect to evaluate on an ongoing basis the Corporation's financial condition and prospects and its interest in, and intentions with respect to, the Corporation and KSL's investment. KSL and its affiliates may from time to time acquire additional common shares of the Corporation or may dispose of all or a part of their shares.
In connection with KSL's acquisition of Intrawest's common shares, KSL will assume Intrawest's rights and obligations under a registration rights agreement which will provide KSL the right to require the Corporation to qualify by prospectus all or a portion of its shares for distribution to the public in Canada, subject to certain conditions. The registration rights agreement is more fully described in the Corporation's final prospectus dated November 2, 2010 and a copy is available on SEDAR at www.sedar.com under the Corporation's profile.
KSL's acquisition of common shares of the Corporation from Intrawest will be made in reliance on the take-over bid exemption contained in subsection 100.1(1) of the Securities Act (Ontario), its corollary provision in Multilateral Instrument 62-104 Take-Over Bids and Issuer Bids and section 2.3 of National Instrument 45-106 Prospectus and Registration Exemptions.
A report regarding KSL's holding in the Corporation will be filed on SEDAR and will be available under the Corporation's profile at www.sedar.com or by request in writing to KSL Capital Partners, LLC 100 Fillmore Street, Suite 600 Denver, CO 80206.
ABOUT WHISTLER BLACKCOMB HOLDINGS INC.
Whistler Blackcomb Holdings Inc. owns a 75% interest in each of WhistlerMountain Resort Limited Partnership and Blackcomb Skiing Enterprises Limited Partnership, which, together, carry on the four season mountain resort business located in the Resort Municipality of Whistler, British Columbia. Whistler Blackcomb, the official alpine skiing venue for the 2010 Olympic Winter Games, is situated in the Resort Municipality of Whistler located in the Coast Mountains of British Columbia 125 kilometres (78 miles) from Vancouver, British Columbia. North America's premier four-season mountain resort, Whistler Mountain and Blackcomb Mountain are two side-by-side mountains, connected by the world record-breaking PEAK 2 PEAK Gondola, which combined offer over 200 marked runs, over 8,000 acres of terrain, 14 alpine bowls, three glaciers, receive on average over 1,192 centimetres (469 inches) of snow annually, and offer one of the longest ski seasons in North America. In the summer, Whistler Blackcomb offers a variety of activities, including hiking and biking trails, the Whistler Mountain Bike Park, and sightseeing on the PEAK 2 PEAK Gondola. WhistlerBlackcomb Holdings Inc. is listed on the Toronto Stock Exchange under the symbol "WB". For more information, visit www.whistlerblackcombholdings.com. Additional information related to the Corporation is available on SEDAR at www.sedar.com.
ABOUT KSL CAPITAL PARTNERS, LLC
KSL is a private equity firm specializing in travel and leisure enterprises in five primary sectors: hospitality, recreation, clubs, real estate and travel services. KSL has offices in Denver, Colorado and New York. KSL's current portfolio includes some of the premier properties in travel and leisure, including The Belfry, The Grove Park Inn, The Homestead, Montelucia Resort & Spa, Barton Creek Resort & Spa, Rancho Las Palmas Resort & Spa, The James Royal Palm, La Costa Resort and Spa, and ClubCorp, one of the world's largest owners of private golf and business clubs. KSL also owns other premier recreation businesses, including Squaw Valley and Alpine Meadows, two of the leading ski resorts in North America; and Western Athletic Clubs, the owner and operator of luxury fitness clubs in California.
For more information on KSL, please visit www.kslcapital.com.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements or information, within the meaning of applicable Canadian securities laws, including, but not limited to, statements with respect to the anticipated closing date for KSL's acquisition of Intrawest's common shares of the Corporation, the appointment of new officers and new directors of the Corporation, KSL's assumption of Intrawest's rights under the rights registration agreement with the Corporation and other information or statements about future events or conditions which may prove to be incorrect.
The forward-looking statements and information contained in this press release are based on certain factors and assumptions made by management of the Corporation including, but not limited to KSL and Intrawest's complying with their obligations pursuant to the purchase agreement.
The forward-looking statements and information contained in this press release are subject to a number of significant risks and uncertainties that could cause actual results to differ materially from those anticipated including, but not limited to, risks relating to the transactions not proceeding for any reason, including the price of the Corporation's common shares changing materially as a result of any of the following unfavourable weather conditions, economic downturns, the seasonality of Whistler Blackcomb's operations, the extent of required capital expenditures, currency fluctuations, the competitive nature of Whistler Blackcomb's industry, the unanticipated departure of named executed officers, a general dependence on a seasonal workforce, reliance on existing material agreements, risks relating to Whistler Blackcomb's access and use of debt financing, adequacy of the Corporation and Whistler Blackcomb's insurance coverage, litigation, safety and accidents, environmental laws and regulations, leisure and business travel, the impact of any occurring natural disasters and economic, business and market conditions.
Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements or information prove incorrect, actual results may vary materially from those described herein. Although the Corporation believes that the expectations reflected in such forward-looking statements and information are reasonable, undue reliance should not be placed on forward-looking statements or information because the Corporation can give no assurance that such expectations will prove to be correct.
These forward-looking statements and information are made as of the date of this press release, and the Corporation has no intention and assumes no obligation to update or revise any forward-looking statements or information to reflect new events or circumstances, except as required by applicable Canadian securities laws.
SOURCE Whistler Blackcomb
For Whistler Blackcomb Holdings Inc.
Senior Manager, Investor Relations
Whistler Blackcomb Holdings Inc.
For KSL Capital Partners
Murphy O'Brien Inc.
Published on 16 October 2012
Congratulations to our friends at Whistler Blackcomb!
Whistler Blackcomb was voted the #1 Ski Resort in North America by the readers of SKI Magazine for 2013!
Check out Whistler Blackcomb's new video series The Wonder Reels
Published on 11 October 2012
It's confirmed, Whistler will be the host venue for the 2013 Ironman Canada Triathalon. Mark the date on your calendar, August 25th, 2013- will be an amazing event!
See the link below for more details.
Published on 04 October 2012
2152 Lake Placid Road - OPEN HOUSE Saturday, Oct 6th 11am - 2pm
Embrace the best of mountain living with this stunning 5000 square foot luxury log home. Western red cedar logs knit together to shape this 5 bedroom, 7 bathroom retreat. Vaulted ceilings throughout and a trio of skylights keep the great entertaining areas open and airy. Enjoy stunning views of Whistler's Peak from your covered outdoor hot tub to relax in one of two steam rooms/sauna. Completely renovated and expanded in 2003 and immaculately maintained.
Step inside to discover the magic of this stunning home.
Published on 03 October 2012
Turkey Sale - Whistler Blackcomb's legendary Turkey Sale is back, featuring the hottest ski and snowboard clothing and equipment from last season and this season at discounted prices up to 70 per cent off. Located in the Blackcomb Daylodge in the Upper Village, the sale will start on Friday, October 5 from noon to 9 p.m. for locals, Season Pass and EDGE Card holders. The sale continues on Saturday October 6 and Sunday, October 7 from 9 a.m. to 6 p.m. and on Monday, October 8 from 10 a.m. to 5 p.m.
This year the Turkey Sale will include actual turkeys! On Saturday, one hundred frozen turkeys will be on sale for $10 each. All proceeds from the Thanksgiving birds sold will go towards the Whistler Food Bank.
"This year we felt it was really important to give back to the community by including the Whistler Food Bank in the Turkey Sale," said Josh Buchanan, merchandising manager of retail operations at Whistler Blackcomb. "By donating 100 per cent of proceeds from the sale of our turkeys, we hope to raise $1,000 which will support the Food Bank's goal of assisting people and families in need."
Published on 04 September 2012
Check out this amazing video series from Whistler Blackcomb. The second video is a fantastic new video to get you ready for Winter. This is our backyard!
Published on 29 August 2012
SOLD! Congratulations to the New Owners of this Beautiful Whistler Home
The character of this quintessenial Emerald Estates property is reflected in this beautifully restored home.
Published on 09 August 2012
RIVER BEND at Cheakamus Crossing is now SOLD OUT!
RIVER BEND at Cheakamus Crossing is part of a unique and exceptional neighbourhood that has been specifically designed with both the needs of the Whistler community and environment in mind. One of Whistler's most talked-about Olympic legacies ,the neighbourhood was developed prior to the 2010 Olympic and Paralympic Winter Games to house visiting athletes, and has been converted post-Games into a vibrant, local community with a diverse housing mix, front door access to countless recreational opportunities and neighbourhood conveniences.
Published on 13 June 2012
Resort Municipality of Whistler Community Advisory
2012 Whistler Community Life telephone survey to begin June 15; Online survey available June 25 to July 15, 2012
June 11, 2012: Whistler, BC – The Resort Municipality of Whistler (RMOW) will begin a phone survey of residents and second homeowners starting on June 15, 2012 and the survey will continue until June 29, 2012. An online survey will also be available at whistler.ca/survey from June 25 to July 15, 2012.
This is the sixth community life survey conducted by the municipality, and survey results will help to measure performance towards the priorities identified in Whistler2020, Whistler's comprehensive community plan and vision, as well as resident satisfaction with municipal programs, parks and infrastructure, services, and decision making; the 2013 budget process; taxation; and community engagement.
The survey, which will take approximately 13 to 15 minutes to complete, is designed to support transparency and accountability in municipal operations, to help inform municipal decision making, and to facilitate the measurement of trends over time.
A total of 500 random telephone interviews (of 300 full-time residents and 200 second-home owners) will be completed. In addition, the online survey will be available for residents, including second homeowners and those without landlines, to provide input. This is the second time the municipality has provided an online survey option. In December 2010, the online survey was completed by 270 people.
"We want to hear from you," said Mayor Nancy Wilhelm-Morden. "Community engagement is one of the priorities identified in our Council Action Plan. We encourage anyone who is contacted by phone, to take the time to participate in the survey, and we hope that residents and second homeowners will access the survey online. The community life survey is one of the first steps in the 2013 budget planning process, which is now underway, and will help to inform our overall municipal plans moving forward."
The survey is being managed by the Whistler Centre for Sustainability on behalf of the Resort Municipality of Whistler, and is being conducted by the Mustel Group, a market research group, which has been responsible for previous Whistler community surveys. All participants will remain anonymous and individual responses will be treated as confidential.
This year's top line survey results will be available in July following a presentation to Council.
Surveys from previous years can be found at whistler.ca/survey.
Published on 12 June 2012
The character of this quintessenial Emerald Estates property is reflected in this beautifully restored home. With exceptional attention to detail and quality craftsmanship throughout, it's all about the comforts and conveniences of a mountain home. Sun drenched decks make way to exposed rock slabs and beautifull natural landscaping. Enjoy your escape from it all.