Intrawest
TSX : IDR
NYSE : ITW

September 19, 2005 12:56 ET

Intrawest Corporation Announces its Newest Resort Village, ``The Village of Imagine'' in Central Florida

ORLANDO, Fla.--(CCNMatthews - Sep 19, 2005) -

Upscale Resort Residences, Hotels, Shopping and Dining Located Across from the Orange County Convention Center

Intrawest Corporation (NYSE:IDR) (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.

"With convenient access to the Convention Center along with the luxuries of upscale lodging, shopping and unique dining experiences, the Village of Imagine will be a sanctuary long sought after by both business and leisure travelers in the heart of the Central Florida tourism corridor," said Connie Wynne, Regional Vice President for Intrawest.

"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.

Please call 1-888-822-3532 for more information on residential and retail opportunities or you may visit the Web site at http://www.villageofimagine.com.

About Intrawest Corporation

Intrawest Corporation (NYSE:IDR) (TSX:ITW) is a world leader in destination resorts and adventure travel. The company has interests in 10 resorts at North America's most popular mountain destinations, including Whistler Blackcomb, a host venue for the 2010 Winter Olympic and Paralympic Games. Intrawest owns Canadian Mountain Holidays, the largest heli-skiing operation in the world, and an interest in Abercrombie & Kent, the world leader in luxury adventure travel. The Intrawest network also includes Sandestin Golf and Beach Resort in Florida and Club Intrawest - a private resort club with nine locations throughout North America. Intrawest develops real estate at its resorts and at other locations across North America and in Europe. Intrawest is headquartered in Vancouver, British Columbia. For more information, visit http://www.intrawest.com

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