Mountain Creek Resort Officially Opens The Appalachian

Vernon, New Jersey Boasts Popular Resort Homeowner Destination

VERNON, N.J., Aug. 15 /PRNewswire/ — Mountain Creek resort officially opened The Appalachian, a condominium hotel, located slopeside at the resort in Vernon, New Jersey. A Grand Opening event welcomed The Appalachian’s first phase homeowners to their new mountain resort homes, with the official ribbon cutting opening the building conducted by New Jersey’s Governor Jon Corzine and Intrawest’s Executive Vice President, Lorne Bassel.

“The Appalachian is a fantastic resort hotel that we are proud to open to both homeowners and the Vernon, New Jersey community. It is the result of a multi-million dollar investment here that is a step towards bringing a world class resort to Mountain Creek,” said Jeff Patterson, Director of Planning at Mountain Creek.

The Appalachian is now open to lodging guests, with significant reservations already being taken for summer/fall 2006. The resort offers numerous package programs which include lodging and outdoor activities such as the Bed and Bikefest, Golf and Stay, Splash and Stay, the Romance Package and a new fall package, Wreath Fineries and Wineries.

The Appalachian features a total of 177 vacation homes across the two phases of the development. The 77 homes in the second and final phase are expected to be complete in early fall. Designed in an Adirondack Grand Hotel motif, The Appalachian has furnished studio, one- and two-bedroom configurations. The property features the highly sought after ski-in, ski-out access, underground parking, and a host of other amenities.

In addition to the sold-out Appalachian, Playground Destination Properties Inc is selling the final stage of the popular Black Creek Sanctuary neighborhood, consisting of one-, two- and three-bedroom condos nestled in a serene, protected sanctuary in close proximity to the mountain. Playground Destination Properties Inc., is the licensed broker handling the real estate sales and marketing campaign for Mountain Creek.

Mountain Creek is uniquely positioned in the Hamburg Mountains less than 50 miles from New York City. The resort currently draws visitors from the entire tri-state region and will become THE city escape destination. While already recognized nationally for its outstanding snowboard and ski facilities, the resort has four-season appeal with year-round activities including New Jersey’s biggest water-park, extensive hiking and biking trails, and some of the world class East Coast golf courses nearby.

Mountain Creek’s 1,040 vertical feet, 46 trails and 11 lifts have received over $60 million in operational and on-hill improvements over the past four years. Ranked #1 for accessibility by SKI magazine, Mountain Creek is considered one of the East Coast’s best facilities with the only Superpipe in the region built to Olympic specifications. The mountain was home this past winter to the 2006 Chevrolet U.S. Snowboard Grand Prix, where the Olympic snowboard team was named. With more than 170 skiable acres, Mountain Creek also boasts night skiing open until 10 p.m. with more than 1,000 lights on all 46 trails and the tubing lanes. The mountain has North America’s only eight passenger open-air gondola and has also upgraded its snowmaking capabilities with the most powerful snowmaking equipment in the region for a longer ski season for winter enthusiasts.

Mountain Creek is an Intrawest resort. 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/.

Playground Destination Properties Inc., an Intrawest company, is the premier provider of sales and marketing services for destination real estate world-wide. The company draws on proprietary methodology called The Playground Way (TM) to fulfill its mission of “connecting people with the ultimate places to play.” Playground represents unique real estate in six countries on three continents, including world-renowned Whistler Blackcomb in British Columbia — North America’s most popular mountain resort; Mammoth in California — The Eastern Sierra’s premier four-season resort; and Florida’s Sandestin — 2,400 acres including white sand beaches and world-class golf. To learn more about Playground, and its unique breadth of offerings, visit http://www.playground.com/.

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