After regaining its ownership of Intrawest ULC for a heavy price, Fortress Investment Group LLC is now set to face other difficulties regarding revival of the lavish real estate business that is crowned with producing most of the profits for the resort company.

Intrawest spokesman Ian Galbraith stated yesterday, "Fortress Investment Group continues to own and control Intrawest and all of its properties. Discussions with Intrawest's lenders are ongoing regarding refinancing and the company continues to operate business as usual at all of its resort properties".

$150-million (U. S.) was made by Fortress for new equity to pay down debt. This payment was reported by the Wall Street Journal on Saturday. This refinancing is probably resulted because of the purchase of Intrawest for $2.8-billion in 2006 at the peak of the real estate fizz and in this amount, $1.4 billion was borrowed.

Industry Analyst Hayley Wolff at Rochdale Securities LLC in Stamford, Conn said, "I guess they're not buying any new lifts. When Fortress bought Intrawest - a Vancouver company that began life as a real estate developer, not a ski area operator - two-thirds of the profit was in real estate".

But Intrawest representative Ian Galbraith said in an email that the talks with the lenders were not yet final.