Resorts of the Canadian Rockies Requests CCAA Protection

On March 9, 2001, Skiing Louise Ltd. and its subsidiaries operating under the trade name “Resorts of the Canadian Rockies” applied at Calgary, Alberta, to the Court of Queen’s Bench for creditor protection under the Companies’ Creditors Arrangement Act. Skiing Louise Ltd. owns and operates eight ski resorts—Lake Louise, Fortress Mountain, Nakiska and Wintergreen in Alberta, Fernie and Kimberly Alpine Resorts in British Columbia and Mont-Sainte-Anne and Stoneham in Quebec. Total skier visits to the resorts exceed two million annually. In addition to the eight ski resorts, it owns or manages a number of hotels, staff accommodations, golf courses, travel and central reservation agencies and property development and management companies. The golf courses include Trickle Creek at Kimberly, Wintergreen near Calgary, and Le Grand Vallon near Mont-Sainte-Anne. The hotels include Cornerstone Lodge in Fernie, the Marriott Residence Inn and the Polaris Lodge in Kimberly, the West Louise Lodge at Lake Louise, the lodge and condominiums at Fortress Mountain and the Stoneham Hotel in Stoneham. At the height of the ski season, the Resorts of the Canadian Rockies employ more than 2,000 people.

Resorts of the Canadian Rockies Ltd. is represented by Brian P. O’Leary, Douglas Nishimura and Kelly Bourassa of Burnet, Duckworth & Palmer LLP. The monitor, PricewaterhouseCoopers Inc., is represented by Patrick McCarthy, Q.C., of Borden Ladner Gervais LLP. Bank of Montreal and Fleet National Bank are represented by John Prowse of Fraser Milner Casgrain LLP.


Patrick T. McCarthy Kelly J. Bourassa John T. Prowse Doug S. Nishimura


Burnet, Duckworth & Palmer LLP Borden Ladner Gervais LLP (BLG) Dentons Canada LLP