Four Seasons Vail Project Breaks Ground
VAIL, CO, December 13, 2005. Developers will break ground today on the Four Seasons Resort and Residences Vail here, the luxury hotel chain's first outpost in Colorado, according to a published report. The $200-million project, located on a 2.7-acre site just southwest of the main Vail roundabout, will feature 120 hotel rooms, 16 private residences and 19 fractional units. Black Diamond Resorts-Vail LLC is the project's developer.
The Four Seasons, expected to open in June 2008, will also feature more than 11,000 sf of meeting space, a grand ballroom, a spa, a restaurant and four retail shops.
Slifer, Smith Frampton Real Estate in Vail will handle the sale of the wholly owned residences, and Playground Destination Properties, a division of Intrawest Corp., will sell the fractional units. Playground is based in Vancouver, British Columbia. Sales are expected to launch in January.
Vail is undergoing a $1-billion revitalization financed by the town, Vail Resorts Inc. and private developers. Vail Resorts announced in June that it plans to build a 108-room Ritz-Carlton Residences, a luxury condominium project, in Lionshead Village.
Coincidentally, the published report also revealed that a 50-story Four Seasons hotel and condominium project also is proposed for downtown Denver and would become the second in Colorado.
The proposed Four Seasons Hotel and Private Residences would be built by Teatro Tower LLC, whose principals are Hotel Teatro developers Jeff Selby and Michael Brenneman.
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