Colorado Mountain Resort Projects On The Rise

Dated: 10/28/2014

Views: 518

After about a 6 year hibernation, Big high-country construction projects are coming up. Investors are starting to put out the cash and Buyers are ready to buy.  In Breckenridge, Vail and the Roaring Fork Valley, large-scale condominium and hotel projects in limbo during the recession finally are starting up.  From the wealthy enclaves of Aspen to the community-centric Basalt and middle-market affordability of Silverthorne, fractional residences and hotels are under construction for the first time since 2008.  

There are several projects in the region and project to widen the twin tunnel on I-70 westbound will help the flow of traffic to the High country.  The redevelopment of the tired Lionshead Inn in Vail, known as Strata, is one of the biggest construction projects underway in Vail with a mix of wholly owned and timeshare units above street-level commercial space.
 

Denver-based Silverwest Hotel Partners is backing an environmentally friendly, 113-room Westin Element hotel in the Willits neighborhood of Basalt and a Hampton Inn in Silverthorne.  The hotel industry is thriving nationwide, with climbing revenues and occupancies. A rush of new projects in Colorado mountain resort towns, which slid into the recession a bit later than most urban areas, are starting to make up for roughly six years of construction silence.  The Strata project was approved in 2009, but recession-triggered delays stalled construction until earlier this year.
 
The under-construction slope-side Grand Colorado on Peak 8 in Breckenridge is the fourth timeshare lodge by Breckenridge Grand Vacations. With its 114-unit Grand Lodge on Peak 7 nearly sold out, the company with 20,000 buyers since 1985 is developing another 75 residences for shared ownership.  Breckenridge Grand Vacations, a national leader in the timeshare industry made it through the economic downturn in pretty good. The company posted about $35 million of sales in 2007 and reached $65 million last year.  
Feryal Ozdemir Denver, Colorado Realtor-
Feryal specializes in helping buyers and sellers buy, sell, and invest in real estate, whether buying as a first time homeowner or buying a property as an investment in the Denver Metro Area.
Feryal Ozdemir markets in residential sales include First-time Homebuyers, Short Sales/Foreclosures, and Investments. 
Call Feryal Ozdemir @ 303.332.5551
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Sheryll White

As a Full Time real estate agent for the past 23 years, Sheryll has helped hundreds of home owners in Colorado buy and sell their homes. Sheryll's easy going, no pressure style and her in depth knowl....

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