Apparently 120 rooms, 19 fractional units and 16 private residences. Four Seasons is breaking ground today on it's new $200MM development, scheduled to open in 2008. Meanwhile, Ritz Carlton is planning a 108 unit luxury condo development.These two developments in Vail are inline with the continued growth of demand for luxury property by wealthy baby boomers. Fractional ownership has also undergone a major makeover from its somewhat seedy reputation of the 80's and 90's, losing its negative connotations. It helps that they don't call it "fractional ownership" any longer.
Pricing has not been announced.
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The ideas and strategies described in this blog are the opinion of the writer and subject to business, economic, and competitive uncertainties. We strongly recommend conducting rigorous due diligence and obtaining professional advice before buying or selling real estate.
As always, your referrals are deeply appreciated.
The ideas and strategies described in this blog are the opinion of the writer and subject to business, economic, and competitive uncertainties. We strongly recommend conducting rigorous due diligence and obtaining professional advice before buying or selling real estate.
