CBRE Hotels Arranges $121 Million Sale of Four Seasons and Residences in Vail, CO
November 29, 2016 11:09am
Vail, Colorado – November 29, 2016 – CBRE Hotels has arranged the sale of the 134-room Four Seasons Resort and Residences in Vail, Colorado for $121 million.
Prominently located at 1 Vail Road, the Four Seasons Resort and Residences is the leading lodging product in the center of one of North America’s most celebrated ski destinations. The resort offers guests a world-class ski experience through slope-side ski-valet facilities located adjacent to Gondola One in the epicenter of Vail Village.
Bernard Van der Lande of CBRE Capital Advisors, along with Mark Darrington and Larry Kaplan of CBRE Hotels, represented Barclays in the transaction.
“The Four Season’s world-class service, luxury finishes, and robust amenity package position the hotel as a marquee and irreplaceable asset. Our experince in Vail and the mountain West has been unrivaled in recent years, which ultimately attracted tremendous buyer interest. This allowed us to achieve a pricing that reflects the market’s stature and the product’s premium. Working closely with our investment banking unit enabled us to execute a global and sophisticated offering process for the client,” said Mr. Darrington, senior vice president, CBRE Hotels.
The Four Seasons offers 121 hotel guestrooms and 13 two-to-four bedroom condominiums conceived as fractional units, but currently operating as conventional hotel inventory. The resort features a 14,935 square foot Forbes Five-Diamond spa; over 7,000 square feet of flexible meeting and event space; world-class dining with Flame and The Remedy Bar; and premium leased retail space.
CBRE Hotels is a specialized advisory group within CBRE providing capital markets, consulting, investment sales, research and valuation services to companies in the hotel sector. CBRE Hotels is comprised of over 385 dedicated hospitality professionals located in 60 offices across the globe. CBRE Capital Advisors is the real estate investment banking unit of CBRE in the Americas with a FINRA-registered broker-dealer office in New York, and provides independent advisory and equity placement, working in partnership with the CBRE platform.
cbre capital advisors
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
Contact: Ayana Miller
Shifts In Revenue and Expenses Improve Hotel Food and Beverage Profits
Caribbean Hotel Profits Suffer In 2016
Unexpectedly Slow - Hoteliers Overestimated 2016 Performance
CBRE Hotels Arranges Two Hotel Sales in San Diego
U.S. MarketFlash | Houston CRE Market Shows Resilience in Face of Hurricane Harvey
CBRE Hotels Arranges Sale of Hampton Inn & Suites in Santa Ana, CA
Florida CRE Proves Resilient in Face of Hurricane Irma Due to Long-Term Preparation
An Analysis of Franchise Fees
U.S. Hotel Demand Hits an All-Time High
CBRE’s 2018 Hotel Industry Outlook Remains Positive with Continued, Albeit Slower, Growth Predicted
The Components of Payroll Costs in Hospitality
Management Fees – A Growing Expense
VIDEO: CBRE's 2017 Trends® in the Hotel Industry Report
After Strong First Quarter, CBRE Forecasts Eighth Consecutive Year of Occupancy Growth for U.S. Hotels
Paying the Intermediaries: An Analysis of Hotel Commissions
Which US Hotel Markets Are On the Bubble?
U.S. Hotel Profits Grow in 2016 Despite Slowdown in Revenue
Select-Service Hotels: Efficient and Profitable
CBRE's April 2017 Lodging Insights Video
U.S. Hotel Revenue Growth Driven by Overlooked Sources in Lower Chain Scales and Secondary Markets
Please login or register to post a comment.