CBRE Hotels arranges the sale of Vail Four Seasons Resort
The property fetched $121 million
CBRE Hotels has arranged the sale of the 134-room Four Seasons Resort and Residences in Vail 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 the seller, 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 experience 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.
About CBRE Group, Inc.
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.