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Four Seasons Resort Vail launches two-year renovation project

VAIL — A decade can be a long time in the luxury lodging business. That’s why Four Seasons Resort and Residences Vail is getting an extensive upgrade.

Changes include a re-do of Flame restaurant and The Remedy Bar, as well as upgrades to the hotel’s 122 guest rooms and suites, as well as the lobby, corridors and meeting spaces.

The work will take this year and much of 2020. The hotel will remain open during the work.

Perhaps the biggest change is in the residences. Extell Development Co. in 2018 received town of Vail approval to change a number of the hotel’s fractional-fee condos to full-ownership units.

Six of the original 19 fractional units will be retained in the fractional pool. The remaining 12 units will be turned into 12 residences, eight new hotel rooms and 18 lock-off units.

Of the new condo units, one was finished in 2018. Only eight are still available for sale. Three of those units are sold “as you see them,” meaning they still have the fittings and furnishings that came with the fractional-fee units. The remaining five will be done with designer renovations.

Prices range from $4.5 million to $16.9 million.

Custom touches for owners

Dana Dennis Gumber, of Slifer Smith & Frampton Real Estate, is the listing broker for the new units. Gumber said the current fractional units all have the same fittings and furnishings. Buyers of the whole-ownership units will be able to add their own touches.

Owners of the whole-ownership units will also be able to put their units into the Four Seasons’ international rental program.

That’s a lot of outreach to potential renters, Gumber said.

Extell Vice President of Development Kurt Krieg said the sales of the new residences will help finance the rest of the changes at the property.

Those changes are going to be extensive, Krieg said, fitting with the Four Seasons brand.

Upgrades to restaurants

AvroKo, a design company with offices in New York, San Francisco, London and Bangkok, has worked at Union Station in Denver. That firm will do the work on the Flame and The Remedy Bar restaurants.

At The Remedy Bar, a kitchen will be installed at the bar level. Food currently comes from the Flame kitchen, two floors below the bar.

Renovations at Flame will include a new menu, as well as chefs tables and a closed, private room. Flame will also enclose some current outdoor space.

Krieg said the $40 million project will also include work to the hotel’s conference and banquet facilities. That work will include new colors and finishes in the meeting rooms.

The idea, Kreig said, is to get the work done with minimal disruptions to guests, employees and the rest of the town. And, he added, the improvements will “meet or exceed” the Four Seasons’ promises to those same groups.

“We’re excited and proud of this project,” Krieg said. “It’s been a well-received project.”

Vail Daily business editor Scott Miller can be reached at smiller@vaildaily.com and 970-748-2930.

Vail short-term rental registration renewal has begun

VAIL — The town of Vail Finance Department has begun the notification process for renewal of short-term rental licenses issued in 2018 as well as reminders to register new properties. The 2019 requirements became effective March 1 for all short-term rental properties within the town boundaries. The registration requirement applies to anyone renting their Vail property or seeking to rent a property in Vail for less than a 30-day consecutive period.

After being enacted a year ago, the regulations have been streamlined to accommodate suggestions from the lodging community and property managers.

• All short-term rental properties are required to complete the annual registration process with the town. This includes condo-tels which had previously been exempt. Condo-tels are lodging properties consisting of single-owned condos served by a full-time front desk.

• Annual registration fees are $150 per unit for individually rented units; $10 per unit for professionally managed properties; and $5 per unit for professionally managed properties with a 24/7/365 onsite manager.

• Short-term rental properties are required to have individual town of Vail sales tax licenses and file periodic returns. Property managers and condo-tels may bundle short-term rental applications to the town.

• Property owners or managers must acknowledge life-safety, noise and parking requirements as well as a local property contact for emergency response.

The registration process is available online at vailgov.com/short-term-rental-license-applications.

To address potential neighborhood concerns, the town has established a 24-hour hotline at 970-331-0632 to report non-emergency issues including parking, noise or trash. The regulations require a response to complaints within one hour or the property may be in violation of town code and subject to a fine.

The fine schedule for violations is $500 for the first offense, $1,500 for the second offense, $2,500 for a third offense and a two-year prohibition of rental at a fourth offense. Failure to register a short-term rental property is also considered a violation.

The town’s finance department is available to assist with questions from first-time applicants by email. Contact Matthew VanEyll at mvaneyll@vailgov.com. In addition, the department will host an orientation session for property managers and managers of condo-tels to familiarize them with the new online registration process for multiple rentals.

The town processed applications for 695 short-term rental units in 2018.