Beaver Creek condo project sold to Front Range company |

Beaver Creek condo project sold to Front Range company

Daily staff report
Vail, CO Colorado

AVON, Colorado – Condo Capital Solutions, a Louisville, Colo.-based company headed by real estate investors Marcel Arsenault and Peter Wells, has purchased the $40 million loan that had been in default for the Gates Residences, a condo project at the base of Beaver Creek.

The property has 49 luxury condominium units, and was completed in 2008. Condo Capital Solutions, a turnaround company that buys distressed real estate, plans a sales launch in December. Prices are expected to be approximately 50-60 percent of the 2008 pricing, with units for sale from the mid-$300,000’s to just over $1 million. No units were sold after the project was finished in 2008

Renamed “The Ascent,” the property offers full condominium ownership. Amenities include underground heated parking, indoor pool and spa, steam room, exercise facilities, and outdoor fireplace and spa.

For more information about Condo Capital Solutions, go to To learn more about The Ascent, go to

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