Four Seasons breaks ground in Vail
VAIL – A big piece of Vail’s “billion dollar renewal” fell into place Monday when developers broke ground on the $200 million Four Seasons Resort and Residences Vail at the main Vail roundabout.”(The Four Seasons) is a premier luxury hotel in the world, and Vail is a premier ski resort,” said T.J. Brink, vice president of Black Diamond Resorts-Vail LLC, the developer.
The resort – the first Four Seasons in Colorado – will have 120 hotel rooms, 16 condos and 19 time shares, and is scheduled to be completed in 2008. The resort will be built on a 2.7-acre property just southwest of the main Vail roundabout, on the site of the old Chateau at Vail and Vail Amoco.The Four Seasons complex will eventually employ 220 people, Brink said.”As you come off the interstate, the first thing you will see is ‘Four Seasons,'” said Mayor Rod Slifer. “It speaks to the quality, the service and all the other things we like to think Vail is.”
Slifer is also a founding partner of Slifer Smith and Frampton, which will sell the condos. The fractional residences will be sold by Playground Destination Properties, a company owned by Intrawest. The time shares will be sold in 1/12 interests.Sales of the wholly owned and time shares will begin in January, Brink said.The Four Seasons has been trying to add more mountain properties to its resorts, said Charles Ferraro, senior vice president of operations for Four Seasons Hotels and Resorts.
“Vail will be a perfect fit,” he said.The hotel rooms will range from 580 square feet to the 3,500-square-foot “presidential suite.” Rooms rates will be on par or higher than the highest rates charged in Vail, said Peter Hodgson of Four Seasons.The condos will be 1- to 5-bedroom homes, ranging in size between 1,650 and 5,800 square feet. The time shares will be 2- to 4-bedroom homes, ranging from 1,830 to 3,450 square feet. The prices have not yet been set, Brink said.
The development will include a bar and restaurant, a library, a spa and fitness center, conference facilities and a business center.The Four Seasons has 68 hotels in 31 countries. A Four Seasons hotel and residences is also proposed for a high-rise in downtown Denver.Staff Writer Edward Stoner can be reached at 949-0555, ext. 14623, or firstname.lastname@example.org.