Four Seasons may start in May ’05
VAIL ” One of the town’s most visible lodges will come down in 2005.
After nearly three years of planning and waiting, the clock is now ticking faster for the old Chateau at Vail, on the southwest side of the main Vail roundabout.
Starting in May or so, HB Development will start tearing down the Chateau, and will replace it with a Four Seasons Hotel.
As approved, the new hotel will match the roughly 120 rooms at the Chateau. Those rooms will be newer, bigger and more plush, of course.
The Four Seasons will also add condominiums and time-shares, as well as nearly three dozen employee housing units.
“We hope to be under construction in the summer,” said HB Development co-owner T.J. Brink. “We’re working on getting construction drawings to the town now.”
The Four Seasons has actually had a town approval for a couple of years. But, Brink said, the financing, market timing and other elements of the deal took a while to pull together.
Now, though, HB is expected to close in February on the purchase of the property from Waldir Prado, who owns the old Vail Village Inn site across the street. That old hotel came down earlier this fall, to be replaced by the Vail Plaza Hotel, another hotel/condo project.
When the Chateau comes down, Vail will lose 120 rooms of something it doesn’t have much of now: “value”-priced hotel rooms near the ski lifts.
But that could be a good thing.
“If you improve the quality of the rooms you can ask for more money for them,” said Ian Anderson of the Vail Valley Chamber and Tourism Bureau, which handles a large portion of the town’s reservation business.
“If you’re bringing a higher-end clientele into Vail, that benefits everybody,” Anderson said.
Staff Writer Scott N. Miller can be reached at (970) 949-0555, ext. 613, or email@example.com.
Vail Daily, Vail Colorado
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