Four Seasons Resort and Residences in Vail sells for $121M
VAIL — Vail’s Four Seasons Resort and Residences has traded hands for $121 million — just shy of $903,000 per hotel room.
A joint venture between New York-based Extell Development Company and Chinese firm Parkland Holdings purchased the 134-key property from Barclays Capital in a deal arranged by CBRE Hotels.
The sales price — roughly $902,985 per key — is a record for a hotel/resort property in Colorado, according to a CBRE spokeswoman. The average sale price per room for hotels in the U.S. this year is $144,000.