Vail Valley business briefs, Oct. 17 |

Vail Valley business briefs, Oct. 17

VAIL Slifer Smith & Frampton has released company sales numbers for fiscal year 2008 that reflect the companys second best year ever (the company recorded its best year for closed dollar volume in 2007). According to the firm, the Slifer Smith & Frampton Real Estate Eagle County division recorded $1.2 billion in sales and Summit County recorded $327 million in sales. In light of the current economy, a lot of questions are being asked about the year ahead, but based on the past 12 to 24 months when the national economy was struggling we feel mountain real estate will maintain its appeal to buyers and investors, said Jim Flaum, President and Managing Broker of Slifer Smith & Frampton. A number of new projects came on-line for the company, including Arrabelle, The Lodge Chalets at Vail and the Westin Riverfront in Eagle County and Crystal Peak Lodge in Summit County, Flaum added. These projects will continue to contribute to a strong local market, as will the availability of existing property. Average sales prices in Eagle and Summit Counties continue to show the strength of these special resort markets, which we see as another indicator of the popularity of mountain properties.

VAIL The Vail Cascade Resort & Spa has moved Chaps Restaurant downstairs to the Creekside Room. Meanwhile, the upstairs restaurant space is being remodeled and will open as a new restaurant, with a new menu, around Christmas.Guests and locals who have enjoyed Chaps menu have a few months to enjoy it, Cascade spokeswoman Kristin Yantis Mettler said.Mettler added that the theme and menu for the new restaurant is still being finalized by resort management, but that Chaps will be open downstairs until the new restaurant opens.We want a seamless guest experience, she said.The current restaurant staff will work at the new restaurant when it opens.

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