Valley developer buys Canadian resort
Vail, CO Colorado
CANMORE, Alberta ” Vail-based East West Partners and Morgan Stanley Real Estate have bought Three Sisters Mountain Village, a 1,800-acre partially completed Canadian Rockies resort near Banff, Alberta.
East-West Partners plans to finished building the resort.
“Three Sisters is unique because it is the only approved destination resort in an area completely surrounded by 2.8 million acres of protected public parklands,” said Harry Frampton, founding partner of East West Partners.
The current chairman of Three Sisters Mountain Village is Terry Minger, chief executive of Sundance Enterprises and a former town manager of Vail.
“The Banff-Canmore area is one of the truly great natural areas of the world located in the backyard of Calgary, a city undergoing an economic and cultural renaissance,” Minger said.
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Three Sisters Mountain Village is next to the old mining town of Canmore. Construction began in 1999 on the resort that already has a golf course. Three Sisters’ name is derived from the nearby mountain with three distinctive peaks that dominate views.
For more information, visit http://www.threesistersmountainvillage.com.