Kink in plans won't slow down Arrabelle's opening

Vail Resorts is at the center of a mass of development deals trying to get approved by Vail’s town council.  The most immediate of which involves the 144 employee beds Vail Resorts owes to the town in exchange for its other building projects, including Arrabelle at Vail Square, $250 million residential, hotel and retail project that sits in the middle of Lionshead.  Arrabelle’s opening next month will be delayed until an agreement is made on where to make those beds.

Vail Resorts has put in an offer to build 840 beds on the current Timber Ridge property which now has 600 beds.  Sound simple enough?  Just wait…

The town has an offer from another developer (Open Hospitality Partners/Hillwood Capital) to rebuild the same property with more than twice as many beds.  This developer needs to create beds in exchange for its planned redevelopment of the Lionshead parking structure. 

While the council says the proposal doesn’t meet Vail Resorts’ promises and at most delayed the fulfillment of its obligations, we all know this won’t slow down Arrabelle’s opening.  We’ll see a last minute agreement made, just in time to get the doors to Vail’s newest and shiniest star wide open.

For information on Arrabelle or other Vail Valley real estate please contact:  Karen Gilbert at (970) 926-6777 or email:  karen@gatewayland.com.

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