The Long Anticipated Roll Out of Vail's Newest Project Finally a Go.

The newest offering in Vail’s continuing two billion dollar "Vail Renaissance", Ritz-Carlton, is ready for market after seemingly endless delays.  Located just West of the Vail Marriot the Ritz-Carlton project will be the second new addition to the expanding Lions Head area of Vail.

The Ritz will offer 71 whole ownership units ranging from 2 bedrooms to 6 bedrooms priced from $1.8 million to $9,7 million.  The Ritz-Carlton project will also offer 45 fractional ownership condos at a later date.

Buyers will be able to submit reservation forms along with $100,000 starting February 15, 2007 which will convert to contracts on April 1,2007.  Scheduled completion is early 2010.

It is anticipated there will be more than one buyer for several of the available units.  If you are an interested buyer, find a knowledgeable Vail Realtor to guide you through the process as things can get complicated securing a reservation that will convert to a contract.

Look for speculators to try and secure a reservation with the intent of capitalizing on the planned increase in value over the next 2 plus years while the project is being built.

jnichols@gatewayland.com

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