The Four Seasons Resort at Vail Has Delayed Its Opening

The Four Seasons Resort Vail has changed ownership. An affiliate of Barclay Capital, the senior lender on the project, has acquired the development from the original developer, Black Diamond Vail, LLC. The new owner is Vail Development 09, LLC. The Four Seasons also hired a new general contractor in June, Hyder Construction, to ensure the progress of the project and that the homeowners and guest have the best quality resort experience. The target opening date has been pushed back to July 1, 2010.

The Four Seasons Resort Vail is one of the major components of Vail?s so-called ?renaissance? which includes several multi-million dollar construction projects around town, such as Solaris and the Ritz-Carlton.

Four Seasons Resort Vail will feature an intimate 121 room resort as well as real estate opportunities including 16 whole ownership private residences and 19 fractional residences sold at 1/12 interest.

There are 228 fractional interests that consist of two, three and four bedroom floor plans that range in size from 1,835 to 3,500 square feet.? Priced from $405,000 to $715,000.? 40% of the fractionals are under contract. ?A model is scheduled to be open by Thanksgiving 2009.

The 16 whole ownership private residences are one, two, three, four and five bedroom floor plans that range in size from 1,650 to 5,800 square feet.? Priced from $3,200,000 to $16,100,000.? The whole ownership will include 2 underground deeded parking spaces.

Four Seasons Resort Vail will have some incredible amenities for guest and owners to take advantage of.? There will be a fine dining restaurant, a spa, fitness center, apres? ski bar, business center, conference room and ski concierge at the base of Vail Mountain.

For more information on Four Seasons Resort Vail Private Residences please contact: Betsy Randall at (970) 401-3011. Also, please visit our website at www.GatewayLand.com