Vail Real Estate: No Slowdown
Upbeat news from the Four Seasons, now under construction in Vail, apparently not much hurt by national real estate troubles. Fractionals (1/12th shares) are still selling at a brisk clip, says Jeff Meier, senior director of sales and marketing, who adds, “About 18% of our buyers have come from outside the United States.” The project between Vail Village and LionsHead is an amalgam of 120 hotel rooms, 16 whole-ownership units and 19 fractionals. First release fractional prices: $379,000 to $689,000. Completion is set for 2009.