Friday, June 06, 2008

Vail Upgrades Breckenridge Lodging

Breckenridge, the Colorado ski resort that has featured mid-price lodging compared to Vail and Beaver Creek, is in the midst of an upgrade. "We are well on the way to transforming Breckenridge real estate landscape and are very excited with our ski-in, ski-out projects ... including Crystal Peak Lodge at the base of Peak Seven," CEO Rob Katz said yesterday in a 3d quarter earnings conference call. All 46 units under are contract and closings on these units are expected this winter of 2008, he added.

The latest project at Breck is Rock Resort’s branded One Ski Hill Place, above. (Vail owns Rock Resorts.) Said Katz, it "will create a unique luxury experience at the base of Peak Eight. To date, we have released 70 units of the total 88 units with an average price per square foot of $1,246, a 29% -- 29% in excess of Crystal Peak released just a year ago."

Breckenridge once was an old mining village and some historic buildings, like those below, remain.

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