2007 Transactions
Tremont Structures $41,000,000 Mezzanine Financing for Vail, CO Hospitality
The Boston office of Tremont Realty Capital arranged the mezzanine financing for the Four Seasons Hotel and Resort, a first five-star hotel and resort facility to be offered in Vail. The property is situated at One Vail Road and will serve as the gateway to Vail Village in Vail, Colorado.
Tremont arranged the $41,000,000 loan with a New York based fund. The mezzanine loan capped a total of approximately $230,000,000 in debt. Upon completion, the property will include a 120-room hotel and 35 condominium residences. A portion of the residences will be sold in fractional interests and included in the Four Seasons Residence Club network. The property will also include conference center facilities, spa services, and other amenities consistent with the world’s finest five-star resorts. According to Tremont, “Vail Village is already considered a world-class resort destination with first class accommodations, but this outstanding sponsorship team will be delivering a product that will be of a quality unmatched in Vail. Knowing this asset will be a huge success, our client wanted to maximize leverage. Tremont developed a short list then ultimately selected a capital partner that could execute a large mezzanine loan at optimal pricing.
For additional information on this transaction,
please contact:
Richard Gallitto
Executive Director
Email: rgallitto@tremontcapital.com
Phone: 617.867.0700 x772
