LOS ANGELES, CA – October 3, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces $13.5 million in financing for The Sebastian – Vail, a full-service boutique hotel and private residence club located within Vail Village in Vail, Colorado.
The HFF team worked on behalf of the private owner to place the 10-year, fixed-rate loan with JPMorgan Chase Bank, National Association. Additionally, HFF will service the loan, proceeds of which will be used for additional capital improvements. The resort is operated and managed by Timbers Resorts.
Completed in 2007, The Sebastian – Vail underwent an extensive $1.2 million property improvement project that was completed in 2016, and all guest rooms were updated in 2014. The hotel, which was named the No. 1 Resort in Colorado by U.S. News & World Report in 2017, features 84 luxury hotel rooms, 16 executive suites, seven residential suites and a 36-residence Private Residence Club. Amenities include ski-in/ski-out locker storage, a full-service spa, 8,000 square feet of meeting and event space, an outdoor pool area with four hot tubs, owners’ wine cellar and private lounge and fitness center, as well as an alpine-inspired, fine-dining restaurant and two bars. The property also boasts a large art collection from world-renowned artists, including Manuel Felguèrez, Leonora Carrington and Victor Chaca. Located at 16 Vail Road, the hotel is in the heart of Vail Village, the focal point for all dining, retail and cultural activities in the Vail Valley.
The HFF debt placement team representing the borrower included senior managing directors Paul Brindley and Eric Tupler.
“The conservative loan request combined with the location in Vail Village created significant interest by lenders,” Tupler said. “The borrower and Timbers have spent significant capital to keep this asset as one of the top luxury products in the market.”
About Timbers Resorts
Timbers Resorts is the developer and operator of a collection of properties in over 16 of the world’s most diverse high-end destinations. The Timbers Collection includes boutique private resorts, hotels and residence clubs in some of the world’s most sought-after ski, golf, leisure and beach locations. Since 1999, Timbers Resorts has been committed to being authentic, unique and respectful of the destination, focusing on family and experiences, and never compromising with regard to quality and service. Owners at properties in the Timbers Collection are granted an ownership experience with expanded benefits through a host of travel and lifestyle partners such as Sentient Jet, Hertz, BMW, Priority Pass and many more, as well as access to the Timbers Reciprocity Program and the ability to trade vacation time with other destinations in the portfolio. Current Timbers Collection properties can be found in Aspen, Beaver Creek, Cabo San Lucas, Jupiter, Kaua`i, Kiawah Island, Maui, Napa, Scottsdale, Snowmass, Sonoma, Southern California, Steamboat, Tuscany U.S. Virgin Islands and Vail. For more information, please visit timbersresorts.com and facebook.com/timbersresorts.
HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.