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VAIL, Colo. – Sept. 30, 2010 – The Ritz-Carlton® Residences, Vail officially opened its doors this month and is already receiving accolades and praise. To celebrate, the developer of the property - RCR Vail, LLC, an affiliate of Vail Resorts Development Company - announced that their grand opening fete for The Ritz-Carlton Residences, Vail will be on Dec. 4, 2010, the weekend of The Birds of Prey World Cup at Beaver Creek
“With the closings of The Ritz-Carlton Club residences, the building is officially open and we couldn’t be more pleased with the quality and finishes of the property. Not only does The Ritz-Carlton Residences, Vail offer the most exclusive address in Vail, it also provides the legendary tradition of exceptional guest service by The Ritz-Carlton combined with the world-class on-mountain experience of Vail,” said Alex Iskenderian, chief operating officer and senior vice president for Vail Resorts Development Company.
Featuring 71 whole-ownership residences and co-located with The Ritz-Carlton Club, the property is situated in a private and serene location at the base of Vail Mountain on the banks of Gore Creek just west of the shopping and dining of the Lionshead village. Additionally, the property provides members, owners and guests all the comforts of a second home and connects them to one of the premier ski resorts in the world through The Arrabelle Club.
The Ritz-Carlton Residences, Vail have been widely regarded as one of the highest quality construction projects in the area thanks to the strength of Vail Resorts Development Company’s reputation as a leading mountain resort developer as well as the high level of construction standards employed with this project. Vail Resorts Development Company recently was recognized for the high caliber of construction of The Ritz-Carlton Residences, Vail with a Quality Assurance Observation certification, a third-party program that rigorously evaluates construction quality.
The property features spacious interiors — from two-bedroom homes to six-bedroom penthouses — that exude the feel of a gracious and welcoming mountain resort home with luxurious bathrooms, upscale kitchens, some of the most spectacular views in all of Vail and a stunning year-round pool deck that’s certain to be a focal point for the owners, members and guests of The Ritz-Carlton Residences, Vail.
The developer is currently offering an enhanced incentive program for new buyers. Buyers are offered a social membership to The Arrabelle Club as part of the purchase of their residence, which includes personalized ski valet service, a private locker and additional Club amenities located steps away from the legendary slopes of Vail Mountain.
For more information about The Residences or to enjoy a virtual tour or photos of the property, visit www.TheResidencesVail.com.
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About The Ritz-Carlton Residences, Vail
Rising from the banks of Gore Creek, The Ritz-Carlton Residences, Vail provide the perfect retreat for mountain living and resort indulgence. Seventy-one luxurious whole-ownership residences, ranging in size from spacious two-bedroom homes to a sumptuous six-bedroom penthouse, offer an environment that is warm, welcoming and very comfortable. The Residences offer an array of luxury services and amenities in the grand tradition of The Ritz-Carlton throughout the world, including concierge services, a fitness center, outdoor pool and hot tubs, ski valet, great room, library and more.
The Ritz-Carlton Residences, Vail are not owned, developed or sold by The Ritz-Carlton Hotel Company, LLC. RCR Vail, LLC uses The Ritz-Carlton marks under license from The Ritz-Carlton Hotel Company, LLC. The Ritz-Carlton Residences, Vail are being developed and sold by RCR Vail, LLC an affiliate of Vail Resorts Development Company.
Obtain the Property Report required by Federal law and read it before signing anything. No Federal agency has judged the merits or value, if any, of this property. The information presented herein is proposed and should not be relied upon as a basis for purchasing since all elements are subject to change, refinement or elimination by the developer without notice. The Arrabelle Club social membership is subject to applicable terms and conditions. Verify before purchasing. Designated trademarks are the property of Vail Trademarks, Inc. © 2010 Vail Resorts Development Company. This is not intended to be an offer to sell nor a solicitation of offers to buy real estate in The Ritz-Carlton Residences, Vail by residents of CA, CT, HI, ID, IL, NY, NJ, OK, and OR, unless registered or exemptions are available, or in any other jurisdiction where prohibited by law.
About The Arrabelle Club
A signature club of Vail Resorts, The Arrabelle Club membership amenities include private locker/club room at the base of Vail Mountain, access to the RockResorts Spa and fitness facilities within The Arrabelle at Vail Square, A RockResort, and social/ski activities to enhance the Vail experience. In addition, The Arrabelle Club offers its members hassle-free access to Vail Mountain with personalized ski valet services. An exclusive offering of memberships to The Arrabelle Club is now available for purchasers of a Residence at The Ritz-Carlton Residences, Vail.
About Vail Resorts
Vail Resorts, Inc., through its subsidiaries, is the leading mountain resort operator in the United States. The Company's subsidiaries operate the mountain resort properties of Vail, Beaver Creek, Breckenridge and Keystone mountain resorts in Colorado, the Heavenly Ski Resort in the Lake Tahoe area of California and Nevada, and the Grand Teton Lodge Company in Jackson Hole, Wyo. The Company's subsidiary, RockResorts, a luxury resort hotel company, manages casually elegant properties across the United States and the Caribbean. Vail Resorts Development Company is the real estate planning, development and construction subsidiary of Vail Resorts, Inc. Vail Resorts is a publicly held company traded on the New York Stock Exchange (NYSE: MTN). The Vail Resorts company website is www.vailresorts.com and consumer website is www.snow.com.
About Sotheby’s International Realty Affiliates LLC
The developer of The Ritz-Carlton Residences, Vail has engaged an affiliate of Sotheby’s International Realty to act as sales agent for The Residences. Founded in 1976 to provide independent brokerages with a powerful marketing and referral program for luxury listings, the Sotheby’s International Realty network was designed to connect the finest independent real estate companies to the most prestigious clientele in the world. In February 2004, Realogy Corporation, a global provider of real estate and relocation services, entered into a long-term strategic alliance with Sotheby’s, the operator of the auction house. The agreement provided for the licensing of the Sotheby’s International Realty name and the development of a full franchise system by Realogy’s subsidiary, Sotheby’s International Realty Affiliates LLC. Affiliations in the system are granted only to brokerages and individuals meeting strict qualifications. Sotheby’s International Realty Affiliates LLC supports its affiliates with a host of operational, marketing, recruiting, educational and business development resources. Franchise affiliates also benefit from an association with the venerable Sotheby’s auction house, established in 1744. For more information, visit www.sothebysrealty.com.