VAIL, Colo.—Dec. 4, 2009— Ascent Sotheby’s International Realty announced about 25 of the top-producing real estate brokers from Sotheby’s International Realty offices around the country will descend upon Vail this week to preview The Ritz-Carlton Residences, Vail.
Vail-based Ascent | Sotheby’s International Realty is the listing agency for
The Ritz-Carlton Residences, Vail and, in conjunction with RCR Vail, LLC an affiliate of Vail Resorts Development Company, the project developer, will host the brokers during the Birds of Prey World Cup festivities.
“The fact that our leading colleagues are taking the time to travel here speaks volumes of The Ritz-Carlton Residences, Vail,” said Tye Stockton, owner/broker of Ascent | Sotheby’s International Realty. “As we are beginning to see renewed interest in the high-end real estate market, they recognize the incredible potential of this project. This is a wonderful and exciting time of year to showcase both The Ritz-Carlton Residences, Vail as well as all that the Vail Valley has to offer our homebuyers.”
The Ritz-Carlton Residences, Vail is a limited collection of 71 whole-ownership residences. Spacious interiors — from a two-bedroom home to a sprawling six-bedroom penthouse — exude the feel of a gracious and welcoming mountain resort home with luxurious bathrooms, gourmet kitchens adorned with Bosch stainless steel appliances, and some of the most stunning views in all of Vail. The Residences are located at the base of Vail Mountain, within walking distance of shopping, restaurants, Gore Creek and the Eagle Bahn Gondola.
The Ritz-Carlton Residences, Vail is expected to be completed in the fall of 2010.
The brokers are coming in from Vail’s key markets, including areas in the northeast, Florida, Texas and California. The Sotheby’s International Realty network currently has more than 10,700 sales associates located in approximately 500 offices in 40 countries and territories worldwide.
“We are very excited to learn more about The Ritz-Carlton® by way of the Vail property’s First Build Residence,” said Betsy Coughlan, Senior Vice President and Broker for Legacy Properties Sotheby’s International Realty, referring to the fully-furnished residence that allows brokers, as well as current and potential buyers, the opportunity to preview the exquisite finishes and details. “And to be able to experience first-hand all that Vail and Beaver Creek have to offer potential homebuyers will be so important in future communications with our clients.”
The brokers will hear presentations from a Ritz-Carlton representative to understand the service and amenities that future owners will receive at The Residences, as well as from John Garnsey and Chris Jarnot, chief operations officers of Beaver Creek and Vail mountains, respectively.
The developer announced earlier this year special pricing and an enhanced incentive program for new buyers for a limited time. Under the new program, buyers are offered the opportunity to obtain a social membership to The Arrabelle Club as part of the purchase of their unit.
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. Approximately 71 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 will 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.
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. 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. Designated trademarks are the property of Vail Trademarks, Inc. 2009 Vail Resorts Development Company.
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, 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.
About Sotheby’s International Realty Affiliates LLC
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.
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Media Contacts:
Tye Stockton, 970-476-7944, tye@ascentsothebysrealty.com
Kristin K. Williams, (970) 754-2712, kwilliams@vailresorts.com
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, Heavenly Mountain 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 the consumer website is www.snow.com.