Nov
30
CBRE Handles $121M Sale of Four Seasons in Vail
ByBarclays Capital sold the 121-room hotel, which it owned since 2009 and most recently renovated for $2.5 million.
The Four Seasons Resort and Residences in Vail, Colo.
Vail, Colo.–The Four Seasons Resort and Residences in Vail, Colo., an ultra-luxury property in the heart of one of North America’s top ski destinations, has been sold for $121 million in a deal arranged by CBRE Hotels.
Bernard Van der Lande of CBRE Capital Advisors, along with Mark Darrington and Larry Kaplan of CBRE Hotels, represented the seller, Barclays Capital, in the transaction. The buyer’s name was not released.
Barclays has owned the resort since a 2009 foreclosure, according to The Wall Street Journal. In a June 2012 story on Vail luxury condominium sales after the recession, WSJ wrote that Barclays was taking a “long view” of the resort town’s real estate values…
