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High Street Real Estate Partners Secures $100 Million Refinance Loan For Viewline Resort Snowmass

Property Image
FINANCED
$100,000,000

Colorado

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Hotel230,000 SF
Financed 12/09/2024
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Property Image
FINANCED

High Street Real Estate Partners Secures $100 Million Refinance Loan For Viewline Resort Snowmass

100 Elbert Lane

See Similar Deals
Hotel230,000 SF
Financed 12/09/2024
the dealplayerscompscontact
Contact now

Summary

COLORADO
Asset Type:Hotel
Price Per Square Foot:$434
Total Square Footage:230,000 SF
Transaction Type:Loan

The Viewline Resort Snowmass Autograph Collection is situated at 100 Elbert Lane in Snowmass Village, CO, featuring an expansive asset type of hotel which encompasses 230,000 square feet and includes 412 keys. The property serves as a prime destination for both family-oriented and multi-season vacations, offering top-tier ski-in/ski-out access in the Roaring Fork Valley.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: $100,000,000
  • Loan Amount: $100,000,000
  • Loan Type: Refinance
  • Lender: Range Equity Management, Oaktree Capital Management & Lodging Capital Partners
  • Landlord: High Street Real Estate Partners, ACRON Group & RGP Partners

This transaction involves key players such as John Brady, Peer Bender, Luke Wittenberg, and Andrew Gindy, who are prominently featured in relation to the financial aspects of the deal, showcasing their roles in facilitating the refinancing process for the property.

Players

Oaktree Capital Management
Oaktree Capital Management
LENDER
Range Equity Management
Range Equity Management
LENDER

Details

FINANCED
IMAGE: John Brady, Peer Bender, Luke Wittenberg & Andrew Gindy DATE: 12/09/2024 ADDRESS: 100 Elbert Lane MARKET: Snowmass Village, CO ASSET TYPE: Hotel ~ SF: 230,000 ~ KEYS: 412 LENDER: Range Equity Management (@Gindle), Oaktree Capital Management (@OaktreeCapital) & Lodging Capital Partners LANDLORD: High Street Real Estate Partners (@Luke_Wittenberg), ACRON Group (@ACRONGroup) & RGP Partners LOAN AMOUNT: $100,000,000 LOAN TYPE: Refinance NOTE: Located in the heart of Snowmass Village, the Viewline Resort Snowmass Autograph Collection provides the highest quality ski-in/ski-out experience in the Roaring Fork Valley. Primed as the ideal family-oriented, multi-season vacation destination, the mid-mountain resort offers 254 guest rooms including 20 suites, Lupine Spa, a private ski and bike concierge, heated mountainside pool with sundeck and terrace, onsite fitness center, and 24,000 square feet of combined special event space at the resort and adjacent Viewline Event Center. Sister property Wildwood Snowmass offers an ideal locale just steps from Snowmass Village and a recently enhanced cozy-chic and authentic atmosphere featuring 158 guest rooms.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$100,000,000.00

Monthly NOI$666,666.67
Monthly Debt Service$632,068.02
Change in Cash Flow$0.00
Refinance Proceeds$0.00