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October 23, 2018
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Colorado Resort to Make Capital Improvements after Securing $13.5 Mil in Financing

10/04/18

HFF arranged $13.5 mil in financing for The Sebastian – Vail, a full-service boutique hotel and private residence club located within Vail Village in Vail, CO. Proceeds of the loan will be used for additional capital improvements to the property. The resort is operated and managed by Timbers Resorts.

Completed in 2007, The Sebastian – Vail underwent an extensive $1.2 mil 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 at the resort include ski-in/ski-out locker storage, a full-service spa, 8k sf 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 Felgučrez, 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.

HFF’s Paul Brindley and Eric Tupler arranged the transaction on behalf of the private owner. The 10-year, fixed-rate loan was placed with JPMorgan Chase Bank, National Association. Additionally, HFF will service the loan.

“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.”





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