Vail Resorts announced today the sale of a 4.1-acre parcel at the base of Peak 8 in Breckenridge, Colo. to Lionheart Capital.
The East Peak 8 project has been envisioned as part of the Breckenridge Peaks 7 & 8 Master Plan. The redevelopment of the site from what currently includes the Breckenridge Ski Resort administrative building will complete the transformative series of developments and improvements at Peak 8 and further define Breckenridge as a leading North American mountain resort destination.
On this ski-in, ski-out site, located adjacent to One Ski Hill Place, A RockResort, the developer is proposing a branded full-service hotel with approximately 150 keys to be managed by Vail Resorts’ hospitality division; approximately 35 wholly owned residential condominiums; a spa and fitness center; a restaurant, bar and lounge; meeting space; and parking.
“We’re pleased to be selling the East Peak 8 site to a prominent global developer with extensive experience in luxury hospitality and branded residences, and are looking forward to seeing Lionheart’s vision for the parcel come to life,” said James O’Donnell, executive vice president of hospitality, retail and real estate at Vail Resorts. “The development will be a true asset to locals and guests from around the world.”
“Following Lionheart’s tradition of embracing the communities where we do business, we intend to keep working with the Town to bring a very special project to Breckenridge,” said Ricardo Dunin, founding partner of Lionheart Capital. “Having developed properties such as Le Sereno Hotel in St. Barths and two Ritz-Carlton projects in South Florida, we are thrilled to be adding a mountain resort to our portfolio. We are also confident that Vail Resorts’ expertise in managing properties in mountain destinations will be a great benefit to guests of the hotel and our condominium owners.”
Breckenridge Ski Resort boasts five huge peaks, 2,908 acres, four terrain parks, a 22-foot Superpipe, 11 bowls, North America’s highest chairlift and some of the country’s best High Alpine terrain, all situated above a historic mining town.