A dining and kitchen area inside a condo at the Highmark Resort at the base of Steamboat Ski Area. Pam Vanatta of Prudential Steamboat Realty confirms that the plan is to offer a high-end boutique hotel opening in June.

Courtesy photo

A dining and kitchen area inside a condo at the Highmark Resort at the base of Steamboat Ski Area. Pam Vanatta of Prudential Steamboat Realty confirms that the plan is to offer a high-end boutique hotel opening in June.

A new day at Highmark?

High-end boutique hotel appears to be back on track

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— The Highmark Resort at the base of the Steamboat Ski Area appears to be back on track.

Recent developments include the listing of a dozen "condo-tel" units for $1.5 million to $2.3 million, the signing of a major luxury hotel management company and the settlement of a breach of contract suit involving seven of the units.

Construction on the six-story building at the corner of AprÃs Ski Way and Village Drive began in 2004, and although it is complete, it has never been occupied.

Pam Vanatta of Prudential Steamboat Realty has listed the condominiums for sale and confirms that the plan is to offer a high-end boutique hotel opening in June. She said the intent of developers Steamboat Ventures Ltd. is to offer a hotel property that is unlike anything else available in Steamboat.

"The developer wants to make the Highmark Resort a high-end boutique hotel," Vanatta said. "It's going to be a first for Steamboat."

Vanatta said Crescent Hotels and Resorts will manage the property.

"They will have management on site," she added. "The level of service will far exceed" anything currently offered in the market.

Crescent features a photograph of Highmark Resort prominently on its Web site. The company has business relationships with Wyndham, Marriott, Starwood, Hilton and Radisson as well as with independents such as The Opal in San Francisco and the Georgian Terrace in Atlanta.

Buyers will be able to use the units for two weeks in the winter and two weeks in the summer, then on a space-available basis, Vanatta said. However, the units are being offered as whole ownership purchases, not interval purchases.

Buyers will also benefit from a guaranteed rental program, Vanatta said.

"It's been done in other places, but it's very new to Steamboat," she said. "It's very boutique-y."

All of the units have been redecorated and furnished.

The property will offer a pool and a large living room for entertaining and a gourmet grocer.

Longtime Steamboat business people Bill and Kay Stuart have long planned to move Market on the Mountain across the street to the first level of Highmark Resort.

They confirmed this week they are looking ahead to making the move this summer.

"The plan is for us to take ownership toward the end of April and begin the tenant finish, putting us in there this summer," Bill Stuart said.

Stuart said he and his wife toured the decorated units and were impressed.

"We were very pleased with the high level of the finish and furnishings," he said.

A breach of contract suit filed last year by Steamboat Ventures against seven contracted condo buyers who never closed on their purchases was settled early this week, according to documents on file in Routt County District Court.

A Fort Lauderdale, Fla., business entity, The Formula, stepped in as settling buyer and took a joint venture interest in all seven units with the contracted buyers. Steamboat Ventures agreed to return the earnest money committed by the buyers (in the range of $150,000), with interest. The Formula will receive a fee at such time as the seven units are resold.

- To reach Tom Ross, call 871-4205

or e-mail tross@steamboatpilot.com

Comments

BoatMaster 6 years, 8 months ago

So let's get this straight... You purchase a condo for $2,000,000.00 and get to use if for 2 weeks in the winter 2 weeks in the summer and possibly more IF IT IS AVAILABLE. (not rented) Ha Ha.. What a deal

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OnTheBusGus 6 years, 8 months ago

Should have made it into a swimming pool when the opportunity was there...

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ak_ranger 6 years, 8 months ago

Ha! Anybody who would pay 3+ million for one of these units is certifiable! Im glad they decided to "remodel" and "refunrish" the place after it had already been completed and never used, nothing like remodeling brand new units. Someone said in an earlier comment that this place is cursed and they were right.

Id like to see what the buyers think when they move into their 3 million dollar units and find Home Depot sourced GE appliances, heat registers that look like they came out of your old 1930s era elementary school and small bedrooms that dont have a wall you can put a bed against- I kid you not. The small bedrooms in the 3 bedroom units have 4 wals, one with an exterior door, one with the bathroom door, one with a closet door and one with a 2 foot high heat register on it, brilliant design! The kitchens had NO microwave but they did have double 36" wide convection ovens, something every vacationing family cant wait to put 2, 30lb turkeys into! Then in another brilliant feat of engineering, the smoke detectors are on the ceiling of the kitchen! HAAA!!!!! I wonder how long it will be before those start getting set of daily?

This place is a total joke and I imagine that the new buyers will be back in court wondering who designed this place.

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MtnWarlock 6 years, 8 months ago

I wonder if this triad of blunders will be classified as a "five star" resort palace!

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thecondoguy1 6 years, 8 months ago

I agree, the place is hidious, sombody had to much money, and to much ego...............

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