Merrimac Ventures and Fort Partners have officially broken ground on the $1 billion Four Seasons Resort and Residences Telluride, the first new luxury hotel and residential development in the region in over 15 years. The project has already sold more than 30% of its inventory and is on track for completion in 2028.
The development sits on a 4.4-acre site in Telluride’s Mountain Village and is backed by a $417 million construction loan from J.P. Morgan, with additional financing provided by CanAm Enterprises. The firms worked closely with the Town of Mountain Village, Telluride Ski & Golf, and TMVOA to secure approvals and move the long-planned project forward.
“After more than seven years of dedication to this project, I could not be more thrilled to reach this incredible milestone,” said Dev Motwani, president and CEO of Merrimac Ventures. “This achievement would not have been possible without the support of exceptional local partners like Telluride Ski & Golf (TellSki), the Town of Mountain Village and TMVOA. We are fortunate to inherit such a remarkable site and destination, and to have the opportunity to build upon and complement the outstanding work they’ve already done here.
Designed by Olson Kundig with interiors by Clements Design, the project will include 26 private residences, 43 hotel residences, and 52 hotel keys, all with panoramic mountain views. Residences will feature floor-to-ceiling windows, expansive terraces, and in-home oxygenation systems to address high-altitude living.
Amenities will include ski-in/ski-out access, ski valet, a fitness and recovery center, indoor lap pool, outdoor spa pools, a residents’ club, and underground parking. Owners will also benefit from the services of the adjoining Four Seasons Resort, including concierge, housekeeping, valet, and wellness programming.
Pricing for available residences starts at around $4 million. Sales are led by Bill Fandel of Compass and Brian O’Neill of Telluride Properties.
