The Sebastian Vail Receives Financing for Additional Improvements
DENVER – Holliday Fenoglio Fowler, L.P. (HFF) has arranged $13.5 million in financing for The Sebastian Vail, a full-service boutique hotel and private residence club located within Vail Village, to be used for additional capital improvements to the property.
Completed in 2007, The Sebastian Vail, underwent an extensive $1.2 million 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.
The resort is currently operated and managed by Timbers Resorts.
Senior Managing Directors Paul Brindley and Eric Tupler with HFF team worked on behalf of the private owner to place the 10-year, fixed-rate loan 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.”
Amenities include ski-in/ski-out locker storage, a full-service spa, 8,000 square feet 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 Felguèrez, 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.
Photo courtesy of HFF