Newmark has arranged a $482.5 million loan for The Stockman, Auberge Collection, an ultra-luxury ski-in, ski-out resort that recently broke ground in Steamboat Springs, Colorado.
The borrower is Stockman Development LLC, led by Marquee Development. GoldenTree Asset Management, a global firm with approximately $70 billion in assets under management, provided the financing.
What's on the Plans:
95 luxury branded residences
A hotel with 59 keys, to be operated under Auberge Resorts Collection
A spa, fitness facilities, a pool and multiple food and beverage offerings
An owners' lounge, dedicated ski locker storage and private terraces
Newmark calls it an extensive amenity program, and the list makes a convincing case.
Western Roots, Five Stars: According to the release, the design will draw on Steamboat Springs' Western heritage, paired with contemporary amenities and five-star hospitality.
The Roster So Far: OZ Architecture is leading the building design, and Nunzio Marc DeSantis Architects is handling interiors. Berkshire Hathaway is leading residential sales efforts.
The release doesn't name a general contractor.
Built for More Than Powder: The resort will sit at the base of Steamboat Ski Resort, with direct ski-in, ski-out access to Steamboat Mountain. The release also points to recreation beyond skiing, including hiking, mountain biking and fishing.
Next Phase at the Base: Newmark describes The Stockman as one of the first luxury resorts developed in Steamboat.
The release calls it the next phase of Alterra's investment in the mountain, following Alterra's $250 million "Full Steam Ahead" reinvestment program at Steamboat Resort.
The mountain got its reinvestment first. Now The Stockman has broken ground as the next phase.
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