Newmark Arranges $482.5 Million Financing for The Stockman, Auberge Collection Resort
Newmark Group has arranged a $482.5 million loan to support the development of The Stockman, an ultra-luxury ski resort in Steamboat Springs, Colorado. The financing was secured on behalf of Marquee Development through GoldenTree Asset Management and will be used for construction of the new Auberge Resorts Collection property. The project includes 95 luxury residences and a 59-room hotel with direct access to Steamboat Mountain. Designed by OZ Architecture and featuring interiors from Nunzio Marc DeSantis Architects, The Stockman is expected to enhance Steamboat's appeal as a year-round destination for skiing, hiking, mountain biking, and fishing. The development aligns with Alterra’s broader investment strategy in the region following their $250 million reinvestment program. Berkshire Hathaway will lead residential sales efforts.
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Topics: debt & structured finance luxury resort development real estate financing