Shared from bizjournals.com
The Ritz-Carlton Hotel Co. LLC of Chevy Chase, Md., has opened its 10th destination club, this one in the Colorado ski town of Vail, the company said Monday.
The property is the company’s third Ritz-Carlton Destination Club in Colorado, which now has the most clubs of any area.
“Our members have shared with us their desire to be in this exceptional location, and we are excited to bring it to them,” Peter Watzka, executive vice president and COO of The Ritz-Carlton Development Co. Inc., said in a statement.
The Ritz-Carlton Destination Club is a members-only, luxury vacation timeshare club for affluent travelers. It provides two equity-based membership options — the Portfolio Membership, offering different locations each trip, and the Home Club Membership, whereby members go to the same location year after year.
Home Club memberships currently run from $100,000 to the low $800,000s per deeded interest, and Portfolio memberships start at $100,000, according to Ritz. Colorado’s other Ritz destination clubs are near the Aspen and Bachelor Gulch ski areas. Other clubs are in Lake Tahoe and San Francisco, Calif.; Jupiter, Fla.; Kauai and Maui, Hawaii; Abaco, The Bahamas; and St. Thomas in the U.S. Virgin Islands.
The new Vail Ritz destination club is at the base of Vail Mountain in the Lionshead Village, near Gore Creek. It will be part of a new, proposed village at the resort called Ever Vail, which will be a LEED-certified. LEED stands for Leadership in Energy and Environmental Design, and is the U.S. Green Building Council’s rating for energy-efficient, sustainable design.
Vail’s alpine-style Ritz club units range from 1,300 to 2,874 square feet, with full kitchens, fireplaces and high-speed Internet. Club services include on-site concierge, ski valet, housekeeping, fitness facility, spa services, golf privileges at Red Sky Ranch and heated underground garage.