Fort Partners and Merrimac Ventures, two successful developers from Florida, are teaming up to launch a nearly $1 billion project in Telluride, Colorado. The project will feature a Four Seasons hotel and residential complex, with 52 guest rooms and 68 residences, each priced over $2 million. The developers aim to open the property two to three years after construction begins, and while the project is their first outside of Florida, they are confident in Telluride's untapped luxury real estate potential.
Despite being unfamiliar with skiing, Merrimac's co-managing partner, Dev Motwani, was convinced by a businessman from Telluride during a New York City visit to invest in the project. Merrimac's partner, Nadim Ashi, a dedicated skier with three decades of winter visits to Telluride, jumped on the concept. The developers see potential in turning Telluride into a year-round destination, engaging in discussions with European spa companies and tapping into summer activities such as music festiv [+]
Despite being unfamiliar with skiing, Merrimac's co-managing partner, Dev Motwani, was convinced by a businessman from Telluride during a New York City visit to invest in the project. Merrimac's partner, Nadim Ashi, a dedicated skier with three decades of winter visits to Telluride, jumped on the concept. The developers see potential in turning Telluride into a year-round destination, engaging in discussions with European spa companies and tapping into summer activities such as music festiv [+]
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Source: MSN
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