Posts Tagged ‘real estate’

Telluride Resort Invests $1 Million in Capital Improvements, Upgrades — Mountain Lodge at Telluride

Thursday, April 7th, 2011

As many lodging properties in the travel and tourism industry begin to dig out from the “Great Recession,” some of the strongest are emerging on the heels of strategic investments designed to propel them into the next decade. Mountain Lodge at Telluride, the upscale resort in southwest Colorado, is completing work on a two-year, $1 million investment in capital improvements and upgrades.

Telluride, CO (Vocus/PRWEB) April 05, 2011

As many lodging properties in the travel and tourism industry begin to dig out from the “Great Recession,” some of the strongest are emerging on the heels of strategic investments designed to propel them into the next decade.

Mountain Lodge at Telluride, the upscale resort in southwest Colorado, is completing work on a two-year, $1 million investment in capital improvements and upgrades. “Mountain Lodge at Telluride has a long-term, strategic approach,” explains Neil Hastings, director of sales and marketing for the resort. “This investment helps assure that Mountain Lodge maintains its position as the best lodging value in the Telluride area.”

Additions, improvements and upgrades include:

  • Wide-screen televisions in all 92 units
  • iPod docking stations in all units
  • Tempur-Pedic mattresses in all sleeper sofas
  • Full dining service, new furnishings in The View restaurant
  • Split-king beds in 21 of the lodge’s two-bedroom suites, allowing configuration as one king or two twin beds
  • Upgraded bedding in all units
  • Teak furniture, including three hammocks, for pool deck and surrounding area
  • Resurfacing of all leather couches
  • Painting in all units
  • Digital in-room safes
  • Refurbishment of steam room
  • Resurfacing of swimming pool and in-ground hot tubs

“Each improvement adds flexibility and value,” says Hastings. For example, the addition of split-king beds in selected units offers greater flexibility to families with children, and provides added bedding inventory for ski clubs and ski councils. The resort also is conducting significant technology updates and upgrades in equipment. All noted additions and improvements are in addition to Mountain Lodge’s ongoing maintenance programs, Hastings adds.

“We are proud of what Mountain Lodge has come to represent,” says Hastings. “Significant investments such as these send the message to new and returning guests that we are serious about our services, amenities and reputation.”

Mountain Lodge at Telluride

Mountain Lodge at Telluride is an exclusive, upscale resort. At 9,500 feet in the San Juan Mountains, the ski-in/ski-out resort offers private luxury cabins, condominiums, and lodge rooms as well as executive conference rooms offer space for small meetings and retreats, reception space and full catering service. The View restaurant offers upscale tavern dining in an intimate setting, with spectacular views of the San Juan Mountains.

The resort is listed as one of the top 50 ski hotels in North America in Conde Nast Traveler’s 2010 annual “Best Places to Ski & Stay in North America” readers’ poll.

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New Listing: 789 E Columbia, Telluride, Colorado

Tuesday, March 23rd, 2010

789 E Columbia - TellurideA one of a kind, in-town new residence with open park-like spaces on four sides and panoramic views of Bridal Veil Falls and the ski area. The exterior is a blend of cashew stained cedar siding, Venezia blonde stone, custom white metal and mahogany railings, crisp white trim and a cedarshake and metal standing seam roof. Impressive outdoor spaces including: dining and living room terrace which feature a built in BBQ with serving area and an outdoor fireplace. This terrace also connects to an upper level sunning terrace conveniently connected to both of the upper level bedroom suites as well as the main level. Exceptional craftsmanship of custom millwork combined with exquisite Walker-Zanger granite, limestones and marbles.
MLS ID: 25992
TYPE: Residential
Asking Price: $4,400,000
Status: Active
Square Footage: 3,517
Bedrooms: 4
Baths: 5

Contact TD Smith for more information or to set up a showing. Or click this link for more information on this Telluride Home For Sale.

Telluride Real Estate Market Update

Friday, July 31st, 2009

Stream 1Are we in the perfect buyer’s market?

After nearly four decades of Telluride real estate experience, I believe conventional wisdom would say that is the case.  Although we will never know for certain that a bottom has been reached until we look into a rear view mirror, the signs for a thawing in the marketplace are very real. 

  • Nearly 80% of all real estate buyers begin a search through the internet and my inquiry traffic has increased 300% in the past 90 days.
  • Showing appointments have increased dramatically to qualified buyers with renewed confidence in the Telluride market and its lifestyle. 
  • Gross dollar sales increase in the second quarter of 2009 by 10%.
  • Five homes in the Telluride Mountain Village sold in the second quarter at an average of $4,000,000 vs. just one home in the first quarter.
  • Although our most current recession has much greater depth and severity than those I have experienced in the past, historically Telluride has recovered quickly with double digit inflation.

That being said, there are select sellers in the market desirous of liquidity and are willing to discount below market highs in the range of 15 – 25% (2004 – 2005 values) for highly desirable opportunities. While many owners, with excellent staying power who resist discounting, are helping to prop up values, the fact can not be ignored that there are numerous incredible values to be had. A market characterized as one with very limited inventory, where demand for the Telluride lifestyle has always outstripped supply, overall inventory has swelled presenting prospective purchasers with a wide range of attractive alternatives.

I am frequently asked, “Are we at the bottom? Is now the time to cut the best deal?” My response is fairly simple – - If your family desires our lifestyle – - there is never a bad time to invest in Telluride real estate. You can wait a few months and maybe save a few more percentage points, but your investment today is enjoyed immediately and any “wait and see” savings, if realized, will be recovered in the very near term. There is the distinct possibility, according to well documented historical data, that our unique little marketplace will cost a great deal more for those who wait for a home run.

Remember, there are 4,000 pretty happy property owners who are very pleased with the performance of their holdings in Telluride and not so happy with their paper investments.

 Regards,

 TD Smith and Chris Sommers

970.728.1606

TD@tdsmith.com   /   Chris@tdsmith.com