Newmark Arranges $482.5 Million Financing for Steamboat Springs Luxury Resort
Newmark Group, Inc. has arranged a $482.5 million loan for Stockman Development LLC, led by Marquee Development. The financing will advance the construction of The Stockman, Auberge Collection, a luxury ski-in, ski-out resort in Steamboat Springs, Colorado.
Newmark Group, Inc. has successfully arranged a $482.5 million financing package for Stockman Development LLC, under the leadership of Marquee Development. The funds are allocated for the development of The Stockman, Auberge Collection, an ultra-luxury ski-in, ski-out resort that has recently broken ground in Steamboat Springs, Colorado.
The financing was provided by GoldenTree Asset Management, a global asset management firm. The arrangement was facilitated by Newmark's Global Debt & Structured Finance team, including Jordan Roeschlaub, Nick Scribani, Tyler Dumon, and Holden Witkoff, on behalf of the sponsor.
The Stockman resort is set to feature 95 luxury branded residences and a 59-key hotel to be operated by Auberge Resorts Collection. The architectural design is led by OZ Architecture, with interiors by Nunzio Marc DeSantis Architects. Berkshire Hathaway is managing the residential sales efforts.
Strategically located at the base of Steamboat Ski Resort, the development offers direct access to the mountain's year-round recreational activities. This project is expected to further solidify Steamboat Springs as a prime destination for luxury tourism and real estate.