New slopeside project in Breckenridge

[ondeadlin]

Breckenridge Grand Vacations (developers of Grand Timber Lodge, Grand Lodge on Peak 7, and the Grand Colorado on Peak 8) are about to start selling a new ski-in/ski-out project on Peak 8. Looks mostly(?) whole ownership, but clearly some interval weeks as well. They had already started site development when I was there last week.

Too rich for my blood, but I'll be on the lookout for a trade or two down the road.

Ownership - Imperial Hotel Breckenridge

Ascend the Everyday Exclusive Ownership at the Imperial Own Your Legacy The Imperial offers the perfect solution for those seeking a more affordable luxurious mountain second home. With fractional ownership opportunities available, owners can purchase only the time they plan to use, enjoying...

www.imperialbreckenridge.com

 

[dougp26364]

Did they give you pricing? When we were at our owners update in August they didn’t have pricing. We’re not really interested but curious as to how high things have become at the retail level

 

[ondeadlin]

I did not tour, Doug. I am curious as well.

 

[rickandcindy23]

With the restrictions Summit County has put on rentals, it would be a terrible investment to buy anything wholly owned and hoping to rent. The only reason we knew about it was because our management company in Frisco was dealing with the timeshares and private homes it manages. Perhaps these units would be under a different zoning?

Summit County charges our management company, and consequently us as timeshare owners, per unit that we rent, basically a registration fee, which goes up each year as the county becomes greedier. Even if only 1 or 2 weeks rent out of each unit, the fee is required. Val Chatelle has six units. I don't remember the amount that we had to pay, but it wasn't a small amount of money.

The county monitors all ads. They have someone on staff that looks at Craig's List, TUG, go-koala.com, Facebook and Redweek regularly to make sure rentals are not sneaking by. It's so ridiculous, really.

The amount is higher for number of bedrooms. I was advertising my ski weeks on Craig's List about two years ago as 3 bedrooms because of the loft area being separate, and the woman who manages rentals at our management company freaked out because I was advertising 3 bedrooms, and they only paid for 2 bedrooms. Summit County contacted her within a few days of the publishing of my ad to accuse her of lying to the county on the size of the units.

RCI will only say it's a 2 bedroom because the loft doesn't close off, it's open (winding wrought iron staircase to the loft). That is what management goes by.

I can rent my weeks because I own them, and there is nothing the county can do about that. I just stopped advertising on Craig's List and FB because I knew those were monitored more regularly. Advertising as a 2 bedroom was a giant red flag. I do advertise on TUG and had two successful rentals, a few are now regular renters for my weeks. One renter is fairly new and rented the last two years.

I tried RW, which was a bust. I am trying on Koala but I have to figure out how to get them a confirmation with a fixed rotating week. I need management to send me some sort of confirmation.

 

[sgtdesi]

We did an update today after not doing one for 10 years. The buy it right now price for an EOY October or May week was $58k or $75k after you leave, increasing again in price next week. A fixed ski week, $283k increasing next week. I think $250k at the time of presentation. These are for 2 bedroom units. Maintenance on a 2 bed is $3500. Not that we were going to buy anyway, but it was an easy choice for us to stay with our 3 fixed ski weeks at GL7 that were less than one week at Imperial. They definitely wanted us to bite on an October week to get our foot in the door and lock in pricing. Can get October on II at GL7 all day everyday for cheap!

 

[bizaro86]

We did an update today after not doing one for 10 years. The buy it right now price for an EOY October or May week was $58k or $75k after you leave, increasing again in price next week. A fixed ski week, $283k increasing next week. I think $250k at the time of presentation. These are for 2 bedroom units. Maintenance on a 2 bed is $3500. Not that we were going to buy anyway, but it was an easy choice for us to stay with our 3 fixed ski weeks at GL7 that were less than one week at Imperial. They definitely wanted us to bite on an October week to get our foot in the door and lock in pricing. Can get October on II at GL7 all day everyday for cheap!

I bet the commission % is higher on offseason weeks. Those have to be harder to sell.

 

[sgtdesi]

I bet the commission % is higher on offseason weeks. Those have to be harder to sell.

No doubt. And especially at that price!