Breckenridge Grand Vacations’ new Peak 8 project is the company’s fourth resort
Breckenridge Grand Vacations last week unveiled the name and final plans for its fourth resort in Breckenridge.
The property, The Grand Colorado on Peak 8, will be the company’s most luxurious resort to date.
“It’s a new era of slopeside resort ownership,” said Rob Millisor, one of the three owners of Breckenridge Grand Vacations. “The Grand Colorado will be the pinnacle resort within our resort family.”
The resort will be smaller than the company’s other properties — the Grand Lodge on Peak 7, Grand Timber Lodge and Gold Point Resort — and it will have fewer, larger units with upgraded finishes.
The Grand Colorado will offer fixed and floating timeshare weeks ranging from $15,000 for smaller units during shoulder seasons to more than $250,000 for the largest units during peak holiday weeks.
Private offering sales start on Dec. 5 with “Founders’ Club” benefits, including a discount on ownership and free ski passes, offered to owners and clients who purchase that day. Ownership interests will be available to the general public the next day.
“We have owners already basically clamoring to buy at the new property,” said Ginny Vietti, vice president of marketing for BGV. She expects the new resort will sell out within five years, but the most coveted units and weeks will be snapped up quickly.
About 65 percent of the company’s owners live in Colorado, she said, mostly on the Front Range, and about half of its annual sales come from current owners upgrading or buying more from the company.
Situated at the base of Breckenridge Ski Resort’s Peak 8 mountain, the property offers ski-in, ski-out access to express chairlifts and the gondola that connects the town to the ski slopes of Peaks 7 and 8. Construction began in 2013, and the resort should open its doors in summer 2016.
The 75-unit property will stand on the exact spot of Breckenridge Ski Resort’s original “Berganhof” Lodge, which was built in 1961 and which BGV bought and tore down in 2013. The property will have a restaurant called the Berganhof Tavern, run by separate owners, that pays tribute to the old lodge.
Because The Grand Colorado will be located where the ski resort began, Vietti said, the company is trying to pay homage to that history.
“There’s a certain clientele that could buy in other markets, but they choose Breckenridge because of our unique character,” she said. “We’re really trying to honor that in what we’re building.”
Designers from TRH Interior Design in Boulder selected natural textures, decorations and furniture for the 30 four-bedroom units and remaining two-bedroom units and suites.
Vietti described the resort’s style as a contemporary twist on mountains.
Instead of the rough rock, old logs and brass that might bring to mind the area’s mining history, the property will have dark woods, smooth stone and polished nickel finishes. The property will be chic but not urban.
“You’re going to definitely know you’re in the mountains,” she said. But “it’s not a lodge.”
Owners and guests won’t see elk antler chandeliers or animal skins; they’ll see lots of windows and glass elements.
The amenities planned include an indoor and outdoor aquatics area with two pools, four hot tubs, outdoor fireplaces and grills as well as a family game area, three private movie theaters, a spa and a lobby bar.
“This is an ambitious project that has been designed with ‘modern mountain sophistication’ in mind and integrated into the hillside with public and private terraced decks and levels to maximize views,” said Mike Hayes, vice president of construction for BGV.
Like at similar properties, owners at The Grand Colorado who don’t plan on using their week in a given year will be able to exchange that week for use at another partner resort or rent out all or part of their unit.
Owners also will be able to use their weeks at other BGV resorts until The Grand Colorado opens in 2016.
The 114-residence Grand Lodge on Peak 7 is on track to sell out around the same time BGV will start selling timeshare weeks for The Grand Colorado.
For more information on Breckenridge Grand Vacations, visit breckenridgegrandvacations.com. For private sales offering information, call (866) 576-8971.
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