Breckenridge lodges on pace to break all-time ski-season records
Resort lodges across the West are entering record-setting territory based on booking patterns and economic indicators, according to Denver-based analytics firm DestiMetrics.
In its monthly market briefing, the firm reports that as of Jan. 31, 97 percent of all revenues received last season have already been collected or are on the books between now and the end of the season.
At the current pace, the final tally is expected to put revenues more than 10 percent ahead of last year and 4.6 percent above the pre-recession record established in the 2007-08 season.
As of Jan. 31, aggregated results for the 19 resorts that work with DestiMetrics showed an 8.7 percent increase in occupancy compared with the same period last year, with Rocky Mountain destinations (Colorado, Utah and Wyoming) showing an 8 percent increase, while the remaining Far West resorts (California, Nevada and Oregon) have seen a 15.2 percent increase in occupancy compared with the same period last year.
Corresponding revenues have been even stronger, with the Rockies resorts up 14 percent while Far West resorts report a 15.6 percent boost.
“Our end-of-season projections show that while seasonal occupancy still lags behind the ’07-’08 pre-recession record by 0.4 percent, lodging rates are expected to be up significantly enough to generate the overall increase of 4.6 percent in revenues to a new aggregated all-time high,” DestiMetrics director Ralf Garrison said.
Garrison also noted that all 19 resorts are on par to see 57 million skier visits based on season-to-date ticket sales.
BRECK CALLS FOR CONTRACTORS TO OVERSEE CHILD CARE TUITION PROGRAM
The town of Breckenridge is in the market for management and enrollment professionals to oversee the town’s new child care tuition assistance program.
The town is taking bids for two different positions. The first is an enrollment supervisor to maintain an enrollment database, manage tuition applications, evaluate those applications, calculate awards based on need and work with the town council to fulfill all applications.
The second position is a management and administrative services coordinator to manage all aspects of the assistance program, evaluate the program guidelines, coordinate with community partners and attend all town council meetings to act as the face of the assistance program.
Preliminary budgets for the positions are $30,000 for the enrollment supervisor and $60,000 for the management and administrative services coordinator. The bid process also requires an estimated fee schedule for services to begin no later than July 1.
The bid must include a proposal, a cover letter, organizational information (including background on a parent organization), references, the above-mentioned fee schedule and an explanation of the project approach. Bids are due by March 2.
Complete requirements for both positions are available on the town website. Applicants can also contact Laurie Best in the community development department at (970) 547-3112.
Since 2008, the town has provided funding for a child care tuition assistance program. The goal of the program is to increase access to quality affordable child care for local working families. The town council establishes goals for the program and provides specific eligibility criteria. The program annually costs approximately $650,000 and serves about 150 children.
A Child Care Advisory Committee was appointed by the town council in 2013 to oversee the program. The committee is seeking an individual or firm to perform several tasks related to program enrollment, including, but not limited to accepting, evaluating and processing applications.
Program funding is currently authorized through 2018 and is subject to annual appropriation by the town council. Therefore, it is anticipated that the enrollment coordinator will be an independent contractor/consultant or firm, and the agreement for these services will be subject to annual renewal. Experience in business or public administration, or both; financial management; accounting and bookkeeping is necessary.
7 HIGH COUNTRY REAL ESTATE MARKETS SAW GROWTH IN 2014
Real estate continues to enjoy a return to pre-recession form — and it began last year, according to the latest transaction numbers from Land Title Guarantee Co.
Last week, the Colorado-based real estate title firm released a round of High County highlights from 2014. All seven benchmark communities in the Colorado Rocky Mountain region saw gross sales numbers increase over 2013: Aspen (Pitkin County), Breckenridge (Summit County), Steamboat Springs (Routt County), Glenwood Springs (Garfield County), Winter Park (Grand County), and Vail (Eagle County) and Telluride (San Miguel County).
In Summit County, real estate transactions were up 8 percent over 2013 and up nearly 41 percent from 2011. The average price for residential properties was also up by nearly 4.5 percent over 2013.
As usual, Front Range buyers accounted for the majority of real estate sales at nearly 44 percent. Beyond the Denver market, out-of-state buyers accounted for 31 percent of transactions, while local purchases sat just below 25 percent. International transactions in Summit (0.93 percent) still sit behind traditionally popular communities like Aspen (2 percent international) and Vail (2.22 percent).
NATIONAL SECURITY SERVICE LAUNCHES PARTNERSHIP WITH DENVER DISPENSARY
Blue Line Protection Group last week announced the expansion of its security contract with LaConte’s Clone Bar and Dispensary in Denver.
Blue Line’s former law enforcement and military professionals will provide customer validation, verification and security services for cannabis product and the dispensary’s cash-only tax payments to government revenue agencies.
The expansion of Blue Line’s services increases its gross revenue from LaConte’s from $102,000 to about $185,000 per year.
The original LaConte’s location opened in November 2010 and catered to medicinal marijuana patients. In April 2014, it started serving recreational patients as well with a large selection of edibles, concentrates, tinctures, topicals and more, with customer service being its staff’s number-one priority.
“LaConte’s has been a long-time client of ours, and we’re happy to renew and expand our relationship,” said Ricky G. Bennett, Blue Line’s Vice President of Operations and Compliance. “Through our National Academy for Protection Professionals, we’re able to provide world-class, consistent training to our security personnel so they can provide high-quality, customer-centric service to our partners and their customers.”
In addition to providing its complete suite of security and transportation services, Blue Line also conducts on-site compliance audits for lawful cannabis businesses, designed to assist banks with meeting federal requirements for marijuana-related businesses.
Blue Line investigators perform state and federal compliance assessments to collect the necessary data to demonstrate its clients are operating responsible and legitimate businesses, in line with federal requirements as outlined in the Cole Memo and other industry standards.
LIV SOTHEBY’S IN BRECK ADDS NEW TEAM OF CORPORATE REAL ESTATE EXPERTS
LIV Sotheby’s International Realty is pleased to announce the addition of Don and Kay Thomas to its Breckenridge brokerage.
“Team Thomas” offers extensive experience in residential real estate, corporate real estate services, major office building development and office leasing, providing in-depth knowledge of Summit County and its surrounding markets.
Team Thomas, along with their executive assistant and daughter, Marny Thomas, are a welcome addition to the brokerage, which was renamed LIV Sotheby’s International Realty in January.
Previously a broker at LIV SIR’s Evergreen location in 2008, Kay Thomas returns to LIV Sotheby’s International Realty at their Breckenridge location to join her husband, Don, a Summit County real estate expert.
Together the team will commence an initiative to broker over $20M million annually within Summit County, based on a particularly strong real estate market and new resources available to them at LIV SIR.
The Thomas’ real estate experience in Breckenridge and Summit County dates to 1962, where the two met and have been sharing their love of skiing, hiking and the outdoors with clients ever since. Witnessing the history of the skiing boom from its origin and its effect on the development of the county since then, the Thomas’ offer clients an unrivaled perspective regarding every aspect of the Summit County market.
VAIL NATIVE AND LOCAL SURGEON ERIK DORF EARNS HAND SURGERY CERT
A local surgeon recently received a certificate for hand surgery — right in time for the thick of spring break injury season.
Earlier in January, Dr. Erik Dorf of Vail-Summit Orthopaedics earned a prestigious certification, known as the Subspecialty Certificate in Surgery of the Hand, awarded only to board-certified orthopedic surgeons who have demonstrated qualifications in hand surgery beyond those expected of other hand surgeons.
In addition to continued dedication to the practice of hand surgery, applicants must pass a professional examination designed to evaluate the candidate’s cognitive knowledge relevant to this complex field. The Joint Committee on Surgery of the Hand administers the evaluation.
Dorf, a Vail native, specializes in surgery of the upper extremity, including disorders of the shoulder, elbow, wrist and hand. He joined Vail-Summit Orthopaedics in 2008 after completing 10 years of training, which culminated with an upper extremity fellowship at Wake Forest University.
“Eagle and Summit County patients are fortunate to have such a highly qualified hand surgeon in their midst,” Vail-Summit Orthopaedics CEO Chip Webb said.
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