Investment Company Commits $225 Million To New Keystone Hotel & Residences

Investment Company Commits $225 Million To New Keystone Hotel & Residences

Real Estate

Investment Company Commits $225 Million To New Keystone Hotel & Residences

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A planned hotel and residence building at Keystone Resort has the financial backing to make the delayed project happen. Summit Daily reports that Kindred at Keystone just secured $225.47 million from a Denver-based company for a “$140 million senior construction loan, $55.47 million in commercial property assessed clean energy financing, and $30 million of preferred equity investment.” Additionally, Pure Development made a $7 million investment in the space. This totals around $232.5 million of investment, which is the expected construction cost.

The large buildings will feature ninety-five ski-in/out condominiums, one hundred and seven hotel rooms, a spa, pool, hot tubs, ski valet, ski storage, in-room massages, a fitness center, and more. I gotta say that based on the renderings of the pool, I’m pretty underwhelmed. The actual swimming portion of the pool looks like it was made for ants.

Construction was supposed to begin in 2021, but pandemic-related issues delayed ground-breaking. Pre-construction has begun on the hotel and residences, with its projected opening being in 2025. Maybe the Bergman Bowl will be open by then! Some photos of the new project are below.

Image Credits: Kindred at Keystone

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