List Your Equipment  /  Dealer Login  /  Create Account

$212.5M Deer Valley Resort Receives Construction Loan

Tue February 13, 2018 - West Edition #4
Construction Equipment Guide


Upon completion, the St. Regis Deer Crest will be comprised of an 11-story hotel tower, offering 67 luxury condominium units.
Upon completion, the St. Regis Deer Crest will be comprised of an 11-story hotel tower, offering 67 luxury condominium units.
Upon completion, the St. Regis Deer Crest will be comprised of an 11-story hotel tower, offering 67 luxury condominium units.
Amenities at the property will include ski-in/ski-out access, a 20,000 sq.-ft. spa and fitness center, a gourmet restaurant, an après ski lounge with ski valet service, a “ski beach” and two resort-style swimming pools.

Sonnenblick-Eichner Company announced that they have arranged $212,500,000 of construction financing for the new St. Regis Resort & Residences Deer Crest, located on the mountain at Deer Valley Ski Area in Deer Valley, Utah. The non-recourse construction loan was provided by a syndicate of three domestic and international money center banks and financial institutions.

Upon completion, the St. Regis Deer Crest will be comprised of an 11-story hotel tower, offering 67 luxury condominium units divisible into 181 hotel keys and 26 private whole ownership residences. A 27th residence will be located at the base of Deer Valley where a separate reception complex will be built. Access to the resort from the base area will be via a funicular.

The resort is being built to Mobil “Five Star” standards and upon completion will be the only Five-Star property in the state of Utah. Amenities at the property will include ski-in/ski-out access, a 20,000 sq.-ft. spa and fitness center, a gourmet restaurant, an après ski lounge with ski valet service, a “ski beach” and two resort-style swimming pools.

David Sonnenblick, principal of Sonnenblick-Eichner Company, said, “Due to the project's unique attributes and location, we were able to identify several domestic and international institutions seeking the opportunity to provide construction financing for the project. We were successful in structuring a non-recourse construction loan with a cap on the completion guaranty, thereby minimizing our client's exposure. Upon completion, this project will be one of the finest year-round resorts in the country.”

Elliot Eichner, principal of Sonnenblick-Eichner Company added, “This transaction is indicative of our company's dedicated niche in arranging and structuring complex transactions for the hospitality industry.”




Today's top stories

Brasfield & Gorrie Constructs Baptist Health Care's $636M Pensacola Campus

ARTBA CEO Dave Bauer's Statement on Proposed Federal Gas Tax Holiday

MDOT Rebuilds I-275 Near Detroit

Hyundai Enters Articulated Dump Truck Market With Two Models Targeting 30-, 45-Ton Segments

Construction, Transportation Groups Push Back on Biden's Gas-Tax Proposal

ALDI Invests Big in Baldwin County — Crews Help Prep for New Region HQ

Rowland Joins Linder as Regional Sales Manager

Skowhegan, Maine, Voters Approve Building New $75M Elementary School


 






ceg-logo ceg-logo ceg-logo ceg-logo ceg-logo
39.04690 \\ -77.49030 \\ Ashburn \\ VA