Breckenridge Grand Vacations Timeshare Finalizes Land Purchase
Friday, May 24, 2013
Breckenridge Grand Vacations timeshare has finalized the purchase of 2.1 acres of land located at the base of Breckenridge Ski Resort’s Peak 8. The reported purchase price of the land was $11.1 million and was made by the Colorado timeshare development company from Vail Resort Inc.
The purchased land includes the property formerly known as the Bergenhof Day Lodge. The lodge is scheduled to be demolished in upcoming weeks, with grading and utility work to start on the property shortly thereafter. Construction of the new resort will commence in the Spring of 2014.
Breckenridge Grand Vacations is the developer of other Colorado timeshare properties in Breckenridge, including the Grand Timber Lodge and Grand Lodge at Peak 7. The new Peak 8 Breckenridge Grand Vacations property will include an approximately 75-unit, ski-in/ski-out timeshare resort with a restaurant and a full-service spa.
The new resort will be the latest addition to the master plan for developing base areas on Peaks 7 and 8 with the objective of establishing a strong connection to Breckenridge’s historic Main Street.
