Posts Tagged Beaver Creek Resort

Cordillera Golf Club bankruptcy case includes litigation with members – Denver Post, 7/27/12


 

By John Mossman
The Denver Post

The Cordillera Golf Club bankruptcy case, shifted from Delaware to Colorado last week, is complicated by litigation between owner David Wilhelm and 610 club members that has gone on for more than a year.

Wilhelm and his management company filed for Chapter 11 bankruptcy protection June 26 in U.S. Bankruptcy Court in Delaware, where the company is incorporated. The filing came on the same day a $12.7 million loan was due to Alpine Bank of Colorado.

“The (Chapter 11) process will allow the club to operate its ongoing business while it resolves the outstanding conflicts and prepares a plan of reorganization to emerge a healthier company,” Wilhelm said.

The bankruptcy and litigation involve only the Club at Cordillera, not the Lodge and Spa at Cordillera, which is a separate entity and remains open for business.

For the second year in a row, Cordillera’s Valley golf course is the only one of the four Cordillera courses open.

One of the largest exclusive golf communities in North America, Cordillera covers 12 square miles in the heart of Colorado’s Vail Valley near Edwards. It consists of three 18-hole courses — designed by Jack Nicklaus, Hale Irwin and Tom Fazio — and a short course designed by Dave Pelz.

Last spring, Wilhelm promised to open all four golf courses but opened only Fazio’s Valley course and laid off dozens of workers.

Current and former club members sued him in a class-action lawsuit, saying that if he was going to open only 25 percent of the courses, they wanted 75 percent of their dues back.

Members say the Wilhelm Family Partnership collected $8 million in membership dues last year and paid itself almost $1 million while failing to open three Cordillera golf courses, thus violating the membership agreement.

The lawsuit asks that the 2011 dues be repaid and that all of the membership deposits be refunded. Such a payout could total $108 million.

Wilhelm then sued the members for $96 million, claiming they were trying to drive him out so they could take over.

Last week, the case was transferred to Judge A. Bruce Campbell in Denver’s federal bankruptcy court.

Chris Celentino, a bankruptcy attorney representing Cordillera, said Alpine Bank has agreed to extend credit financing through the summer season, allowing “more time to work out a long-term solution that will enable the club to restore itself.”

In a related matter, District Court Judge Frederick Gannett of Eagle postponed a contempt-of-court hearing against Wilhelm based on his failure to provide requested information.

Gannett told the Vail Daily on Wednesday that if Wilhelm’s attorneys want him to recuse himself from the case because of alleged bias, he would do so but only if appropriate legal documents are filed. Gannett is a member of another golf club also in bankrupcty.

John Mossman: 303-954-1479, jmossman@denverpost.com

 

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Bachelor Gulch Real Estate Market Update – July, 2012


 

Welcome to my July Bachelor Gulch Real Estate Market Update.  Activity in 2012 continues to track ahead of 2011.  We are definitely experiencing an “L” shaped recovery.  But at least it is a recovery.

In addition to the latest BG trends and stats, this issue contains information on:

  • Update on Eagle County foreclosure filings and sales
  • Overall Eagle County Real Estate activity, which is red-hot in the lower end of the market.

Click on the links below to view the market update and the current BC condo and town home listings and 2012 sales.

Market Update July, 2012

Listings & Sales July, 2012

Summer is well under way.  The few rain showers we received over the past couple of weeks have been a relief.  We are still very dry but a few sprouts of new green grass have been spotted throughout the Valley.

 

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Vail sweeps T+L’s World’s Best Hotels with Top 3 in Continental U.S. – Vail Business Journal


 

Kim Marquis | Mon., July 9, 2012

VAIL—The newly renovated Osprey at Beaver Creek was named Best Resort in the Continental U.S. in Travel + Leisure’s annual reader survey released Friday.

Two additional Vail-area hotels — The Sebastian in Lionshead and Pines Lodge in Beaver Creek — were second and third on the prestigious list. Both the Osprey and Pines Lodge are RockResorts properties, the luxury lodging company owned by Vail Resorts.

“We are honored to have two of our RockResorts properties at the top of the Travel + Leisure 2012 World’s Best Awards readers’ survey,” Broomfield-based RockResorts CEO James O’Donnell said in a statement. “Our teams strive to ensure our guests have a true experience of a lifetime whether staying with us in our hotel properties or enjoying our iconic mountain resorts like Beaver Creek.”

The Osprey is a mere 26 feet from the Strawberry Park Express chair lift. It was recently renovated to reflect contemporary design and luxury amenities, including an award-winning gourmet tapas bar and restaurant. The intimate, 60-room Pines Lodge is located on the slopes at Beaver Creek Resort.

The Sebastian in the Vail Village dubs itself a boutique hotel with 100 rooms and seven suites. It is owned by Timbers Resorts, which also owns Dancing Bear in Aspen and One Timbers Place in Steamboat Springs.

This marks the first year for all three Vail-area hotels to appear on the magazine’s “Best” hotels list. Also appearing were the Ritz-Carlton Bachelor Gulch (No. 8), The Broadmoor in Colorado Springs (No. 22), Park Hyatt Beaver Creek Resort & Spa (No. 30), and the Four Seasons Resort in Vail (No. 33).

The survey ranks readers’ favorite hotels, cities, islands, cruise lines, airlines, car rental agencies, spas, safari outfitters and tour operators. Winners will be featured in the August online and print editions.

This year’s survey showed that the allure of the exotic and the new remains as strong as ever, according to Travel+Leisure Editor-in-Chief Nany Novogrod.

“Along with great service, our readers crave adventure and the outdoors, reflected in their selection of this year’s top three resorts in the Continental U.S., all located in Colorado mountain towns,” Novogrod said in a statement.

The survey among the magazine’s readers took place from Dec. 1, 2011 to March 31. Travel + Leisure covers culture, food, style and design, and has the largest audience among travel magazines.

 

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Vail Valley Annual Highway Clean-up Day – A Fun and Productive Way to Spend the Morning


Kim and I participated in the Vail Valley Annual Highway Clean-up day last Saturday.  What a great way to spend the morning.  We joined the Prudential crew at mile market 156 just west of the Wolcott exit.

It is a little intimidating picking up trash with 18 wheelers wizzing by at 75 MPH.  Most drivers are very courteous and slow down in respect for the workers.

It was also a beautiful day.  You really never know what you are going to find.  Very few treasures but lots of bottles, cans, auto parts, and some unmentionables.

There is a party afterward where everyone shows off their most interesting finds. We came in second this year with our discovery you can see in the photo below.

It was a fun day spent with some great folks.

 

 

 

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Beaver Creek’s Ninth Annual Blues, Brews & Barbecue Event Returns May 25-28, 2012 Featuring Additions


For Immediate Release
 Beaver Creek’s Ninth Annual Blues, Brews & Barbecue Event Returns May 25-28, 2012 Featuring Additions
  • Friday evening Welcome Reception includes mingling with Barbecue and Microbrewery festival purveyors
  • Barbecue competitions judged by pros and attendees; $10,000 in cash prizes to be awarded
  • Monday Cut & Slice Golf Event at Beaver Creek Golf Club
Beaver Creek, Colo. April 30, 2012 –Barbecue and microbrew lovers know that Beaver Creek Resort is the place to be every Memorial Day weekend for the ninth annual Blues, Brew and Barbecue Festival May 25-28, 2012. As the unofficial lunch of summertime in the mountains, top barbecue chefs from around the country join local chefs in serving up mouth-watering barbecue complemented by thirst-quenching microbrews at the largest Colorado Microbrewery beer tasting. To make the most of the holiday weekend, organizers have added three new components: a Friday night welcome reception, a judged barbecue competition featuring $10,000 in prizes, and a Monday golf event.
In addition, top blues performers, The Delta Sonics, Rory Block and Clay McClinton will perform live at scheduled times during the weekend. For the first time in Beaver Creek, barbecue masters will be competing for bragging rights and $10,000 in cash prizes. On Saturday a panel of professional judges will rate pork dishes according to appearance, taste and tenderness. On Sunday, event attendees will determine the People’s Choice winners. Selected winners will be crowned Saturday and Sunday at 4:10 p.m. on the main stage in Beaver Creek Plaza.
Kids Zones will be open from 12-4 p.m. Saturday and Sunday providing activities and arts and crafts designed for kids 12 and under. Beaver Creek’s signature Culinary Demonstration Series kick off for the summer season, providing complimentary barbecue demonstrations from guest and local chefs, accompanied by paired beverages.
The Blues, Brews and Barbecue event offers free admission to the plaza events and food and beverage are available for purchase. Ticketed events include the following.
New Welcome Reception
On Friday, May 25 celebrate the holiday weekend at the new Welcome Reception, which will be held at the Park Hyatt Beaver Creek from 5-6 p.m. Join visiting and local chefs participating in the event and talk brews with representatives from participating microbreweries. Tickets are $25 per person.

Microbrew Festival

The Park Hyatt Beaver Creek hosts the largest exclusively Colorado Microbrewery Beer Tasting in the state from 1-5 p.m. on Saturday, May 26. Featuring more than 80 special concoctions from 35 Colorado-based breweries, participants also receive a commemorative tasting mug. Advance tickets are $35 per person and will be $40 per person at the door. The event also will be held outdoors this year on the back lawn, near the top of Beaver Creek’s Grand Staircase above the ice rink.

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Beaver Creek confirmed as finish for Stage 4 of USA Pro Cycling Challenge in August


We are really excited about having the pro racers finish in our little Beaver Creek Village.  I’m not sure exactly where the finish line will be but I’ll be up here to watch the climax.

By RealVail
April 6, 2012

Contenders for a stage win during the fourth day of competition at the 2012 USA Pro Cycling Challenge will need to remember to keep some leg and lung power reserves in the tank as Beaver Creek Resort today identified the route for its Stage 4 mountaintop finish. The stage will take place on Thursday, Aug. 23, day four of the week-long 2012 edition.

The day’s stage, a 97.2 mile route to Beaver Creek from Aspen, includes 75 miles of climbing at altitudes of 9,000 feet and above, plus a sprint competition, all before landing at the base of Beaver Creek for the final climb to the mountaintop finish.

As the riders approach the finish, they will take a sharp left from Highway 6, dashing south through the Beaver Creek Welcome Gate on their 2.5 mile final climb that rises almost 1,000 feet to the finish line, which will be located just beyond the skier bridge at 8,100 feet in Beaver Creek Village.

“Beaver Creek’s mountain top finish promises to provide not only thrilling racing action,” offered Doug Lovell, chief operating officer of Beaver Creek Resort and president of the Beaver Creek Resort Company board, “but we also expect that this will be one of the largest crowds of the mountain stages, given our close proximity to the Front Range. With so many avid cycling fans in our community, we’re incredibly excited to host this stage, while also providing race fans with the resort’s signature hospitality and an enhanced Expo area that will contain events and activities leading up to and following the race. This is a day not to be missed in the Vail Valley.”

Beaver Creek Mountain will provide a stunning backdrop as riders climb past the Beaver Creek Golf Club and private homes, with cheering spectators lining every inch of the route. Shortly before the finish line, the route will narrow and riders will need to remain focused on the last 100 yards, crossing the uphill finish line near the Centennial Station skier drop-off point.

“Given the location of the final climb in the grand scheme of the day’s race,” explained Ceil Folz, president of the Vail Valley Foundation, “it will provide not only exciting racing action, but it will also definitely have an impact on who emerges from the stage with the leader jersey.”

Complete details for where to watch Beaver Creek’s Stage 4 finish, events throughout the day and race-day logistics will be released in the weeks ahead. Stay up to date with local race news, including the local poster contest winner, @beavercreekmtn on Twitter or facebook.com/Beavercreek. For more information visit http://www.beavercreek.com/ and http://www.usaprocyclingchallenge.com/city/beaver-creek

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Vail Resorts Epic Passes Go on Sale


Vail Resorts announced that Epic Passes for the 2012/2013 ski season are now on sale.  There are a variety of options to choose from:

  1. Epic Pass:  The original.  Completely unrestricted access to all 7 mountains in the Vail Resorts family including Vail, Beaver Creek, Breckenridge, Keystone, Heavenly, Northstar, and Kirkwood.  Also unrestricted access to Arapahoe Basin.$659 for Adults, $339 for kids.
  2. Epic 7-Day:  7 unrestricted days at all Vail Resorts mountains except Kirkwood.  $509 for adults, $259 for kids.
  3. Epic Local Pass:  This pass has restrictions on when and where you can ski.  Unlimited access to Breckenridge, Keystone, and Arapahoe Basin.  10 restricted days at Vail and Beaver Creek.  Limited restrictions at the California resorts of Heavenly, Northstar, and Kirkwood.  $509 for adults, $389 for teens, and $259 for kids.
  4. Summit Value  Pass:  Unlimited access to Keystone and Araphoe Basin.  Limited restrictions to Breckenridge.  $419 for adults, $329 for teens, and $209 for kids.
  5. Tahoe Local Pass:  Access with limited restrictions to Heavenly, Northstar, and Kirkwood.  $419 for adults, $319 for teens, and $199 for kids.
  6. Tahoe Value Pass:  Ski or ride 7 days a week at Heavenly and 6 days a week at Northstar and Kirkwood with some restrictions.  $379 for adults, $299 for teens, $179 for kids, and $299 for seniors.

It is hard to beat the value in these passes considering the price of 1-day lift tickets.  For anyone skiing more than just a few days, one of these passes is bound to fit not only your plans for next season but also your budget.  Go to the following site for more details and to reserve your pass now;  Vail Resorts Epic Passes.  You need to act before 4/15/12 to get the best prices.

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