$482.5 Million Loan Arranged for The Stockman Resort in Colorado

Newmark announced that it has arranged a $482.5 million loan on behalf of Stockman Development LLC, led by Marquee Development, to advance The Stockman, an Auberge Collection resort in Steamboat Springs, Colorado. The financing was provided by GoldenTree Asset Management.

The project, which recently broke ground, will comprise 95 luxury branded residences and a 59-key hotel operated under the Auberge Resorts Collection. OZ Architecture is leading the building design, with interiors by Nunzio Marc DeSantis Architects, while Berkshire Hathaway is leading residential sales.

The Stockman will offer ski-in/ski-out access to Steamboat Mountain, spa and fitness facilities, a pool, food and beverage options, an owners' lounge, ski locker storage, and private terraces. The design draws on Steamboat Springs' Western heritage combined with contemporary amenities.

Located at the base of Steamboat Ski Resort, the development represents the next phase of Alterra's investment into the mountain, following its $250 million 'Full Steam Ahead' reinvestment program.