10th Aug, 2012

Peak 8 Breckenridge Colorado Time Share/Fractional Real Estate

The owner of the Grand Lodge on Peak 7, Breckenridge Grand Vacations, is proposing to build another timeshare/fractional property in Breckenridge– this time at the base of Peak 8. Breckenridge Grand Vacations is the developer, owner and operator of three vibrant resorts that offer timeshare Breckenridge homes for sale: Gold Point Condominiums, Grand Timber Lodge, as well as the real estate at Grand Lodge on Peak 7.

The proposed new Breckenridge Colorado real estate development includes at least 80 units on the site of the former Bergenhof restaurant. That is a prime location at Breckenridge Ski Resort’s Peak 8. The new exclusive real estate in Breckenridge will be sold as timeshares that are geared to great vacations. Facilities could include a large aquatic area and full-service bar, fitness center and skier concierge, and other amenities that are popular for vacationing families.

Breckenridge Grand Vacations has received recognition as one of the most successful independent developers in the resort industry. In 2005, Breckenridge Grand Vacations brought home the DARDY Employer of Choice award from the American Resort Development Association. The company seeks to create great vacations for families and friends.

The Grand Lodge on Peak 7 is expected to sell out by the fall of 2014. An article on June 10, 2012 in the Summit Daily News reported that the company approached the Town Council, stating that the additional real estate development is a critical element of its success and for the local economy. The new project would likely allow Breckenridge Grand Vacations to continue the employment of 150 persons who generate $54 million a year in sales for the company.

Breckenridge Grand Vacations asked the Town of Breckenridge agree to a number of essential terms. The company would like to increase population density on Peak 8, to exchange transferable development rights with the open space bank, and to donate $25,000 to the continued preservation of Cucumber Gulch wetlands and wildlife habitat.

More-efficient timeshare/fractional industries have been improving on a timeworn business model from the 1960s. Today’s model held up well during the economic downturn, allowing families to continue vacationing in property they already own. According to a report by the American Resort Development Association in 2009, hotel vacancies were 20 percent higher than timeshare vacancies. Timeshare real estate contracts also offer the flexibility to trade resort destinations.

For information about buying fractional real estate in the scenic mountain villages, call Barrie Stimson, Breckenridge Realtor® at (970) 390-2560.

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