Vail owns Beaver Creek, as well as Vail, which is 12 miles to the east. Vail's partner in the development is an affiliate of Continental Glencom, which also is an owner of the Ritz-Carlton in Philadelphia and Key Biscayne, FL.
The Athens Group of Phoenix is developing the Beaver Creek project, which has been heralded as the first five-star Ritz-Carlton Hotel at any ski resort in the world. Ritz-Carlton also is building a 73-unit luxury timeshare development at Colorado's Aspen Highlands.
The Beaver Creek project, scheduled to open around Christmas 2002, will have a 20,000-sf spa and fitness center, ski rental lessons and retail space, restaurants and 12,000 sf of meeting space.
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