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$300M Hotel Coming to Northstar

TRUCKEE, CA-East West Partners and publicly held Crescent Real Estate Equities Co. are developing a 173-room Ritz-Carlton branded development at the Northstar ski resort.

By Brian K. Miller | Updated on July 20, 2006

TRUCKEE, CA-Colorado-based East West Partners and publicly held Crescent Real Estate Equities Co. of Fort Worth, TX are developing a $300-million hotel and condominium project at the Northstar ski resort, which sits between this city and the north end of Lake Tahoe. The property is slated to open in late 2009.

The 173-room Ritz Carlton Highlands will incorporate Ritz-Carlton Residences, a 75 unit full-ownership product, and the Ritz-Carlton Club, a 73-unit fractional-ownership product. Amenities will include a spa, several pools, on-site meeting and event space and a new gondola that will connect the development to the Village at Northstar TM condominium residences, shops, restaurants and ice rink.

Q&D Construction of Reno and Swinerton Builders of San Francisco are serving as joint contractors on the project. Construction of a four-mile road leading to the development site began this summer. Sales for the first phase of residences will begin this winter.

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