Telluride Breaks Ground on New $1 Billion Hotel

The Four Seasons is making it’s way to Telluride, and no, we’re not talking about Mother Nature.

The Four Seasons Resort and Residences has broken ground on the town’s first new luxury development in more than 15 years. A 4.4-acre site in Telluride’s Mountain Village will be home to 26 private residences and 43 hotel residences.

Private residences will range from two to five bedroom properties and hotel residences will have options of one to four bedrooms. Each of the residences has luxurious floor-to-ceiling windows and expansive terraces. Additionally, all residential bedrooms and hotel rooms will be equipped with in-home oxygenation systems to aid with the effects of Telluride’s high altitude.

Telluride’s Mountain Village is located just up the road from the town of Telluride. A free Gondola connects town to the Mountain Village and the Market Plaza.

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The new residences aim to deliver a resort-style experience with ski in/ski out access, a ski valet, a fitness center, spa, indoor pool, outdoor pool, hot tubs, and private residence club.

Property owners will also have access to services from the adjoining Four Seasons Resort, which include on-demand car service, housekeeping, valet, butler service, wellness programming, and more.

“This achievement would not have been possible without the support of exceptional local partners like Telluride Ski & Golf (TellSki), the Town of Mountain Village and TMVOA. We are fortunate to inherit such a remarkable site and destination, and to have the opportunity to build upon and complement the outstanding work they’ve already done here,” said Dev Motwani, President and CEO of Merrimac Ventures.

The project has been financed in part by a $417M construction loan from J.P. Morgan and additional financing from CanAm Enterprises. Real-estate developers Merrimac Ventures and Fort Partners are working to bring the $1 billion project to life.

Currently, the project is slated to be finished by 2028, and more than 30% of inventory has already been sold. Properties currently start at around $4M.

Currently, the median home listing price in Telluride, Colorado is $3.7M, which is a down-trend of 6.4% year-over-year.

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