{"id":795484,"date":"2019-05-05T17:44:00","date_gmt":"2019-05-05T23:44:00","guid":{"rendered":"https:\/\/www.summitdaily.com\/news\/breckenridge-grand-vacations-sells-its-interest-in-peak-8-hotel-project\/"},"modified":"2019-05-06T08:01:08","modified_gmt":"2019-05-06T14:01:08","slug":"breckenridge-grand-vacations-sells-its-interest-in-peak-8-hotel-project","status":"publish","type":"post","link":"https:\/\/alwaysmountaintime.com\/ksmt\/local-news\/breckenridge-grand-vacations-sells-its-interest-in-peak-8-hotel-project\/","title":{"rendered":"Breckenridge Grand Vacations sells its interest in Peak 8 hotel project"},"content":{"rendered":"<div class=\"swift-gallery\" readability=\"6.615221987315\">\n<ul id=\"imageGallery-365465-518\" class=\"gallery list-unstyled\">\n<li data-thumb=\"https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2019\/05\/BGV-SDN-050619-1-150x150.jpg\" data-src=\"https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2019\/05\/BGV-SDN-050619-1.jpg\" data-sub-html=\"Courtesy of Lionheart Capital | This conceptual rendering from Lionheart Capital's website shows a proposed ski-in, ski-out hotel at the base of Peak 8 at Breckenridge Ski Resort, where the Miami-based firm plans to build a 150-room luxury hotel and over 100,000 square feet of wholly owned condominiums.\" class=\"h-100\">\n<div class=\"row no-gutters h-100\">\n<div class=\"col my-auto\" readability=\"9\"><img decoding=\"async\" src=\"https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2019\/05\/BGV-SDN-050619-1.jpg\" alt=\"This conceptual rendering from Lionheart Capital's website shows a proposed ski-in, ski-out hotel at the base of Peak 8 at Breckenridge Ski Resort, where the Miami-based firm plans to build a 150-room luxury hotel and over 100,000 square feet of wholly owned condominiums.\"><\/div>\n<\/div>\n<\/li>\n<li data-thumb=\"https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2019\/05\/BGV-SDN-050619-1-150x150.jpg\" data-src=\"https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2019\/05\/BGV-SDN-050619-1.jpg\" data-sub-html=\"Courtesy of Lionheart Capital | This conceptual rendering from Lionheart Capital's website shows a proposed ski-in, ski-out hotel at the base of Peak 8 at Breckenridge Ski Resort, where the Miami-based firm plans to build a 150-room luxury hotel and over 100,000 square feet of wholly owned condominiums.\" class=\"h-100\">\n<div class=\"row no-gutters h-100\">\n<div class=\"col my-auto\" readability=\"9\">\n<div class=\"col my-auto\" readability=\"9\">\n<div class=\"caption\" readability=\"13\">\n<p><strong>This conceptual rendering from Lionheart Capital&#8217;s website shows a proposed ski-in, ski-out hotel at the base of Peak 8 at Breckenridge Ski Resort, where the Miami-based firm plans to build a 150-room luxury hotel and over 100,000 square feet of wholly owned condominiums.<\/strong><br \/>\nCourtesy of Lionheart Capital<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n<li data-thumb=\"https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2019\/05\/BGV-SDN-050619-1-150x150.jpg\" data-src=\"https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2019\/05\/BGV-SDN-050619-1.jpg\" data-sub-html=\"Courtesy of Lionheart Capital | This conceptual rendering from Lionheart Capital's website shows a proposed ski-in, ski-out hotel at the base of Peak 8 at Breckenridge Ski Resort, where the Miami-based firm plans to build a 150-room luxury hotel and over 100,000 square feet of wholly owned condominiums.\" class=\"h-100\">\n<div class=\"row no-gutters h-100\">\n<div class=\"row no-gutters h-100\">\n<div class=\"col my-auto\" readability=\"7\"><img decoding=\"async\" src=\"https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2019\/05\/BGV-SDN-050619-1-1.jpg\" alt=\"Future site of the hotel at the Peak 8 base area of Breckenridge Ski Resort seen on May 2, in Breckenridge.\"><\/div>\n<\/div>\n<\/div>\n<\/li>\n<li data-thumb=\"https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2019\/05\/BGV-SDN-050619-1-150x150.jpg\" data-src=\"https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2019\/05\/BGV-SDN-050619-1.jpg\" data-sub-html=\"Courtesy of Lionheart Capital | This conceptual rendering from Lionheart Capital's website shows a proposed ski-in, ski-out hotel at the base of Peak 8 at Breckenridge Ski Resort, where the Miami-based firm plans to build a 150-room luxury hotel and over 100,000 square feet of wholly owned condominiums.\" class=\"h-100\">\n<div class=\"row no-gutters h-100\">\n<div class=\"row no-gutters h-100\">\n<div class=\"col my-auto\" readability=\"7\">\n<div class=\"col my-auto\" readability=\"7\">\n<div class=\"caption\" readability=\"9\">\n<p><strong>Future site of the hotel at the Peak 8 base area of Breckenridge Ski Resort seen on May 2, in Breckenridge.<\/strong><br \/>\nHugh Carey \/ hcarey@summitdaily.com<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n<li data-thumb=\"https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2019\/05\/BGV-SDN-050619-1-150x150.jpg\" data-src=\"https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2019\/05\/BGV-SDN-050619-1.jpg\" data-sub-html=\"Courtesy of Lionheart Capital | This conceptual rendering from Lionheart Capital's website shows a proposed ski-in, ski-out hotel at the base of Peak 8 at Breckenridge Ski Resort, where the Miami-based firm plans to build a 150-room luxury hotel and over 100,000 square feet of wholly owned condominiums.\" class=\"h-100\">\n<div class=\"row no-gutters h-100\">\n<div class=\"row no-gutters h-100\">\n<p class=\"caption-toggle\"><a href=\"https:\/\/www.summitdaily.com\/news\/local\/breckenridge-grand-vacations-sells-its-interest-in-peak-8-hotel-project\/#\" class=\"show-captions\">Show Captions<\/a><a href=\"https:\/\/www.summitdaily.com\/news\/local\/breckenridge-grand-vacations-sells-its-interest-in-peak-8-hotel-project\/#\" class=\"hide-captions\">Hide Captions<\/a><\/p>\n<\/div>\n<\/div>\n<\/li>\n<li data-thumb=\"https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2019\/05\/BGV-SDN-050619-1-150x150.jpg\" data-src=\"https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2019\/05\/BGV-SDN-050619-1.jpg\" data-sub-html=\"Courtesy of Lionheart Capital | This conceptual rendering from Lionheart Capital's website shows a proposed ski-in, ski-out hotel at the base of Peak 8 at Breckenridge Ski Resort, where the Miami-based firm plans to build a 150-room luxury hotel and over 100,000 square feet of wholly owned condominiums.\" class=\"h-100\">\n<div class=\"row no-gutters h-100\">\n<p class=\"STND-STND BodyText DropCap\">Vail Resorts has sold just over 4 acres to Lionheart Capital, a Miami-based firm that intends to build a branded hotel and over 100,000 square feet of wholly-owned condos on the valuable piece of property at the base of Breckenridge Ski Resort\u2019s Peak 8.<\/p>\n<\/div>\n<\/li>\n<li data-thumb=\"https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2019\/05\/BGV-SDN-050619-1-150x150.jpg\" data-src=\"https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2019\/05\/BGV-SDN-050619-1.jpg\" data-sub-html=\"Courtesy of Lionheart Capital | This conceptual rendering from Lionheart Capital's website shows a proposed ski-in, ski-out hotel at the base of Peak 8 at Breckenridge Ski Resort, where the Miami-based firm plans to build a 150-room luxury hotel and over 100,000 square feet of wholly owned condominiums.\" class=\"h-100\">\n<div class=\"row no-gutters h-100\">\n<p class=\"STND-STND BodyText\">The local hands from <a id=\"N0x243d510N0x23dafc0:N0x243d510N0x234f770\" href=\"https:\/\/breckenridgegrandvacations.com\/\">Breckenridge Grand Vacations<\/a> \u2014 a purveyor of timeshares that helped guide talks \u2014 are absent from the project off of Ski Hill Road, however, since what was once a two-company development team negotiated a difficult agreement with Breckenridge Town Council <a id=\"N0x243d510N0x23db020:N0x243d510N0x234f800\" href=\"https:\/\/www.summitdaily.com\/news\/breckenridge-ready-to-finish-peak-8-with-luxury-hotel-condos\/\">in July<\/a> after elected officials rejected the project in <a id=\"N0x243d510N0x23db080:N0x243d510N0x234f890\" href=\"https:\/\/www.summitdaily.com\/news\/breckenridge-rejects-luxury-hotel-deal\/\">February 2018<\/a>.<\/p>\n<\/div>\n<\/li>\n<li data-thumb=\"https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2019\/05\/BGV-SDN-050619-1-150x150.jpg\" data-src=\"https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2019\/05\/BGV-SDN-050619-1.jpg\" data-sub-html=\"Courtesy of Lionheart Capital | This conceptual rendering from Lionheart Capital's website shows a proposed ski-in, ski-out hotel at the base of Peak 8 at Breckenridge Ski Resort, where the Miami-based firm plans to build a 150-room luxury hotel and over 100,000 square feet of wholly owned condominiums.\" class=\"h-100\">\n<div class=\"row no-gutters h-100\">\n<p class=\"STND-STND BodyText\">\u201cWe\u2019re pleased to be selling the East Peak 8 site to a prominent global developer with extensive experience in luxury hospitality and branded residences, and are looking forward to seeing Lionheart\u2019s vision for the parcel come to life,\u201d said James O\u2019Donnell, Vail Resorts\u2019 executive vice president of hospitality, retail and real estate, in an April news release. \u201cThe development will be a true asset to locals and guests from around the world.\u201d<\/p>\n<\/div>\n<\/li>\n<li data-thumb=\"https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2019\/05\/BGV-SDN-050619-1-150x150.jpg\" data-src=\"https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2019\/05\/BGV-SDN-050619-1.jpg\" data-sub-html=\"Courtesy of Lionheart Capital | This conceptual rendering from Lionheart Capital's website shows a proposed ski-in, ski-out hotel at the base of Peak 8 at Breckenridge Ski Resort, where the Miami-based firm plans to build a 150-room luxury hotel and over 100,000 square feet of wholly owned condominiums.\" class=\"h-100\">\n<div class=\"row no-gutters h-100\">\n<p class=\"STND-STND BodyText\">Adjacent to One Ski Hill Place, the developer is proposing a ski-in, ski-out, full-service branded hotel with about 150 rooms that would be managed by a subsidiary of <a id=\"N0x243d510N0x23db0e0:N0x243d510N0x234fa40\" href=\"http:\/\/www.vailresorts.com\/Corp\/index.aspx\">Vail Resorts<\/a>, which owns Breckenridge Ski Resort.<\/p>\n<\/div>\n<\/li>\n<li data-thumb=\"https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2019\/05\/BGV-SDN-050619-1-150x150.jpg\" data-src=\"https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2019\/05\/BGV-SDN-050619-1.jpg\" data-sub-html=\"Courtesy of Lionheart Capital | This conceptual rendering from Lionheart Capital's website shows a proposed ski-in, ski-out hotel at the base of Peak 8 at Breckenridge Ski Resort, where the Miami-based firm plans to build a 150-room luxury hotel and over 100,000 square feet of wholly owned condominiums.\" class=\"h-100\">\n<div class=\"row no-gutters h-100\">\n<p class=\"STND-STND BodyText\">In addition to the branded hotel, the scope of the project now includes approximately 35 residential condos along with a spa and fitness center; restaurant, bar and lounge; meeting space; and parking.<\/p>\n<\/div>\n<\/li>\n<li data-thumb=\"https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2019\/05\/BGV-SDN-050619-1-150x150.jpg\" data-src=\"https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2019\/05\/BGV-SDN-050619-1.jpg\" data-sub-html=\"Courtesy of Lionheart Capital | This conceptual rendering from Lionheart Capital's website shows a proposed ski-in, ski-out hotel at the base of Peak 8 at Breckenridge Ski Resort, where the Miami-based firm plans to build a 150-room luxury hotel and over 100,000 square feet of wholly owned condominiums.\" class=\"h-100\">\n<div class=\"row no-gutters h-100\">\n<p class=\"STND-STND BodyText\">Over the phone, BGV co-owner and CEO Mike Dudick expressed pride in his company\u2019s involvement in the Peak 8 project, as he confirmed BGV sold its interest in the development to <a id=\"N0x243d510N0x23db140:N0x243d510N0x234fbf0\" href=\"https:\/\/lheartcapital.com\/\">Lionheart Capital<\/a> about three weeks ago.<\/p>\n<\/div>\n<\/li>\n<li data-thumb=\"https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2019\/05\/BGV-SDN-050619-1-150x150.jpg\" data-src=\"https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2019\/05\/BGV-SDN-050619-1.jpg\" data-sub-html=\"Courtesy of Lionheart Capital | This conceptual rendering from Lionheart Capital's website shows a proposed ski-in, ski-out hotel at the base of Peak 8 at Breckenridge Ski Resort, where the Miami-based firm plans to build a 150-room luxury hotel and over 100,000 square feet of wholly owned condominiums.\" class=\"h-100\">\n<div class=\"row no-gutters h-100\">\n<p class=\"STND-STND BodyText\">\u201cWe\u2019re moving forward; it\u2019s just not on this hotel site,\u201d Dudick said.<\/p>\n<\/div>\n<\/li>\n<li data-thumb=\"https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2019\/05\/BGV-SDN-050619-1-150x150.jpg\" data-src=\"https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2019\/05\/BGV-SDN-050619-1.jpg\" data-sub-html=\"Courtesy of Lionheart Capital | This conceptual rendering from Lionheart Capital's website shows a proposed ski-in, ski-out hotel at the base of Peak 8 at Breckenridge Ski Resort, where the Miami-based firm plans to build a 150-room luxury hotel and over 100,000 square feet of wholly owned condominiums.\" class=\"h-100\">\n<div class=\"row no-gutters h-100\">\n<p class=\"STND-STND BodyText\">He described the sale of BGV\u2019s interest in the project as \u201ca mutually beneficial business transaction.\u201d He declined to provide financial details but said that BGV is already pursuing \u201cnew opportunities\u201d in town.<\/p>\n<\/div>\n<\/li>\n<li data-thumb=\"https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2019\/05\/BGV-SDN-050619-1-150x150.jpg\" data-src=\"https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2019\/05\/BGV-SDN-050619-1.jpg\" data-sub-html=\"Courtesy of Lionheart Capital | This conceptual rendering from Lionheart Capital's website shows a proposed ski-in, ski-out hotel at the base of Peak 8 at Breckenridge Ski Resort, where the Miami-based firm plans to build a 150-room luxury hotel and over 100,000 square feet of wholly owned condominiums.\" class=\"h-100\">\n<div class=\"row no-gutters h-100\">\n<p class=\"STND-STND BodyText\">After leaving his seat on Breckenridge Town Council <a id=\"N0x243d510N0x23db1a0:N0x243d510N0x234fe30\" href=\"https:\/\/www.summitdaily.com\/news\/breckenridge-town-council-member-resigns-over-perceived-conflict-of-interest-in-hotel-project\/\">last spring<\/a>, Dudick became the face of the Peak 8 project, which was being pursued at the time through a partnership between his company and Lionheart on land belonging to Vail Resorts.<\/p>\n<\/div>\n<\/li>\n<li data-thumb=\"https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2019\/05\/BGV-SDN-050619-1-150x150.jpg\" data-src=\"https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2019\/05\/BGV-SDN-050619-1.jpg\" data-sub-html=\"Courtesy of Lionheart Capital | This conceptual rendering from Lionheart Capital's website shows a proposed ski-in, ski-out hotel at the base of Peak 8 at Breckenridge Ski Resort, where the Miami-based firm plans to build a 150-room luxury hotel and over 100,000 square feet of wholly owned condominiums.\" class=\"h-100\">\n<div class=\"row no-gutters h-100\">\n<p class=\"STND-STND BodyText\">The negotiations hinged largely on developers seeking to move a historic amount of building density \u2014 stripped from a resort-owned parking lot in downtown Breckenridge \u2014 up to the base of Peak 8, on land that previously housed a Breckenridge Ski Resort administration building.<\/p>\n<\/div>\n<\/li>\n<li data-thumb=\"https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2019\/05\/BGV-SDN-050619-1-150x150.jpg\" data-src=\"https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2019\/05\/BGV-SDN-050619-1.jpg\" data-sub-html=\"Courtesy of Lionheart Capital | This conceptual rendering from Lionheart Capital's website shows a proposed ski-in, ski-out hotel at the base of Peak 8 at Breckenridge Ski Resort, where the Miami-based firm plans to build a 150-room luxury hotel and over 100,000 square feet of wholly owned condominiums.\" class=\"h-100\">\n<div class=\"row no-gutters h-100\">\n<p class=\"STND-STND BodyText\">Council members repeatedly expressed comfort with BGV\u2019s involvement in the project, but they were reluctant to approve the development agreement until the development team put together a package featuring a long list of public benefits and gained support for the project in the community.<\/p>\n<\/div>\n<\/li>\n<li data-thumb=\"https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2019\/05\/BGV-SDN-050619-1-150x150.jpg\" data-src=\"https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2019\/05\/BGV-SDN-050619-1.jpg\" data-sub-html=\"Courtesy of Lionheart Capital | This conceptual rendering from Lionheart Capital's website shows a proposed ski-in, ski-out hotel at the base of Peak 8 at Breckenridge Ski Resort, where the Miami-based firm plans to build a 150-room luxury hotel and over 100,000 square feet of wholly owned condominiums.\" class=\"h-100\">\n<div class=\"row no-gutters h-100\">\n<p class=\"STND-STND BodyText\">The benefits included a one-time gift and continual funding for <a id=\"N0x243d510N0x23db200:N0x243d510N0x2350070\" href=\"https:\/\/www.breckenridgerecreation.com\/locations\/open-space-trails\/cucumber-gulch-wildlife-preserve\">the Cucumber Gulch Wildlife Preserve<\/a>, in addition to new workforce housing and a nice boost for Breckenridge Outdoor Education Center, a local nonprofit that offers to people with disabilities and special needs the chance to participate in outdoor activities like skiing.<\/p>\n<\/div>\n<\/li>\n<li data-thumb=\"https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2019\/05\/BGV-SDN-050619-1-150x150.jpg\" data-src=\"https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2019\/05\/BGV-SDN-050619-1.jpg\" data-sub-html=\"Courtesy of Lionheart Capital | This conceptual rendering from Lionheart Capital's website shows a proposed ski-in, ski-out hotel at the base of Peak 8 at Breckenridge Ski Resort, where the Miami-based firm plans to build a 150-room luxury hotel and over 100,000 square feet of wholly owned condominiums.\" class=\"h-100\">\n<div class=\"row no-gutters h-100\">\n<p class=\"STND-STND BodyText\">Without BGV\u2019s help brokering the agreement, it\u2019s hard to believe elected officials would have approved it. Meanwhile, Dudick believes that BGV helped produce \u201ca better project\u201d with a host of the community benefits \u201ccodified, memorialized and protected\u201d in the agreement.<\/p>\n<\/div>\n<\/li>\n<li data-thumb=\"https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2019\/05\/BGV-SDN-050619-1-150x150.jpg\" data-src=\"https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2019\/05\/BGV-SDN-050619-1.jpg\" data-sub-html=\"Courtesy of Lionheart Capital | This conceptual rendering from Lionheart Capital's website shows a proposed ski-in, ski-out hotel at the base of Peak 8 at Breckenridge Ski Resort, where the Miami-based firm plans to build a 150-room luxury hotel and over 100,000 square feet of wholly owned condominiums.\" class=\"h-100\">\n<div class=\"row no-gutters h-100\">\n<p class=\"STND-STND BodyText\">\u201cI feel great about it in the sense of what\u2019s going to end up at the base of Peak 8,\u201d Dudick said, adding that a similar basket of benefits has never before been offered by any other developer in town.<\/p>\n<\/div>\n<\/li>\n<li data-thumb=\"https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2019\/05\/BGV-SDN-050619-1-150x150.jpg\" data-src=\"https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2019\/05\/BGV-SDN-050619-1.jpg\" data-sub-html=\"Courtesy of Lionheart Capital | This conceptual rendering from Lionheart Capital's website shows a proposed ski-in, ski-out hotel at the base of Peak 8 at Breckenridge Ski Resort, where the Miami-based firm plans to build a 150-room luxury hotel and over 100,000 square feet of wholly owned condominiums.\" class=\"h-100\">\n<div class=\"row no-gutters h-100\">\n<p class=\"STND-STND BodyText\">He applauded the more than 20,000 square feet of net new workforce housing that\u2019s coming with the project, which Dudick noted was far greater than the 3,500 square feet that\u2019s required to get 10 positive points for the project through the town\u2019s planning process.<\/p>\n<\/div>\n<\/li>\n<li data-thumb=\"https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2019\/05\/BGV-SDN-050619-1-150x150.jpg\" data-src=\"https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2019\/05\/BGV-SDN-050619-1.jpg\" data-sub-html=\"Courtesy of Lionheart Capital | This conceptual rendering from Lionheart Capital's website shows a proposed ski-in, ski-out hotel at the base of Peak 8 at Breckenridge Ski Resort, where the Miami-based firm plans to build a 150-room luxury hotel and over 100,000 square feet of wholly owned condominiums.\" class=\"h-100\">\n<div class=\"row no-gutters h-100\">\n<p class=\"STND-STND BodyText\">Dudick also said the new space on Peak 8 for BOEC \u2014 1,500 square feet of locker room and storage facilities \u2014 also likely wouldn\u2019t have happened, nor the money for Cucumber Gulch, without BGV\u2019s local understanding and hand in the negotiations.<\/p>\n<\/div>\n<\/li>\n<li data-thumb=\"https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2019\/05\/BGV-SDN-050619-1-150x150.jpg\" data-src=\"https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2019\/05\/BGV-SDN-050619-1.jpg\" data-sub-html=\"Courtesy of Lionheart Capital | This conceptual rendering from Lionheart Capital's website shows a proposed ski-in, ski-out hotel at the base of Peak 8 at Breckenridge Ski Resort, where the Miami-based firm plans to build a 150-room luxury hotel and over 100,000 square feet of wholly owned condominiums.\" class=\"h-100\">\n<div class=\"row no-gutters h-100\">\n<p class=\"STND-STND BodyText\">With that and more explicitly written into the development agreement, Dudick said, \u201cthe developer knows the ground rules to satisfy the community.\u201d<\/p>\n<\/div>\n<\/li>\n<li data-thumb=\"https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2019\/05\/BGV-SDN-050619-1-150x150.jpg\" data-src=\"https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2019\/05\/BGV-SDN-050619-1.jpg\" data-sub-html=\"Courtesy of Lionheart Capital | This conceptual rendering from Lionheart Capital's website shows a proposed ski-in, ski-out hotel at the base of Peak 8 at Breckenridge Ski Resort, where the Miami-based firm plans to build a 150-room luxury hotel and over 100,000 square feet of wholly owned condominiums.\" class=\"h-100\">\n<div class=\"row no-gutters h-100\">\n<p class=\"STND-STND BodyText\">In Vail Resorts\u2019 news release, Ricardo Dunin, a founding partner of Lionheart Capital, said that the Miami-based company plans to continue communications with the town.<\/p>\n<\/div>\n<\/li>\n<li data-thumb=\"https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2019\/05\/BGV-SDN-050619-1-150x150.jpg\" data-src=\"https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2019\/05\/BGV-SDN-050619-1.jpg\" data-sub-html=\"Courtesy of Lionheart Capital | This conceptual rendering from Lionheart Capital's website shows a proposed ski-in, ski-out hotel at the base of Peak 8 at Breckenridge Ski Resort, where the Miami-based firm plans to build a 150-room luxury hotel and over 100,000 square feet of wholly owned condominiums.\" class=\"h-100\">\n<div class=\"row no-gutters h-100\">\n<p class=\"STND-STND BodyText\">\u201cFollowing Lionheart\u2019s tradition of embracing the communities where we do business, we intend to keep working with the town to bring a very special project to Breckenridge,\u201d he said. \u201cHaving developed properties such as Le Sereno Hotel in St. Barths and two Ritz-Carlton projects in South Florida, we are thrilled to be adding a mountain resort to our portfolio.\u201d<\/p>\n<\/div>\n<\/li>\n<li data-thumb=\"https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2019\/05\/BGV-SDN-050619-1-150x150.jpg\" data-src=\"https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2019\/05\/BGV-SDN-050619-1.jpg\" data-sub-html=\"Courtesy of Lionheart Capital | This conceptual rendering from Lionheart Capital's website shows a proposed ski-in, ski-out hotel at the base of Peak 8 at Breckenridge Ski Resort, where the Miami-based firm plans to build a 150-room luxury hotel and over 100,000 square feet of wholly owned condominiums.\" class=\"h-100\">\n<div class=\"row no-gutters h-100\">\n<p class=\"STND-STND BodyText\">As for BGV, Dudick said the company is actively pursuing new opportunities in Breckenridge. He wouldn\u2019t say exactly what they might be or where those opportunities could take BGV, but when prodded for a hint, Dudick suggested it could be another large parcel owned by Vail Resorts.<\/p>\n<\/div>\n<\/li>\n<li data-thumb=\"https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2019\/05\/BGV-SDN-050619-1-150x150.jpg\" data-src=\"https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2019\/05\/BGV-SDN-050619-1.jpg\" data-sub-html=\"Courtesy of Lionheart Capital | This conceptual rendering from Lionheart Capital's website shows a proposed ski-in, ski-out hotel at the base of Peak 8 at Breckenridge Ski Resort, where the Miami-based firm plans to build a 150-room luxury hotel and over 100,000 square feet of wholly owned condominiums.\" class=\"h-100\">\n<div class=\"row no-gutters h-100\">\n<p class=\"STND-STND BodyText\">\u201cWe have bought and closed on land owned by Vail Resorts three times, and it\u2019s our hope we can do it again in the future,\u201d he said.<\/p>\n<\/div>\n<\/li>\n<li data-thumb=\"https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2019\/05\/BGV-SDN-050619-1-150x150.jpg\" data-src=\"https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2019\/05\/BGV-SDN-050619-1.jpg\" data-sub-html=\"Courtesy of Lionheart Capital | This conceptual rendering from Lionheart Capital's website shows a proposed ski-in, ski-out hotel at the base of Peak 8 at Breckenridge Ski Resort, where the Miami-based firm plans to build a 150-room luxury hotel and over 100,000 square feet of wholly owned condominiums.\" class=\"h-100\">\n<div class=\"row no-gutters h-100\">\n<p><a href=\"https:\/\/www.summitdaily.com\/news\/local\/breckenridge-grand-vacations-sells-its-interest-in-peak-8-hotel-project\/\" target=\"_blank\" rel=\"noopener noreferrer\">via:: Summit Daily<\/a><\/p>\n<\/div>\n<\/li>\n<\/ul>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>This conceptual rendering from Lionheart Capital&#8217;s website shows a proposed ski-in, ski-out hotel at the base of Peak 8 at Breckenridge Ski Resort, where the Miami-based firm plans to build a 150-room luxury hotel and over 100,000 square feet of wholly owned condominiums. Courtesy of Lionheart Capital Future site of the hotel at the Peak [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[99],"tags":[],"class_list":{"0":"post-795484","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-local-news"},"acf":[],"publishpress_future_action":{"enabled":false,"date":"2026-06-15 06:26:46","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"distributor_meta":false,"distributor_terms":false,"distributor_media":false,"distributor_original_site_name":"KSMT The Mountain","distributor_original_site_url":"https:\/\/alwaysmountaintime.com\/ksmt","push-errors":false,"_links":{"self":[{"href":"https:\/\/alwaysmountaintime.com\/ksmt\/wp-json\/wp\/v2\/posts\/795484","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alwaysmountaintime.com\/ksmt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alwaysmountaintime.com\/ksmt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/ksmt\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/ksmt\/wp-json\/wp\/v2\/comments?post=795484"}],"version-history":[{"count":0,"href":"https:\/\/alwaysmountaintime.com\/ksmt\/wp-json\/wp\/v2\/posts\/795484\/revisions"}],"wp:attachment":[{"href":"https:\/\/alwaysmountaintime.com\/ksmt\/wp-json\/wp\/v2\/media?parent=795484"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/ksmt\/wp-json\/wp\/v2\/categories?post=795484"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/ksmt\/wp-json\/wp\/v2\/tags?post=795484"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}