Mammoth Hillside Property Update - Mammoth Lakes CA
Mammoth Hillside is in the
process of getting the grading permit, which should be issued this summer. Their
new partner on the project is Roger Staubach’s real estate development team,
Cypress Equities, who will be controlling the project, owning the land and
directing the development starting in June.
The project is still a Ritz, the difference will be that it will be Ritz Residences, not a condo-hotel product. As a result there are likely to be fewer “hotel room” suites and more villas. Those who made reservations will still receive first priority selection and preferred pricing, although the pricing is likely to go up a little bit due to construction cost increases.
Ritz-Carlton is very sensitive to making the formal announcement until everything is completed as having a Ritz Carlton in Mammoth is a big deal for the town and a big deal for Ritz’sSouthern California clients.
The project is still a Ritz, the difference will be that it will be Ritz Residences, not a condo-hotel product. As a result there are likely to be fewer “hotel room” suites and more villas. Those who made reservations will still receive first priority selection and preferred pricing, although the pricing is likely to go up a little bit due to construction cost increases.
Ritz-Carlton is very sensitive to making the formal announcement until everything is completed as having a Ritz Carlton in Mammoth is a big deal for the town and a big deal for Ritz’s
More formal announcements will come later this summer
once the grading permit is achieved.
Update from Christina Soloski, Mammoth Hillside - 6/6/2007
Update from Christina Soloski, Mammoth Hillside - 6/6/2007
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