Vail owns Beaver Creek, as well as Vail, which is 12 miles tothe east. Vail's partner in the development is an affiliate ofContinental Glencom, which also is an owner of the Ritz-Carlton inPhiladelphia and Key Biscayne, FL.
The Athens Group of Phoenix is developing the Beaver Creekproject, which has been heralded as the first five-starRitz-Carlton Hotel at any ski resort in the world. Ritz-Carltonalso is building a 73-unit luxury timeshare development atColorado's Aspen Highlands.
The Beaver Creek project, scheduled to open around Christmas2002, will have a 20,000-sf spa and fitness center, ski rentallessons and retail space, restaurants and 12,000 sf of meetingspace.
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