Flynn Properties Secures $30M Refinancing for Telluride Resort
Varde Partners provides loan for The Madeline Hotel, Auberge Resorts Collection
Flynn Properties has secured a $30 million refinancing for The Madeline Hotel, Auberge Resorts Collection, an 83-key luxury resort with 56 separately-owned condominiums in the popular mountain town of Telluride, CO.
JLL worked on behalf of the borrower to secure the five-year, floating-rate loan through Värde Partners.
The resort was originally built in 2009 and underwent extensive renovations in 2020 and 2021. Designed as a luxury mountain lodge, the Madeline is part of the main plaza in the Town of Mountain Village, a European-style resort town situated on a bluff above the valley floor of the San Juan Mountains and is adjacent to the Telluride Ski Resort. The towns are connected by a gondola, which provides a 13-minute ride between the two towns and can transport 480 people per hour. In addition to skiing, the area is a destination for festivals, golfing, hiking, camping, rock climbing and other outdoor activities.
The JLL Capital Markets Debt Advisory team representing the borrower was led by Senior Managing Director Jordan Angel, Executive Vice President Jeffrey Bucaro and supported by Associate Ethan Habecker.