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DONNELLY, ID-Agassi Enterprises and Bayview Financial have come to agreement with the owners of the new Tamarack Resort here for the development of a luxury hotel. Details on the hotel’s size, cost, operator and development timeline were not released and a company source was not available Thursday afternoon for comment.

Opened in late 2004, Tamarack is the first major all-season resort to open in the US in the past two decades. It is located on the shore of Lake Cascade and offers alpine skiing, hiking and biking, championship golf and water sports. President Bush just concluded a three-day vacation there.

The agreement follows a feasibility study conducted by PKF, a San Francisco-based hospitality consultant. According to Agassi Enterprises, KPF concluded that Tamarack Resort represents an excellent location for a mixed-use lodging development, likening the resort to the likes of Sun Valley, ID; Deer Valley, UT; Vail, Beaver Creek and Aspen, CO; Jackson Hole, WY; and Whistler, BC.

Agassi Enterprises is based in Las Vegas. Bayview Financial is based in Coral Gables, FL.

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