Real estate development firms Merrimac Ventures and Fort Partners today announced several major milestones for Four Seasons Resort and Residences Telluride, a decades-in-the-making vision that will bring to fruition the region’s first luxury residential or hotel development in over 15 years. Merrimac and Fort Partners have broken ground on the $1 billion project and closed a landmark construction financing package. With over 30% of its inventory already sold and construction commencing this month, Four Seasons Resort and Residences Telluride is making impressive strides towards its anticipated completion in 2028.
Positioned on a premier 4.4-acre site in Mountain Village, the project is backed by the successful closing on the land and a $417 million construction loan from J.P. Morgan, one of the industry’s most respected financial institutions, with additional financing from CanAm Enterprises. Merrimac and Fort Partners worked hand-in-hand with the Town of Mountain Village, Telluride Ski and Golf, and TMVOA to secure the land and bring this generational project to life.
“Telluride feels like home to me. I’ve been coming here for 30 years and have built a deep, personal connection with this incredible town,” said Nadim Ashi, Founder and CEO of Fort Partners. “Bringing this vision to life with Merrimac — and having Four Seasons deliver its unparalleled service and experience here — has truly been a dream realized.”
Fort Partners, creator of the iconic Four Seasons Hotel and Residences at The Surf Club in Surfside, and Merrimac Ventures, its partner in bringing the Four Seasons brand to Fort Lauderdale, are now bringing the Surf Club vision of elevating a beloved locale into a world-class experience to Telluride.
“After more than seven years of dedication to this project, I could not be more thrilled to reach this incredible milestone,” said Dev Motwani, President and CEO of Merrimac Ventures. “This achievement would not have been possible without the support of exceptional local partners like Telluride Ski & Golf (TellSki), the Town of Mountain Village and TMVOA. We are fortunate to inherit such a remarkable site and destination, and to have the opportunity to build upon and complement the outstanding work they’ve already done here.
When my brother Nitin and I first approached Nadim about this partnership — building on our success together with Four Seasons Fort Lauderdale — it was clear that this project had the potential to set a new benchmark for luxury in Telluride and across the Mountain West. With the backing of world-class partners like J.P. Morgan and CanAm Enterprises, and the vision of our AD100 design teams at Olson Kundig and Clements Design, we’ve already achieved historic milestones. We are excited to break ground and bring this transformative project to life.”
Four Seasons Resort and Residences Telluride brings together an exceptional team whose work reflects reverence for place and a commitment to timeless luxury. Renowned architecture firm Olson Kundig leads the architectural design of the overall property and the interiors of the Private Residences, while AD100 interior design studio Clements Design is designing the interiors of the shared hotel spaces and Hotel Residences.
The development will offer 26 Private Residences ranging from two- to five-bedrooms, 43 Hotel Residences ranging from one- to four-bedrooms and 52 hotel keys, all offering panoramic views of Telluride’s most iconic peaks, including Mount Wilson, Campbell Peak and Palmyra Peak. Residences feature floor-to-ceiling windows and expansive terraces, while bedrooms and all hotel rooms will be equipped with in-home oxygenation systems to ease the effects of Telluride’s high altitude. Show-stopping penthouses crown the collection, offering private terraces, outdoor spa pools and uninterrupted panoramic views.
Designed to offer a seamless, resort-style living experience, residents will enjoy exclusive amenities including ski-in/ski-out access, ski valet and private lockers, a state-of-the-art fitness center, spa and recovery center, indoor lap pool, outdoor hot tub, underground parking and a private residents’ club. Owners will also benefit from the five-star services of the adjoining Four Seasons Resort, including on-demand car service, housekeeping, valet, butler service, wellness programming and more.
Pricing for current availability begins around $4 million. Bill Fandel of Compass and Brian O'Neill of Telluride Properties are leading sales. For more information or to schedule a sales appointment, please visit www.tellurideprivateresidences.com, email sales@tellurideprivateresidences.com or call 970-970-0707.
Image credit: Hayes Davidson
