Zeppelin gets construction loan for Winter Park project, eyes ski season opening

7.21D Zeppelin

A rendering of Zeppelin Development’s A-Frame Club hotel in Winter Park. (Courtesy of Zeppelin Development)

Zeppelin Development’s push into the high country is kicking into high gear.

The Denver-based development firm led by Kyle Zeppelin last week closed on a $5 million construction loan through FirstBank, enabling the company to begin construction of an A-frame village one shuttle stop away from the base of Winter Park Resort.

The 31 structures, each 460 square feet, will be operated like a hotel, likely renting for “the high $200s” a night, according to Vice President of Development Justin Croft.

“We are anticipating being open by mid-December,” Croft said.

The A-Frame Club, as the property will be known, is being constructed at 1008 Winter Park Drive, a wooded site backing up to the Fraser River. Zeppelin purchased the 2-acre site in February 2020 for $1.5 million.

The goal, Croft said, is to build a property that stands out amidst dated ski condos and uninspiring hotel buildings.

“There’s no reason that the quality of the design shouldn’t match the quality of the outdoor experience,” he said.

The purchase also included one building, which Zeppelin has already renovated. The ski shop that operated there is staying on as a tenant, and the remainder will be the hotel’s bar and restaurant, with cedar paneling, globe lights, leather booths and fireplaces — “a throwback to the heyday of the 1970s Colorado skiing scene,” Croft said.

While Zeppelin is most known for its work in RiNo — the firm has been gradually building out its Taxi campus for years, most recently with apartment buildings — the Winter Park project is one of two the company has in the mountains.

At the end of December, Zeppelin purchased the 130-year-old Western Hotel in Ouray, which he’s in the process of renovating. Croft said it could reopen in the late fall or early winter.

The A-Frame Club, however, isn’t just a one-off project to the firm, which anticipates building multiple sites. While no other sites have been selected, Zeppelin isn’t limiting itself to Colorado, nor to just ski towns.

And the firm expects strong business even when flakes aren’t coming down.

“We’re anticipating booking a lot of weddings at the property, as well as corporate retreats,” Croft said.

7.21D Zeppelin

A rendering of Zeppelin Development’s A-Frame Club hotel in Winter Park. (Courtesy of Zeppelin Development)

Zeppelin Development’s push into the high country is kicking into high gear.

The Denver-based development firm led by Kyle Zeppelin last week closed on a $5 million construction loan through FirstBank, enabling the company to begin construction of an A-frame village one shuttle stop away from the base of Winter Park Resort.

The 31 structures, each 460 square feet, will be operated like a hotel, likely renting for “the high $200s” a night, according to Vice President of Development Justin Croft.

“We are anticipating being open by mid-December,” Croft said.

The A-Frame Club, as the property will be known, is being constructed at 1008 Winter Park Drive, a wooded site backing up to the Fraser River. Zeppelin purchased the 2-acre site in February 2020 for $1.5 million.

The goal, Croft said, is to build a property that stands out amidst dated ski condos and uninspiring hotel buildings.

“There’s no reason that the quality of the design shouldn’t match the quality of the outdoor experience,” he said.

The purchase also included one building, which Zeppelin has already renovated. The ski shop that operated there is staying on as a tenant, and the remainder will be the hotel’s bar and restaurant, with cedar paneling, globe lights, leather booths and fireplaces — “a throwback to the heyday of the 1970s Colorado skiing scene,” Croft said.

While Zeppelin is most known for its work in RiNo — the firm has been gradually building out its Taxi campus for years, most recently with apartment buildings — the Winter Park project is one of two the company has in the mountains.

At the end of December, Zeppelin purchased the 130-year-old Western Hotel in Ouray, which he’s in the process of renovating. Croft said it could reopen in the late fall or early winter.

The A-Frame Club, however, isn’t just a one-off project to the firm, which anticipates building multiple sites. While no other sites have been selected, Zeppelin isn’t limiting itself to Colorado, nor to just ski towns.

And the firm expects strong business even when flakes aren’t coming down.

“We’re anticipating booking a lot of weddings at the property, as well as corporate retreats,” Croft said.

This story is for our paid subscribers only. Please become one of the thousands of BusinessDen members today!

Your subscription has expired. Renew now by choosing a subscription below!

For more informaiton, head over to your profile.

Profile


SUBSCRIBE NOW

 — 

 — 

 — 

TERMS OF SERVICE:

ALL MEMBERSHIPS RENEW AUTOMATICALLY. YOU WILL BE CHARGED FOR A 1 YEAR MEMBERSHIP RENEWAL AT THE RATE IN EFFECT AT THAT TIME UNLESS YOU CANCEL YOUR MEMBERSHIP BY LOGGING IN OR BY CONTACTING [email protected].

ALL CHARGES FOR MONTHLY OR ANNUAL MEMBERSHIPS ARE NONREFUNDABLE.

EACH MEMBERSHIP WILL ONLY FUNCTION ON UP TO 3 MACHINES. ACCOUNTS ABUSING THAT LIMIT WILL BE DISCONTINUED.

FOR ASSISTANCE WITH YOUR MEMBERSHIP PLEASE EMAIL [email protected]




Return to Homepage

POSTED IN Banking, Commercial Real Estate

Editor's Picks

Comments are closed.