Dealmaker: Newmark Arranges $483M for Steamboat Springs Ski-in, Ski-out Resort

(Illustrations courtesy of Newmark)

Newmark Group, New York, arranged $482.5 million for Stockman Development LLC, led by Marquee Development, for The Stockman, Auberge Collection, a ski-in, ski-out resort that recently broke ground in Steamboat Springs, Colo.

GoldenTree Asset Management provided the financing.

Newmark Co-President of Global Debt & Structured Finance Jordan Roeschlaub, Vice Chairman Nick Scribani, Managing Director Tyler Dumon and Director Holden Witkoff arranged the financing.

The Stockman will include 95 residences and a 59-key hotel operated under the Auberge Resorts Collection. OZ Architecture is leading the building design, with interiors by Nunzio Marc DeSantis Architects. Berkshire Hathaway is leading residential sales efforts.

Located at the base of Steamboat Ski Resort, the project will provide direct access to Steamboat’s year-round recreational offerings, including skiing, hiking, mountain biking and fishing. The development represents the next phase of Alterra’s investment into the mountain following its $250 million “Full Steam Ahead” reinvestment program, which seeks to position the mountain as a year-round destination.