The Ritz-Carlton Club Residences, Bachelor Gulch

Bachelor Gulch, CO

The Ritz-Carlton Bachelor Gulch project comprised two distinctly different residential products. The Penthouse Residences above The Ritz-Carlton included 23 ski-in/ski-out luxury residences ranging from two to five bedrooms. These units were sold on a whole ownership basis in December 1999. More than 100 offers were submitted for the 23 residences, which were sold in one day. The residences are located on the upper floors of the hotel and enjoy access to all hotel amenities and services. The Athens Group also developed The Ritz-Carlton Club, Bachelor Gulch, on a parcel immediately adjacent to The Ritz-Carlton Hotel. This 54-unit luxury condominium building consists of a mix of two- and three-bedroom units and was marketed as a fractional ownership vacation residential product. The units achieved substantial price premiums and sold out significantly faster than the pro forma absorption period.