Hotel Online
News for the Hospitality Executive

advertisement
 
 

Tramline Development Signs Letter of Intent with Aspen Skiing Company
to License the The Little Nell in Jackson Hole, Wyoming
.


 
September 28, 2007. (Jackson, WY) – Tramline Development LLC (Tramline) and Aspen Skiing Company LLC (ASC), owner of The Little Nell have executed a Letter of Intent (LOI) to pursue a licensing agreement for development of The Little Nell in Jackson Hole, located slope side to the Jackson Hole Mountain Resort.  The LOI will evolve into a binding agreement in ninety days, if both parties agree on terms.  The project is scheduled to break ground summer 2008 and will open in 2010.

This pending agreement reflects a continuation of planned expansion of The Little Nell brand which began with Residences at The Little Nell in Aspen and then The Little Nell Snowmass. The Little Nell in Jackson Hole will be the first licensing agreement outside of Aspen or Snowmass Village.  The hotel will be operated by Terra Resort Group, a hotel management company affiliated with Tramline Development.

“It is an honor to have the chance to be the caretakers of such an incredible brand like The Little Nell,” says Terra Resort Group President Jamie Yarrow. “It’s rare to find partners that share our values and passion for providing a luxury product, paired with a dedication to sustainability. The Little Nell is the perfect complement to Jackson Hole and the experience we will create for our guests.”  

“This development in Jackson Hole provides the perfect venue to bring The Little Nell experience to a new group of avid skiers and snowboarders and is in line with our goal of providing extraordinary experiences in extraordinary places,” says Mike Kaplan, president and CEO Aspen Skiing Company.
 
About Aspen Skiing Company
Aspen Skiing Company operates four destination mountains – Snowmass, Aspen Mountain, Aspen Highlands and Buttermilk – and is the home of the ESPN Winter X Games through 2010. Aspen/Snowmass also offers unparalleled nightlife and off-slope activities as well as four award-winning Ski & Snowboard Schools. Aspen/Snowmass is accessible by two of the most convenient airports in the mountains – Aspen/Pitkin County Airport (3 miles from Aspen) and Eagle County Airport (70 miles from Aspen). For more information on Aspen/Snowmass, please call 800/525-6200 or 970/925-1220, or visit the company’s website at www.aspensnowmass.com.

About Tramline Development
Tramline Development consists of Tramline Development LLC and Terra Development Group. Tramline Development LLC serves as the owner of the property in discussion while Terra Development Group will oversee the development. Tramline Development is managed by Rob DesLauriers, former professional skier and ski mountaineer and local hotelier involved in the Teton Mountain Lodge and Spa and Hotel Terra Jackson Hole. Terra Development Group is led by President Charles DesLauriers, who has been involved in development, investment, asset management, and operation of hotels and resorts in New England since 1956 and the mountain west since 2000.

About Terra Resort Group 
Formed in January 2007, Terra Resort Group boasts a highly credentialed pedigree of operational and business talent. Company President Jamie Yarrow calls on 18 years of experience with Four Seasons Hotels and Resorts, and brings several industry veterans to the Terra Resort Group team. With an innate understanding of luxury amenities, intuitive service and seamless operations, Terra Resort Group’s values as a company are grounded in environmental responsibility. The company takes an evolutionary approach to hospitality, where excellence and innovation works with conscientious business practices to create an exceptional guest experience. 

.
.
 
Contact:

 Tramline Development
Robert DesLauriers
rob.deslauriers@terraresortgorup.com

Terra Resort Group
Samantha Denny
samantha.denny@terraresortgroup.com
307.734.8750

Aspen Skiing Company
Jeanne Mackowski
jmackowski@aspensnowmass.com
970-300-7010

.
.
Also See: Starwood's St. Regis Residence Club, Aspen Considered a Success by all Parties, Including the Developer, Members and the Local Community / April 2007
.
.


 


To search Hotel Online data base of News and Trends Go to Hotel.OnlineSearch
Home | Welcome| Hospitality News | Classifieds| One-on-One |
Viewpoint Forum | Industry Resources | Press Releases
Please contact Hotel.Onlinewith your comments and suggestions.