Mr. Kessler, who is known for building luxury, boutique properties, plans to re-position the Beaver Creek Lodge.  It will be operated as a condo-hotel and positioned as his newest AAA Four-Diamond Resort.  The 72-unit, all-suite hotel will undergo a complete renovation and repositioning of the hotel/condominium units and the restaurant, including new custom designed furnishings, fixtures, carpeting, wall coverings and amenities.  The restaurant will be operated by The Kessler Collection and positioned as an upscale-casual dining experience.  Kessler plans to sell

Beaver Creek Lodge  26 Avondale Lane Beaver Creek, Colorado

Using natural tones of gold with brown, black and red accents, The Kessler Collection aspires to highlight the natural beauty of the Lodge to achieve an upscale relaxed atmosphere. 

All guest rooms will feature a �Colorado chic' décor comprised of studded-leather headboards, luxury bedding with down comforters, fur throws, suede pillows, unique artwork and iron and custom designed furniture.  New kitchenettes with custom cabinetry, granite counter tops and new appliances will also be integrated into each of the units.  Additional amenities will include wireless Internet access, speakerphone, hairdryer, L�Occitane bath amenities, upgraded bath towels, robes and slippers.

Onsite amenities include a fitness center, indoor/outdoor pool, hot tub, steam room, sauna and ski and golf lockers.  Area amenities include skiing, golfing, biking, horseback riding and fishing.  Approximately 5,000 square-feet of flexible meeting space is available and can accommodate groups ranging from 10 to 150 people.

"I am pleased to have this opportunity to expand our hospitality presence into the Vail Valley market," said Kessler. "We pride ourselves in delivering exceptional products and services in our hotels and restaurants."

Beaver Creek Lodge shares the legendary name and refined standards of Richard C. Kessler�s hotel collection.  The Kessler Collection includes the AAA Four-Diamond Casa Monica Hotel in historic, St. Augustine, FL; the AAA Four-Diamond Westin Grand Bohemian in Orlando- rated number one in the world in guest satisfaction by Starwood Hotels in Resorts; the AAA Four-Diamond Celebration Hotel in Celebration; Doubletree Castle Hotel in Orlando; Sheraton Studio City Hotel in Orlando; Red Horse Inn in Orlando; and the Sheraton Safari Hotel� an affiliated property, in Orlando; the Kessler Canyon in Grand Junction, CO; the historic Kehoe House and the chic and luxurious Mansion on Forsyth Park and in Savannah � slated to open March 2005.