News for the Hospitality Executive |
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 Tramline Development
About Terra Resort Group
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Contact:
Tramline Development
Terra Resort Group
Aspen Skiing Company
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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 |
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