News for the Hospitality Executive
MetWest Realty Advisors Acquires Topnotch
August 18, 2011 (Jackson Hole, Wyoming) - MetWest Realty Advisors, through one of its affiliated entities, purchased Topnotch Resort and Spa in Stowe, Vermont. MetWest Terra Hospitality has directed operations at the award-winning New England resort since June 2010, and will remain in place as the property manager.
The acquisition of Topnotch by MetWest Realty Advisors demonstrates a deeper commitment to the hospitality sector and adds to a dynamic and diversified hospitality portfolio across the U.S., highlighted by the recently renovated Casa Madrona Hotel and Spa in Sausalito, CA.
MetWest Terra Hospitality currently oversees the hotel management, asset management, and renovation project management for a number of assets across the country. Richard Hollander, Chairman and CEO of MetWest Realty Advisors and MetWest Terra Hospitality explains, "The purchase of Topnotch Resort and Spa is a welcomed addition to our portfolio on both the principal and management sides."
The resort will be undergoing a multimillion-dollar capital investment plan to add to the value of the resort and enhance the experience of guests, onsite homeowners, members of the tennis club, and staff alike, all while providing increased economic support for the Stowe community. MetWest Terra Hospitality is committed to upholding the same high service standards exhibited across the rest of its management portfolio, specifically focusing on sustainability and a healthy working relationship with both the town of Stowe and the Topnotch homeowners.
"We are delighted to extend our role as the management company for Topnotch Resort & Spa and usher in a new generation for the resort," said Jamie Yarrow, President and Managing Partner of MetWest Terra Hospitality. "Topnotch has a powerful presence and prestige in the region and is a perfect fit in our hotel portfolio. We intend to make the service level and reputation of Topnotch Resort & Spa even stronger over the coming years through renovations and the implementation of solid management."
About Topnotch Resort
Topnotch Resort and Spa is a premier New England destination offering endless recreational pursuits in a luxurious atmosphere. Located on 120 acres near the town of Stowe, the resort currently offers 68 guest rooms and suites dressed in a European Country Manor style, with contemporary amenities and views of the Green Mountains. Topnotch also has a selection of luxurious two- and three-bedroom resort homes available for rent. Norma's Restaurant serves contemporary cuisine in a casual setting with an open and inviting kitchen. The Topnotch Spa covers 35,000 square feet and included 30 treatment rooms in which to experience over 120 treatments and services. For sport and leisure, the resort features a premier Tennis Center with four indoor and six outdoor courts, cross-country and downhill ski rentals, a state-of-the-art Fitness Center, an indoor pool with a cascading massage waterfall, a whirlpool/Jacuzzi, and two outdoor pools with mountain-views - one of which is heated year-round. Located at the foot of Mount Mansfield, Topnotch is a prime destination for all seasons. Pets are welcome in select guest rooms and suites. Topnotch Resort and Spa is part of MetWest Terra Hospitality and is also a member of Preferred Boutique and Preferred Pride.
About MetWest Realty Advisors
MetWest Realty Advisors is a commercial real estate private equity firm with over 20 years of real estate investing experience. Comprised of a dedicated team of investment professionals and operating partners, who provide expertise and value throughout the investment cycle, MetWest Realty Advisors employs a highly-disciplined, yet flexible approach to identifying and creating real estate investment opportunities, resulting in a diversified portfolio that leverages the skills of the team and mitigates risk. The Principals seek value add real estate opportunities in single transactions or portfolio acquisitions and are committed to patience and discipline in buying and selling investments with attractive risk/reward profiles. MetWest Realty Advisors invests across the real estate capital structure and in multiple asset classes, currently managing both debt and equity investments in retail, multi-family and hospitality.
About MetWest Terra Hospitality
The MetWest Terra team is comprised of a diverse group of capital managers, real estate professionals, and lifetime hotel operators. The team is led by Chairman Richard Hollander who builds upon nearly three decades of success founding and managing institutional investment strategies which at one point combined for total assets under management of over $80.0 billion. President Jamie Yarrow brings two decades of experience with Four Seasons Hotels and Resorts. MetWest Terra's ability to attract the top talent in the industry has allowed the company to outperform its competition and earn substantial credibility while still in its infancy stage. The Principals at MetWest Terra have previously held senior positions with a variety of noteworthy hospitality companies including Four Seasons, Rosewood and Fairmont as well as financial institutions including Price Waterhouse Coopers, Bear Stearns & Co., and ING Real Estate Finance. The team often draws on past experiences and utilizes the best management practices of each of these distinctly unique companies in forming the standards of service and operation management style that define MetWest Terra Hospitality as a hotel management company for the 21st century.
Hawkins International PR
Sicinski Appointed Executive Chef of Topnotch Resort and Spa in Stowe,
Vermont / May 2011
Resort Group and MetWest Ventures Form New Hospitality Company: MetWest
Terra Hospitality / September 2010
Black Appointed General Manager of Topnotch Resort and Spa in Stowe,
Vermont / August 2010
|Terra Resort Group Assumes Management of Topnotch Resort and Spa, in Stowe, Vermont / June 2010|