CALIFORNIA | SIERRA NEVADA | LAKE TAHOE
Condo-hotels to rise near Tahoe's Heavenly slopes
Ski resort owner Vail Resorts plans to operate a $420-million condominium-hotel and convention center project under development within walking distance of its Heavenly mountain gondola, executives said last week.
RockResorts International, a luxury hotel company owned by Colorado-based Vail Resorts Inc., will oversee development of two luxury condominium-hotels with 477 rooms, a 50,000-square-foot convention center, a spa, a 1.5-acre park and a collection of shops and restaurants, Vail Resorts said in a statement.
The Chateau, as the project formally called Lake Tahoe's Phase III will be known, is in the center of South Lake Tahoe, within 50 yards of the Heavenly Village mall and the gondola leading to the slopes. It will replace tourist T-shirt stores and gift shops.
Project developer Randy Lane of Lake Tahoe Development Co. said he expects construction to be completed in winter 2009.
Plans for the property include a conference center, a 4,400-seat concert hall, a 16,000-square-foot spa with 15 treatment rooms and an outdoor swimming pool. A collection of shops, boutiques and restaurants will offer shopping and dining options with underground parking for more than 700 vehicles, Lane said.
A 1.5-acre park and plaza will have outdoor seating, fire pits, a waterfall and a pond set among a network of pedestrian paths with access to a semiprivate beach on Lake Tahoe.
Vail Resorts has operated Heavenly Mountain Resort since acquiring it in May 2002.
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