Ritz-Carlton to develop luxury ski residences at Mammoth

Posted by stephen on February 6, 2008

The Ritz-Carlton Hotel Company, LLC and Cypress Equities have agreed to develop and operate branded luxury residence in the heart of California’s Mammoth Mountain ski resort. The Ritz-Carlton Residences at Mammoth Hillside will feature a lavish spa and fitness center, swimming pool, several cozy fire pits, gourmet and express restaurants, ski valet services, and more. There will be approximately 180 whole-ownership units with one to four bedrooms ranging from 1,100 to 4,500 square feet. The residences are set to be open for the 2010 ski season and will be located adjacent to The Village gondola. The luxury properties can be expected for offering during the 2007/2008 ski season with prices starting at $2 million per unit.

Over the past decade, Mammoth has begun a transformation from a weekend destination for Los Angeles-area residents into all-year-round resort. The Village at Mammoth Mountain, where the new Ritz-Carlton will be located, is a key component of the resort’s new image.