Range Equity Management Secures Significant Financing
An affiliate managed by Range Equity Management, L.P. (REM), Lodging Capital Partners (LCP), and funds managed by Oaktree Capital Management, L.P. has executed a substantial financing of $99 million. This financing is specifically secured by the 254-key Viewline Resort and the 158-key Wildwood Hotel.
Understanding the Properties
The Viewline Resort Snowmass Autograph Collection is ideally situated mid-mountain, promising an exceptional ski-in/ski-out experience. It serves as a family-friendly destination, boasting 254 guest rooms, including 20 luxurious suites, a sophisticated spa, and a private ski and bike concierge. Adding to its allure, the resort features a heated pool with a terrace, a fitness center, and ample event space, including the adjacent Viewline Event Center.
Complementing the Viewline, the Wildwood Hotel offers a recently upgraded, cozy atmosphere just moments away from the vibrant Snowmass Village. Together, these properties represent a unique blend of luxury and functionality, designed to elevate the guest experience for all seasons.
Partnership and Financing Details
REM has a history of collaboration with the ownership group, which includes High Street Real Estate Partners, ACRON Group, and RGP Partners. The recent loan enables the refinancing of these remarkable properties, setting a solid foundation for future growth.
"We have maintained a long-standing deep relationship with the borrower group and Bill Hodges. We are pleased to provide this refinancing solution to ownership," remarked Andrew Gindy, Managing Partner with REM. This connection highlights the trust and cooperative spirit shared among the partners.
Bill Hodges, Managing Partner with High Street, also expressed his enthusiasm: "This refinancing provides a strong foundation for the ownership group to continue elevating the Properties as a premier resort destination in the Aspen-Snowmass market. Andy and his team have been valued partners for many years, and we're grateful for their support as we advance our value-creation efforts."
About the Financing Partners
Range Equity Management (REM)
Founded in 2024, REM is a private investment platform operating out of Los Angeles. The firm focuses on capitalizing on operational real estate opportunities and engages in discreet investments across various property types, including lodging, gaming, and multifamily units. With a wealth of transaction experience and a commitment to generating positive returns for investors, REM stands as a significant player in today's real estate landscape.
Lodging Capital Partners (LCP)
Established in 2005, LCP has emerged as a key owner and asset manager of upper-upscale and luxury hotels. Their extensive portfolio boasts a valuation exceeding $1.5 billion, backed by a team with over 105 years of combined industry experience. LCP has played an instrumental role in over $5 billion worth of property transactions, promoting growth in the hospitality sector.
Oaktree Capital Management
As a preeminent leader among global investment managers, Oaktree specializes in alternative investments, overseeing assets worth approximately $205 billion. With a focus on a risk-controlled, value-oriented investment strategy, Oaktree has established itself as a trusted name in the field, enhancing its global presence through a thorough understanding of market dynamics.
Insights into the Ownership Group
High Street Real Estate Partners
High Street is a privately held real estate investment firm managing over $1 billion in assets. Their dedication to acquiring premier hospitality and multifamily assets in growth markets has contributed to their strong reputation. They emphasize aligning market fundamentals with seasoned operators to deliver exceptional value across various market cycles.
ACRON Group
Founded in 1981, ACRON offers global expertise in real estate investments, managing first-class assets across stable markets worldwide. With its dual headquarters in Switzerland and the United States, ACRON also has business entities in countries such as Luxembourg and Germany, showcasing its international perspective and commitment to quality.
RGP Partners
RGP, created in 2019, focuses on investment in real estate and provides comprehensive services in development, brokerage, and management. With a commitment to community enhancement and a track record of over $3 billion in transactions, RGP aims to create positive impacts wherever they invest.
Frequently Asked Questions
What is the total amount of financing secured?
The total financing secured by Range Equity Management and its partners amounts to $99 million.
What properties are included in this financing?
The financing covers the Viewline Resort, which has 254 keys, and the Wildwood Hotel, which has 158 keys.
Who are the key partners involved in this financing?
The key partners include Range Equity Management, Lodging Capital Partners, Oaktree Capital Management, High Street Real Estate Partners, ACRON Group, and RGP Partners.
What is the purpose of the financing?
The purpose of the financing is to facilitate the refinancing of the properties to support their ongoing elevation as premier resort destinations.
When was Range Equity Management founded?
Range Equity Management was established in 2024 as a private investment platform in Los Angeles.
