Newmark Arranges $482.5 Million Loan for The Stockman, Auberge Collection in Steamboat Springs

PR Newswire··US·Read original
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Summary · why it matters

Newmark Group has arranged a $482.5 million loan on behalf of Stockman Development LLC, led by Marquee Development, to advance The Stockman, Auberge Collection, an ultra-luxury ski-in, ski-out resort that recently broke ground in Steamboat Springs, Colorado. The financing was provided by GoldenTree Asset Management, a global, employee-owned asset management firm with approximately $70 billion in assets under management. Newmark Co-President of Global Debt & Structured Finance Jordan Roeschlaub, Vice Chairman Nick Scribani, Managing Director Tyler Dumon and Director Holden Witkoff arranged the financing on behalf of the Sponsor. The Stockman will comprise 95 luxury branded residences and a 59-key hotel operated under the Auberge Resorts Collection, with OZ Architecture leading building design, interiors by Nunzio Marc DeSantis Architects and Berkshire Hathaway leading residential sales efforts. The development represents the next phase of Alterra's investment into the mountain following its $250 million "Full Steam Ahead" reinvestment program, which has transformed Steamboat Resort.

Impact on assets 2

Real Estate▲ · 1 stocks
Newmark Group Inc
NMRK
▲ PositiveCapitalrelevance

Newmark arranged a $482.5 million loan for The Stockman resort, a major debt-financing deal it brokered.

Energy Transition & Power Demand▲ · 1 stocks

Off-coverage companies 8

Alterra EnergyPrivate± Mixed
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Auberge Resorts CollectionPrivate± Mixed
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GoldenTree Asset ManagementPrivate± Mixed
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Marquee DevelopmentPrivate± Mixed
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Nunzio Marc DeSantis ArchitectsPrivate± Mixed
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OZ ArchitecturePrivate± Mixed
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Steamboat ResortPrivate± Mixed
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Stockman Development LLCPrivate± Mixed
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