Sub Markets

Property Sectors

Topics

Phoenix & Southwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Phoenix & Southwest  + Southwest  + Hospitality  | 

$60M Financing for Park City, UT’s St. Regis Deer Valley

Beverly Hills, CA-based Sonnenblick-Eichner Company arranged $60 million of financing for The St. Regis Deer Valley, a year-round destination resort located on the slopes of the Deer Valley ski area in Park City, UT. The property offers 67 hotel condominium suites divisible into 177 hotel keys and 25 private whole-ownership residences.

Funded by a domestic life insurance company in a highly structured transaction, proceeds of the non-recourse financing were used to refinance existing debt with a new long-term, fixed-rate loan. It will also provide for the development of the next phase of the resort, which will include additional condominium and hotel units, a destination restaurant and other resort amenities. Construction is anticipated to begin later this year or early 2019.

Sonnenblick-Eichner’s Elliot Eichner says, “This is the third financing that we have arranged for the ownership, including a $212.5-million construction loan and a subsequent permanent loan.”

For comments, questions or concerns, please contact Dennis Kaiser

Connect

Inside The Story

Connect With Sonnenblick-Eichner’s Eichner

About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Financing
  • ◦Development