AUCTION DATE CHANGE!
SEALED BID AUCTION - A unique opportunity to acquire all or part of a multi-season regional destination ski and summer resort that features a skiing experience of 2,200+ vertical feet that can be expanded to include over 3,300 vertical feet. The mountain includes a 3.2 mile, 6 passenger gondola, newly built gondola village, a mountain lodge, condominiums, a property management and leasing contract, newly designed indoor waterpark, golf course and golf course lots, development lands, restaurant, and retail and commercial space.
Interested Parties can bid solely on the indoor waterpark and the property management contract, the ski and summer resort, the golf course and development lands, the restaurant and other commercial space. Bids can also include any or all other features of the resort including bidding on its entirety.
Overview of Silver Mountain Resort
610 Bunker Ave., Kellogg, ID
Established in 1968, but reborn in 1996 as a full-service four season resort, Silver Mountain is located in the Pacific Northwest, just off Interstate 90 with three exit points and is approximately 70 miles east of Spokane International Airport. It is easily one of the most accessible skiing vacation resorts you will ever visit.
The Ski/Summer Resort is located on 1,600± privately owned acres and includes 73 ski trails, an on mountain lodge, snow tube park, 30+ miles of hiking & biking trails, amphitheatre and seven lifts.
The attractive Gondola Village features the Morning Star Lodge Hotel Condominiums (276 units), a commercial space suitable for an additional restaurant/pub, Noah’s Restaurant, and the Silver Rapids Indoor Waterpark, and the Galena Golf Course Community which is nearby.
The Silver Rapids Waterpark is a 42,000± sf, state-of-the-art facility built in 2009 for $21 Million with 11 features including a Flowrider® surf wave, lazy river, hot tubs, tube slides, body slides, splash decks, and cabanas. The park also includes a restaurant & bar and retail space. In 2010, Silver Rapids was voted by Huffington Post and Budget Travel as one of the top ten waterparks in the USA.
Sealed Bid Auction – March 19th, 2013
Sealed Bids are due March 19th at 3:00pm, EST.
Waterpark:
• 42,000± sf state of the art facility, built in 2009
• Retail shop, restaurant and full service bar
• 11 features including a Flowrider® surf wave, lazy river, hot tubs, tube slides, body slides, splash decks, and cabanas.
• Selected as one of the Top 10 indoor water parks in the USA in 2010
Property Management Contract:
• Rental management of 200+ Morning Star Lodge guest condominiums
• Morning Star Lodge Owner’s Association
• Galena Ridge Owner’s Association
Silver Mountain Ski Resort:
• 1,600± ac of resort owned property – Skiing / Snowboarding, Snow Tube Park, 30+ miles of hiking and biking trails, Summer amphitheatre
• 20,000± sf Mountain Haus Lodge – Gondola Terminal, Mountain Haus Grill and Moguls Lounge, Silver Mountain Sports, Snow Sports School, Childcare Center, Guest and Employee Locker Rooms
• 4 snow grooming machines
• Maintenance / storage facilities
• 40 Shoshone Employee Housing Apartments
Alhambra Land Development Site:
• Development site consisting of 300± timbered acres within the city of Kellogg, Idaho
• Preliminary approved planned unit development (PUD) of 1,100 residential/commercial units with opportunities for development of Ski-In, Ski-Out properties
• Expansion of Existing Skiing Terrain
Galena Ridge Golf Course and Lots:
• 575± timbered acres within the city of Kellogg, Idaho
• Approved for up to 900 residential / commercial units with mountain and city views - 91 home sites currently developed, 45 remain in developer inventory
• 18 hole, par 70 championship course - 9 holes opened in June of 2010, clearing is 75% complete on remaining 9 holes
• Unique mountain design with dramatic views and significant elevation changes
Gondola Village:
• Commercial Space including Noah’s Canteen Restaurant and Lounge, conference facilities, retail shops, real estate office
• 7,883± sf of raw space remains in developer inventory
• 11± ac parking lot
Inspections: By Appointment Only
Driving Directions: Take exit 49 (Bunker Avenue) off I-90 south 1/4 mile.
Distances (times are approximate): Coeur d'Alene: 35 miles (30 minutes), Spokane: 75 miles (1 hour), Seattle: 350 miles (5 hours), Tri-Cities: 205 miles (3 hours), Missoula: 130 miles (2 hours), Moscow: 120 miles (2 hours), Pullman: 131 miles (2.2 hours), Yakima: 270 miles (4 hours)
Contacts:
J. Murph Yule
jmyule@waterforddevelopment.com
617.510.4600 m
781.449.7380 w
A Sales Flyer is available under the documents tab. A signed Non-Disclosure Agreement must be submitted and approved before access to the Data Room will be permitted. The NDA can also be found under the documents tab.
Waterford Development and its professional advisors, including AmeriBid and EFA Partners, have been selected on an exclusive basis to conduct the multi-phase sealed bid/accelerated marketing process.
5% Buyers Premium. 1% Broker Participation for the Waterpark & Management Contract. 2% Broker Participation for the Ski Resort & Land Site. Judson Vannoy, Broker #BD35650.
