Created date: September 5, 2023
Date last updated: September 5, 2023
Colliers is pleased to present this unparalleled opportunity to acquire the Beacon Mammoth Hotel & Residences Development Site (the “Property” or “Site”) in Mammoth Lakes, CA. The Property is a 5.37-acre development site in the premier “gateway” location to California’s preeminent ski area and summer destination – Mammoth Mountain – one of the best Alpine Skiing Mountains in the world.
The Site is situated in the heart of The Village at Mammoth (the “Village”) which is the epicenter of after-hours life at Mammoth Mountain. The Village contains a plethora of shops, restaurants, and condominium and hotel buildings. The Property is located directly across the street from The Village Gondola which transports skiers and other mountain enthusiasts to one of Mammoth Mountain’s “skier portals” where they can access the entire mountain.
The Property is generously zoned and allows for uses including condominiums and/or hotel rooms with mixed-use components. The Seller’s development scheme envisioned 454 residential units (hotel and branded condominiums), retail space, restaurants, hotel amenities, and 662 underground parking spaces (755 with valet parking).
The opportunity to acquire the Beacon Mammoth Site coincides with the renaissance of Mammoth Mountain. Since 2018, Alterra Mountain Company has been investing approximately $25 million annually for on-mountain improvements with plans for the complete redevelopment of the 1950’s circa Base Camp.
A hotel and residences project developed on the Beacon Mammoth Site will be Mammoth Lakes’ most desired location for hotel guests and homeowners. The Property offers a prospective investor/developer the opportunity to design and build a world-class hotel and branded-residential complex in California’s premier year-round vacation destination.