01-10-2016, 08:27 AM
Developer Laurus Corp has acquired from Lowe Enterprises for approximately US$90 million the Vail Cascade Resort & Spa, one of Vail, Colorado’s only true ski-in/ski-out hotels. Beginning in April, the 292-room resort will undergo a US$35 million transformation to be completed for the 2016/17 ski season as it joins The Luxury Collection Hotels & Resorts from Starwood Hotels & Resorts. Destination Hotels will continue to manage and operate the property.