The Peaks Resort is a luxurious ski-in/ski-out resort located in the beautiful mountain town of Telluride, Colorado. The resort is known for its breathtaking views, world-class amenities, and exceptional service.
But who owns this magnificent property? Let’s take a closer look.
Ownership History
The Peaks Resort was originally developed by the Telluride Company, which was owned by Ron Allred. The resort opened its doors in 1992 and quickly became a popular destination for skiers and outdoor enthusiasts. However, in 2004, the Telluride Company filed for bankruptcy due to financial troubles.
After the bankruptcy, the resort was sold to a group of investors led by Chuck Horning of Horning Brothers LLC. The group purchased the property for $63 million and invested an additional $50 million into renovations and upgrades.
Current Ownership
In 2015, Chuck Horning sold his interest in The Peaks Resort to Florida-based investment company Gencom. Gencom is a leading international luxury hospitality and residential real estate investment firm with a portfolio of properties around the world.
Today, The Peaks Resort is managed by Hyatt Hotels Corporation under their Destination Hotels brand. Hyatt is one of the world’s largest hotel companies with over 900 properties in 65 countries.
Conclusion
In summary, The Peaks Resort in Telluride has had an interesting ownership history with Ron Allred’s Telluride Company being the original developer followed by Horning Brothers LLC and currently owned by Gencom. Despite changes in ownership over the years, The Peaks Resort continues to be one of Colorado’s premier ski-in/ski-out destinations offering guests unparalleled luxury and breathtaking mountain views.
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