Rare opportunity to invest in South America's largest ski resort
CBRE Capital Advisors Latin America has been tapped as the exclusive advisor to source a strategic partner for the expansion of Valle Nevado in Chile, the Southern Hemisphere’s largest ski resort.
Tim Gifford of CBRE Capital Advisors Latin America is managing the process on behalf of the ownership, a joint venture between two high-net-worth families. Jeff Woolson of CBRE’s Ski & Resort Properties team is also advising on the assignment.
“This offering represents a unique once-in-a-generation opportunity. It is extremely rare to see owners of such a high-profile destination resort open their doors to new potential strategic partners. We expect to see significant international interest in Valle Nevado due to its extensive expansion opportunities,” said Mr. Gifford.
Valle Nevado is South America’s premier and most prestigious ski resort, offering a total ski area boundary of 23,000 acres, with one of the highest mountain base elevations in the Americas at 3,025 meters (9,925 feet).
Key highlights of the offering include:
• More than 350,000 annual visitors
• Strong global brand recognition. Valle Nevado has more “Likes” on Facebook than any other ski resort in the world
• Conveniently located 37 miles from Santiago International Airport
• Three hotels offering a total of 600 beds
• 40 kilometers (131,233 feet) of marked ski runs accessed by 17 chair lifts
• Ability to develop over 1,265 additional ski-in/ski-out residential units
• Ability to significantly expand current lift accessible ski area
• More than $200 million invested in infrastructure and property
“Valle Nevado is already in a league of its own. The owners are interested in securing a strategic equity partner to help build out the ski resort and corresponding residential real estate offerings to help bring their vision to life,” added Mr. Gifford.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
