Had a chance to tour the new Snake River Sporting Club facility located slope side in the base of the Teton Club building. This is a spectacular on site mountain amenity for the club as they try to increase their presence among the other premier memberships around the valley: Shooting Star, Amangani and the Four Seasons. Memberships for the 'Alpine Club' will be $60,000 for initiation, $2500/year for dues and the perks include valet parking, skier concierge, ski lockers and use of the dining room facility which offers tasty treats, comfortable sofas and a flat screen T.V. with the NFL package. Golf memberships are still $160,000 and $5000 for yearly dues, but not bad considering this course was just rated #2 in the country by Golf Digest and compared to the #1 rated club in North Carolina running $600,000 for initiation the SNRSC looks like a bargain. I have played the Sporting Club and it truly lives up to its new designation.
During the tour we heard some updates regarding the recent land sales and hotel happenings at the Village. With Terra I nearing completion and occupancy the blue prints for Terra II are now in play. Across from the Teton Mt. Lodge and the Terra buildings will be the new Little Nell Hotel. Here is a link to the hotel group's boutique project in Aspen: http://www.thelittlenell.com/
According the this website their current pricing for private residence units range from 3 bedroom dwellings at $1.7M to $3M for the four bedroom products. We have already crested the $4M range in the Four Seasons residences and with Terra closing products next month I believe Little Nell will yield $/square foot in the $3000 range in a few years.
The snow keeps coming down in Jackson! We are in the middle of a winter storm warning and the mountain is becoming filled in each day; 10 new inches last night with more on the way today and tonight. Check out some of these photos from last weekend. Bernie's was skiing great and we did a few laps off East Ridge chair in Rendezvous Bowl which was untracked and amazing for mid-December!
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