By Natalie Wong
JPMorgan Chase & Co. provided a $417 million construction loan for the development of a Four Seasons Resort and Residences just outside of Telluride in Colorado.
The $1 billion project — from real estate development firms Merrimac Ventures and Fort Partners — broke ground with the construction loan as well as additional financing from CanAm Enterprises, according to a statement Wednesday. The project will be the region’s first luxury residential or hotel development in more than 15 years, the firms said.
The development sits on a 4.4-acre (1.8-hectare) site and will include 26 private residences ranging from two to five bedrooms, as well as 43 hotel residences ranging from one to four bedrooms. It will also have 52 hotel keys with views of Mount Wilson, Campbell Peak and Palmyra Peak. Residents will have exclusive amenities like a ski valet, fitness center, spa, indoor lap pool and outdoor hot tub.
Pricing for remaining units starts at roughly $4 million. More than 30% of the project’s inventory has been sold. Completion is expected in 2028.
Sep 30, 2025
