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The Irvine Company – Hotel Portfolio

Acted as corporate asset manager to the company’s portfolio of owned / managed hotel properties, and hotel ground leases.

 

As part of Business Planning Dept. role, oversight of hotel division operation for purpose of asset management and corporate Board operational results reporting.

 

Properties under asset management included the Four Seasons Newport Beach (now The Island Hotel Newport Beach) and the Irvine Hilton (now Hyatt), as well as a portfolio ground leases related to additional commercial lodging and resort facilities.

 

The Irvine Company hotel portfolio, including ground lease interests, is part of a century-old, privately held company based in Orange County, California, and specializing in real estate development. The company is best known in Orange County as the developer of master-planned communities and quality commercial office, retail, and industrial properties throughout California. The Irvine Company grew out of the 185 square mile ranch founded by James Irvine and two other partners in 1864 from Mexican and Spanish land grants. The ranch at one time covered well over a fifth of Orange County, California.

 

 

Banning Lewis Ranch Acquisition

Acquisition and property management of master-planned landholding on behalf of a major offshore investor client, Banning-Lewis Ranch was purchased from the Resolution Trust Corp. for $18.5 million. The property had been assembled, acquired, and held for development by well-known Colorado entrepreneur Frank Aries, through more than $200 million in investment in infrastructure and land purchases. The property was re-sold several years later for $60 million.

 

Banning-Lewis Ranch is a highly strategic landholding, existing essentially as the entire direction of growth for metropolitan Colorado Springs, encompassing more than 20 square miles along the city’s eastern edge.

 

Aspen Meadows Resort Townhomes

Savanah Limited Partnership owned townhomes situated on land that comprised The Aspen Institute, as well as lands desired for ownership by The Institute. As a goodwill gesture to the community and in exchange for right to renovate and sell its on-site townhomes, SLP entered into an agreement transferred designated lands to The Institute.

 

Aspen, Colorado ranks as one of the world’s top resort destinations, known both for its skiing and Winter sports, as well as its considerable year-around cultural and intellectual pursuits. The Aspen Institute is known worldwide for its schedule of events. As well, Aspen has emerged as a mecca and playground for the wealthy and celebrities – both famous as well as infamous.

 

Aspen (Pitkin County) was founded as a mining camp during the Colorado Silver Boom and named for the abundance of aspen trees in the area. The city emerged as a ski area after World War II, with the foundation of Walter Paepcke’s Aspen Skiing Company.