Andre Agassi and Stefanie Graf to Develop Luxury Hotel and Residences at America's Newest All-Season Resort: Tamarack
Fairmont Hotels & Resorts to Manage Properties at the Idaho Resort's
Stunning Tamarack Village and Mid-Mountain Locations
NEW YORK, Dec. 22 /PRNewswire/ -- Andre Agassi and Stefanie Graf, through their company Agassi Graf Development LLC and Miami-based Bayview Financial
L.P., through its Real Estate Investment and Development Group, today
announced details of their luxury mountain hotel development at Tamarack
Resort, located in Donnelly, Idaho -- the nation's newest all-season resort.
Subject to certain terms and conditions being finalized, Fairmont Hotels &
Resorts will manage the luxury hotel and residences, featuring two locations:
a classic resort hotel located in Tamarack's village and a mid-mountain site.
This development will be the pinnacle hotel offering at the resort.
In addition to being financial investors in the project, Agassi and Graf
will be active in the development, design and overall lifestyle offering,
working closely with joint venture partners Bayview Financial, design team
Wilson & Associates and architecture firm VAg. Inc. The couple chose Tamarack
for their first lifestyle development because of its stunning natural
surroundings, ideal not just for skiing but for the unparalleled active
outdoor lifestyle it offers.
"Tamarack is the perfect location for anyone interested in taking a little
time out of their lives to get away or spend quality time with their family,"
said Agassi. "Our vision is to create an exceptional lifestyle offering that
complements the natural beauty and uniqueness of the resort. It's about
bringing the highest standard of quality and luxury to the whole experience."
The resort's village location, "Belvedere Ridge," will feature
approximately 225 condo-tel units, with scenic views of Tamarack's mountain,
championship golf course and Lake Cascade. Belvedere Ridge will also have a
private residence club including a European-style spa. "Whitewater" -- the
resort's mid-mountain location -- will feature an estimated 35 private
residences, all offering ski-in/ski-out access. Whitewater will offer a
personal concierge, a semi-private restaurant and an outdoor deck with
stunning mountain and lake views. Both properties are scheduled to break
ground during the summer of 2006 with completion anticipated in 2008, in
conjunction with the completion of Tamarack's village.
"We are delighted to be the selected manager for this first-class
development," said William R. Fatt, Fairmont's Chief Executive Officer. "We
have been looking for a U.S. resort destination with significant ski and golf
amenities to complement our current portfolio, and this development is the
perfect opportunity. The residential offerings will allow Fairmont to extend
its luxury brand to both guests and secondary home owners."
In addition to offering spectacular views, the resort will boast amenities
typical of Fairmont's luxury standards. Robbie Oppenheim, Managing Director
of Bayview Financial L.P.'s Real Estate Investment and Development Group,
commented: "The selection of Fairmont was made after an extensive search for a
partner that not only had expertise in operating complex, all-season mountain
properties but truly understood our vision for this project. As real estate
developers, we are thrilled having Fairmont as a partner and look forward to
working together to develop this special project."
To design the project, Agassi/Graf and Bayview Financial selected
internationally renowned architecture firm Wilson & Associates, whose varied
and global projects include The Palace of the Lost City in South Africa; Las
Ventanas al Paraiso in Cabo San Lucas; Atlantis Resort at Paradise Island,
Bahamas and many well-known properties in Las Vegas such as The Venetian and
The Mansions at MGM. Also collaborating on the project is Colorado-based
architecture firm VAg, Inc., which specializes in residential resort
architecture and prides itself on environmental awareness, a critical aspect
to the long-term vision at Tamarack and a shared focus for both architecture
firms. Wilson & Associates' work at Tamarack will incorporate natural
materials and the use of local artisans.
The development will begin taking reservations in early 2006 with sales
expected in late Summer, 2006. The telephone number for sales is 877-377-
About Agassi Graf Development LLC
Agassi Graf Development LLC is a real-estate development company focused
on the creation of luxury, resort and lifestyle-oriented offerings in
partnership with the industry's leading developers and brands. The company
specializes in developing the design and overall lifestyle component of real-
estate offerings under the direction and vision of Andre Agassi and Stefanie