JMA Ventures Buys Residential Property at Lake Tahoe from Ritz-Carlton
Submitted by Editor on Thu, 12/08/2011 - 9:24am
San Francisco-based JMA Ventures has purchased a ski-in, ski-out residential property adjacent to The Ritz-Carlton, Lake Tahoe.
Located mid-mountain at the newest Vail Resorts-owned resort, Northstar California, the fully furnished, 2, 3, and 4 bedroom mountain homes built by the Ritz-Carlton Development Company are available this ski season for rent or sale as fully owned, private homes.
"We are thrilled to acquire such an incredible, one-of-a-kind property that offers an unparalleled slope-side experience," said Todd Chapman, CEO of JMA Ventures, LLC. "It is unique to be able to offer residents mid-mountain access to a ski resort owned by Vail Resorts plus access to the amenities offered by The Ritz-Carlton, Lake Tahoe. We are delighted to add this magnificent property to our portfolio."
JMA's holdings include Alpine Meadows and Homewood Mountain Ski Resort as well as West Shore Cafe and Inn in the Lake Tahoe area; Fairmont Heritage Place at Ghirardelli Square in San Francisco; and Waterbar and EPIC Roasthouse restaurants on San Francisco's revitalized Embarcadero waterfront.
JMA's plans call for the mountain homes to be available for the first time as full ownership. The homes are connected to The Ritz-Carlton, Lake Tahoe by a sky bridge and residents will have access to hotel amenities, including the mountain-side heated swimming pool and hot tubs, renowned spa, exercise facility and access to the Village at Northstar via a direct-access gondola.
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