Mammoth Hillside Property Update - Mammoth Lakes CA
Mammoth Hillside is in the process of getting the grading permit, which should be issued this summer. Their new partner on the project is Roger Staubach’s real estate development team, Cypress Equities, who will be controlling the project, owning the land and directing the development starting in June.
Ritz-Carlton is very sensitive to making the formal announcement until everything is completed as having a Ritz Carlton in Mammoth is a big deal for the town and a big deal for Ritz’s Southern California clients.
The project is still a Ritz, the difference will be that it will be Ritz Residences, not a condo-hotel product. As a result there are likely to be fewer “hotel room” suites and more villas. Those who made reservations will still receive first priority selection and preferred pricing, although the pricing is likely to go up a little bit due to construction cost increases.
Ritz-Carlton is very sensitive to making the formal announcement until everything is completed as having a Ritz Carlton in Mammoth is a big deal for the town and a big deal for Ritz’s Southern California clients.
More formal announcements will come later this summer once the grading permit is achieved.
Update from Christina Soloski, Mammoth Hillside - 6/6/2007