Big Burke announcement

[Masskier]

From Burke's web site;

"Growing Burke

Construction of the new 116-suite Hotel Burke is scheduled to begin with a groundbreaking ceremony on Tuesday, June 3, under the direction of PeakCM, whose President and Owner - Jerry Davis - was responsible for building the Tram Haus Lodge, Hotel Jay and Pumphouse Indoor Waterpark at Jay Peak. The new Hotel Burke will take inspiration from the Tram Haus Lodge at Jay Peak, but have a connection to Burke that is obvious and important. The Hotel and Conference center will open in November of 2015."

 

[thetrailboss]

I guess I'm still curious as to what the "connection is to Burke". Maybe their images don't show it, but it looks like the same building as the Tram Haus. That's a nice building, but I know that a lot of folks suggested that it be different.

And any progress regarding the KT issue?

 

[dlague]

I guess I'm still curious as to what the "connection is to Burke". Maybe their images don't show it, but it looks like the same building as the Tram Haus. That's a nice building, but I know that a lot of folks suggested that it be different.

And any progress regarding the KT issue?

It will frame Willoughby Gap?! It is on Burke land? Certainly not from the buildings appearance!

 

[MEtoVTSkier]

This weekend I was able to cruise up to the Mid-Burke and observed that there are a bunch of "PCM" construction barriers that have been recently offloaded in the middle lot.

I expect you to be updating your blog with construction photos & news! :-D

 

[thetrailboss]

It will frame Willoughby Gap?! It is on Burke land? Certainly not from the buildings appearance!

It will be a giant "Q" with the Gap in the middle.

 

[dlague]

This means that the old Mid Burke Lodge will be torn down!

 

[Masskier]

This means that the old Mid Burke Lodge will be torn down!

We will have it for another year

 

[VTKilarney]

The webcam is up for anyone interested in following construction.

 

[Highway Star]

I guess I'm still curious as to what the "connection is to Burke". Maybe their images don't show it, but it looks like the same building as the Tram Haus. That's a nice building, but I know that a lot of folks suggested that it be different.

It's central/northern VT architecture.....certainly not rocket science.

 

[MEtoVTSkier]

Dump truck just brought a load of gravel/stone...

 

[VTKilarney]

I was wondering if that is for parking lot maintenance or if it's for the hotel. Isn't the hotel supposed to be farther down, below the lift?

 

[thetrailboss]

Dump truck just brought a load of gravel/stone...

View attachment 12610

Hilarious that we have play-by-play commentary on this.

 

[from_the_NEK]

A load of crushed stone and two loads of gravel. Looks like they are done until more EB5 money can be found

 

[thetrailboss]

A load of crushed stone and two loads of gravel. Looks like they are done until more EB5 money can be found

Hey now that is one Green Card's worth of material

 

[dlague]

I was wondering if that is for parking lot maintenance or if it's for the hotel. Isn't the hotel supposed to be farther down, below the lift?

Yes down towards the back of that grass area behind the lift terminal.


i typed with my i thumbs using AlpineZone

 

[Big Wave Dave]

oh wait whats this the hotel IS being built? crow pie all around for lunch for alot of posters on this thread!

great news. Going to make it my duty to drink in the bears den at least once a week this winter. maybe we should change this thread to "saving the bears den"

 

[VTKilarney]

I've always said that I'd say that I was mistaken if ground was broken. And I was indeed mistaken. I didn't anticipate that they would break ground prior to being fully funded - and that's where I erred.

 

[SkiRaceParent]

I've always said that I'd say that I was mistaken if ground was broken. And I was indeed mistaken. I didn't anticipate that they would break ground prior to being fully funded - and that's where I erred.

Where you erred was that they are actually fully funded for the hotel, or Phase I as they called it. However, they aren't funded for future phases. Andrew told us this awhile ago.

With that said, where my attention turns now are the following:

(1) What will the impact of the new hotel be to operations and the revenue/profitability of the mountain?
(2) What other projects/phases, if any, will get funded?
(3) What other private investment in the area will get funded, now that the bed base is increasing?
(4) Will this lead to a reuniting of KT and QB, or is this going to empower QB even more on the MB side and keep them separate?

I for one, am also interested in the following. What viability to future owners, besides the bed base, will the hotel have as part of the package? I believe the hotel is owned by EB-5 holders, but if QB ever wanted to sell this mountain to another party, is there any financial incentive to the buyer to acquire the hotel, beyond just it being an asset that provides beds? In other words, would they be able to sell any rights in the hotel and any future cash flow? That may be the most interesting question, what strategic value, besides ancillary revenue streams off of those that can now stay at Burke, is there in this whole endeavor?

 

[Highway Star]

Dump truck just brought a load of gravel/stone...

View attachment 12610

Wow, this is serious, hard hitting news. Please keep the updates coming!!!

 

[Smellytele]

Well a couple of piles of dirt does not a hotel being built make.

Anybody have the link to the webcam? Yes I am bored.