The Montage Hotel
and Residences

Adjacent to Yellowstone Club – Big Sky, Montana

EB-5 CAPITALIZATION

$63.5MM Loan

Exemplar

Approved

I-526 APPROVALS

Approved

OVERVIEW

  • 99-Room 5-Star Luxury Montage Hotel
  • 39 For Sale Private Residences with Yellowstone Club Membership
  • $63,500,000 EB-5 Loan 
  • 45.1% Sponsor Equity
  • Phase II of Successful Phase I EB-5

MONTAGE HOTEL

  • As of December 15, 2020, the Montage Hotel & Residences surpassed the 67% construction completion mark and remains on track to complete on-time in October of 2021
  • The hotel opening is expected to take place in November 2021 prior to the opening of the ski season on Thanksgiving weekend
  • Mountain retreats have been the beneficiary of COVID-19 sales as people have been flocking to the mountains in the US for social distancing and safety

MONTAGE RESIDENCES

  • Limited collection of 39 residences elevating mountain living to its highest standard
  • 24 of 39 residences have already pre-sold for $203 MM (23 fully contracted, 1 reserved) (January 2020)
  • Sales surged during the COVID pandemic, to-date 115 properties have sold at Yellowstone Club for $1.140 Billon since March 15th, 2020 (including Montage Residences)
  • Total value of all residences is $368.1MM
  • Two- to six-bedroom residences from 2,300 to 8,100 square feet
  • Purchase of a Montage Residence allows the buyer to join Yellowstone Club
  • Buyers have the option to participate in the Montage rental program
  • Access to Montage Hotel guest amenities
  • Dedicated residential staff
  • 24-hour security, concierge, housekeeping and maintenance services

MONTAGE INTERNATIONAL

  • An artistic collection of distinctive luxury hotels, resorts and residences in stunning locations such as Laguna Beach, Beverly Hills, Hawaii, Park City, Bluffton, Mexico
  • Winner of multiple recognitions and awards such as The Conde Nast Traveler Gold Rank & AAA Five Diamond Award
  • Montage Beverly Hills recently sold for estimated $415 Million for over USD $2 Million per key making it the highest per-room sale price in the United States in 2019 and The highest per-room sale price in the history of California

CROSSHARBOR 

  • Sponsor / Developer – 27 Year History
  • 270+ Transactions -$17.0B+ in Real Estate Value with 11 Separate Investment Funds
  • Manage over 90 Institutional Investors including Pension Funds, Endowments, Sovereign Wealth Funds, and 50+ High-Net- Worth-Families
  • CrossHarbor Capital owns over 80% of the Developable Land in Big Sky, including Moonlight Basin, Yellowstone Club, and Spanish Peaks (over 25,000 acres in total)
  • Over last 11-years, has Developed, Constructed, and Sold over $5.0B+ of Real Estate in the greater Yellowstone Club area

Construction Updates

PHASE 1 EB-5 SUCCESS

The Yellowstone Club

Big Sky, Montana

PROVEN TRACK RECORD

  • Montage is Phase II of Multi-Phased EB-5 Development with EB5 United and CrossHarbor
  • Phase I Raised $23MM of EB-5 for the Yellowstone Club
  • The EB-5 loan was repaid in full plus all interest on 21st Feb, 2020
  • Phase I Created over $400MM in Condo Sales – 48 of 48 units sold
  • Exemplar and I-526 approvals for Phase I
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