HOTEL OPEN
The Montage Hotel and Residences
Adjacent to Yellowstone Club – Big Sky, Montana
An ultra luxury 99 room Hotel & 39 for-sale Residences opening in the fall of 2021.
EB-5 CAPITALIZATION
$55.7MM Loan
EXEMPLAR
Approved
I-526 APPROVALS
Approved
CONSTRUCTION COMPLETION
As of December 2021
%
OVERVIEW
- 99-Room 5-Star Luxury Montage Hotel
- 39 For Sale Private Residences with Yellowstone Club Membership
- $55,700,000 EB-5 Loan
- 45.1% Sponsor Equity
- Phase II of Successful Phase I EB-5
MONTAGE HOTEL
- As of March 31, 2021, the Montage Hotel & Residences surpassed the 79% construction completion mark and remains on track to complete on-time in Fall of 2021
- The hotel opening is expected to take place in Q4 2021
- Mountain retreats have been the beneficiary of COVID-19 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
- All 39 residences have been sold for $370MM (As of May 2021)
- Sales surged during the COVID pandemic, as of March 31, 2021 181 properties have sold at Yellowstone Club for $1.972 Billon since March 15th, 2020 (including Montage Residences)
- Total value of all residences is $368.6 MM
- 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 $415 MM, over $2 MM per key, making it the highest price-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 – 29 Year History
- 285+ Transactions – $21.0 Billion+ 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
- Over $ 6.1 Billion AUM (Assets under management)
Construction Updates
COMPLETED PHASE 1 EB-5 PROJECT
YC – Village Core: Phase 1
Big Sky, Montana
A PROVEN TRACK RECORD - PHASE 1 EB-5 SUCCESS
- 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
An Exclusive Private Ski and Golf Community
Yellowstone Club
Big Sky, Montana
The Yellowstone Club is one of the world’s most exclusive private ski and golf communities offering its members world-class security and privacy. In 2020, homes at the Yellowstone Club sold for $10.9 MM on average. To join this elite club, members need to purchase a residence and pay a $400,000 Initiation fee with annual membership fees of more than $47,000.