Newmark Arranges $482.5M Loan for Steamboat Auberge

Newmark secured a $482.5 million loan from GoldenTree Asset Management on behalf of Stockman Development LLC, led by Marquee Development, to fund the construction of The Stockman, Auberge Collection [1]. Located at the base of Steamboat Ski Resort in Steamboat Springs, Colorado, the ultra-luxury ski-in, ski-out project features a 59-key hotel and 95 branded residences [[1], [2]].

Who arranged and provided the $482.5 million financing?

GoldenTree Asset Management provided the $482.5 million loan to sponsor Stockman Development LLC, a team led by Marquee Development [1]. As reported by Lodging Magazine, commercial real estate advisory firm Newmark arranged the debt placement [1]. The Newmark team executing the deal included Jordan Roeschlaub, co-president of global debt and structured finance; Nick Scribani, vice chairman; Tyler Dumon, managing director; and Holden Witkoff, director [[1], [2]].

What are the property details and scale of The Stockman?

The Stockman combines boutique lodging with high-end residential inventory at the base of Steamboat Ski Resort [1]. According to Hotel Business, the development program consists of a 59-key hotel operated by Auberge Resorts Collection alongside 95 luxury branded residences [2]. The project recently broke ground, representing one of the first true luxury resort developments delivered to the local market [[1], [2]].

Which firms are handling the project's design and residential sales?

OZ Architecture is leading the architectural building design, while Nunzio Marc DeSantis Architects oversees interior design [1]. The styling draws inspiration from the Western heritage of Steamboat Springs while incorporating contemporary fixtures and amenities [[1], [2]]. Residential sales operations for the 95 branded residences are directed by Berkshire Hathaway [1].

What amenities will the Auberge Resorts Collection property include?

The property offers direct ski-in/ski-out access to Steamboat Mountain alongside private owner and guest services [1]. Planned facilities include dedicated ski locker storage, private terraces, multiple food and beverage outlets, a swimming pool, a full spa, fitness facilities, and an owners' lounge [[1], [2]]. Outside the winter ski months, the property functions as a base for year-round mountain recreation, including hiking, mountain biking, and fishing [[1], [2]].

How does the development connect to Alterra Mountain Company's plans?

The Stockman marks the next chapter of investment following Alterra Mountain Company's $250 million "Full Steam Ahead" reinvestment program at Steamboat Resort [[1], [2]]. That capital campaign upgraded base infrastructure and on-mountain facilities, positioning Steamboat as an expanded year-round destination ready to support five-star hospitality offerings [2].