Andre Agassi and Stefanie Graf Finalize Development Agreement
Fairmont Tamarack, at Idaho's Tamarack Resort
SEPTEMBER 6, 2006 - Andre Agassi and Stefanie Graf, through their company Agassi Graf Development LLC, and Miami-based Bayview Financial LP(R), finalized an agreement to develop a luxury mountain project, Fairmont Tamarack, at Tamarack Resort, located in Donnelly, Idaho -- the nation's newest all-season resort. Fairmont Hotels & Resorts will manage the luxury hotel and residences, featuring two locations: a classic resort and spa located in Tamarack's village and a mid-mountain site. This development will be the pinnacle hotel offering at the resort. Sales are expected to begin in the first quarter of 2007 with the development's completion anticipated in 2009.
In addition to being financial investors in the project, Agassi and Graf will be active in the development, design and overall lifestyle offering, working closely with joint venture partners Bayview Financial LP(R), design team Wilson & Associates and architectural firm VAg, Inc. The couple chose Tamarack for their first lifestyle development because of its stunning natural surroundings, ideal not just for skiing but for the unparalleled active outdoor lifestyle it offers.
"Tamarack is the perfect location for anyone interested in taking a little time out of their lives to get away or spend quality time with their family," said Agassi. "Our vision is to create an exceptional lifestyle offering that complements the natural beauty and uniqueness of the resort. It's about bringing the highest standard of quality and luxury to the whole experience."
Fairmont Tamarack's village location, "Belvedere Ridge" will feature approximately 285 units (hotel, condo and penthouse residences), with scenic views of Tamarack's mountain, championship golf course and Lake Cascade. Belvedere Ridge will also have a private residence club including a Fairmont Willow Stream spa. "Whitewater" -- the resort's mid-mountain location -- will feature an estimated 50 private residences, all offering ski-in/ski-out access. Whitewater will offer a personal concierge, a semi-private restaurant and an outdoor deck with stunning mountain and lake views.
To design the project, Agassi/Graf and Bayview Financial LP(R) selected internationally renowned interior architectural design firm Wilson & Associates, whose varied and global projects include: The Palace of the Lost City in South Africa; Las Ventanas al Paraiso in Cabo San Lucas; Atlantis Resort at Paradise Island, Bahamas and many well-known properties in Las Vegas such as The Venetian and The Mansions at MGM. Also collaborating on the project is Colorado-based architecture firm VAg, Inc., which specializes in residential resort architecture and prides itself on environmental awareness, a critical aspect to the long-term vision at Tamarack, and a shared focus for both architecture firms. Wilson & Associates' work at Tamarack will incorporate natural materials and the use of local artisans.
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