Difference between revisions of "Directory:The Yellowstone Club"
| Line 112: | Line 112: | ||
• The Chapter 11 reorganization process eliminated all unknown liabilities, and positions Yellowstone Club with a clean balance sheet and favorable capital structure to ensure its future. As part of the reorganization process, ownership committed to turn over the Club assets to the membership once the development is complete, ensuring that the membership had long-term control over the club amenities and infrastructure. On request, more information about the Club’s ownership, development plans and operations is available to prospective Members. | • The Chapter 11 reorganization process eliminated all unknown liabilities, and positions Yellowstone Club with a clean balance sheet and favorable capital structure to ensure its future. As part of the reorganization process, ownership committed to turn over the Club assets to the membership once the development is complete, ensuring that the membership had long-term control over the club amenities and infrastructure. On request, more information about the Club’s ownership, development plans and operations is available to prospective Members. | ||
| − | |||
| − | |||
| − | |||
| − | |||
| − | |||
| − | |||
| − | |||
| − | |||
| − | |||
| − | |||
| − | |||
| − | |||
| − | |||
| − | |||
| − | |||
| − | |||
| − | |||
| − | |||
| − | |||
Latest revision as of 16:59, 25 March 2010
Yellowstone Club, the world’s only private ski and golf community, is set amidst the grandeur of the Rocky Mountains. The Club’s superior amenities, easy charm and overwhelming natural beauty present an incomparable venue for luxurious mountain living, year-round recreation, and cherished family traditions.
THE SETTING
Just west of the famed Gallatin River near the northwest corner of Yellowstone National Park and the picturesque mountain town of Big Sky, Montana, Yellowstone Club is nestled in the Rocky Mountains. 13,600 rolling acres are surrounded by 10,000-foot peaks, world-class skiing and blue-ribbon trout streams. Yet, as beautiful and untouched as its surroundings, Yellowstone Club is approximately one hour from Bozeman, Montana and minutes from US 191, giving Members and their guests access from major metropolitan areas throughout the country by either commercial airline or private jet service.
PRIVATE SKIING
Skiing at Yellowstone Club rivals the world’s top ski resorts. Offering 15 lifts, 60+ powder-drenched trails and dropping 2,700 vertical feet, the mountain receives an average total annual snowfall of approximately 300 inches. World-class ski features include:
• Trails ranging from relaxed, groomed runs to steep, above-treeline chutes to gladed skiing in deep powder
• Access to an additional 5,712 acres of skiable terrain at the adjacent public ski areas of Big Sky Resort and Moonlight Basin provide access to the largest contiguous skiable terrain in North America
• Private ski area served by 120,000-square-foot Warren Miller Lodge and 2 other lodges on the mountain
• A terrain park for snowboarders and skiers
• Expert instruction and guiding for skiers and snowboarders for all ages and experience levels
GOLF
Designed by former British Open and Senior Open champion, Tom Weiskopf, the 18-hole course provides breathtaking vistas fromevery hole, and is known as one of the most dramatic mountain golf courses in the world. Future golf amenities include:
• Mountain Lodge Golf Clubhouse
• Discovery Performance Center, providing state-of-the-art technology, 3-D motion capture and expert analysis to help improve performance for both golf and skiing
THE COMMUNITY
• Limited to 864 residential properties to protect exclusivity and exceptional, highly personalized service
• Residential options include: 2 to 7+ acre homesites, on-mountain chalets, lodge condominiums, custom designed residences and 160-acre private ranches
• Many of the properties offer ski accessibility or golf course frontage and spectacular views.
• The community employs a professional public safety and security staff, as well as a fully equipped Fire Department and an Emergency Medical Services team to provide immediate response to Members’ needs – 24 /7.
THE PRIVATE CLUB
• Deferred equity membership with extended family privileges
• 864 resident memberships and 150 national memberships
• Ski lodge, golf clubhouse, and 2 on-mountain lodges
• A variety of dining options ranging from inventive gourmet cuisine to “Montana casual”
• State-of-the-art fitness facilities with personal training, spa, treatment rooms, and locker rooms
• Members’ retail shops for fashion, activewear and summer and winter sporting equipment
• Business center
• Planned youth center featuring: a movie theater, rock climbing wall, indoor basketball, arts and crafts, dining, arcade games and programs just for the kids of Yellowstone Club
OUTDOOR PURSUITS PROGRAM
Discovery Land Company’s signature lifestyle and recreation concierge program is designed to assist Members with every aspect of enjoying their time at Yellowstone Club. In addition to helping with day-to-day duties, the Outdoor Pursuits team organizes group and personalized activities including:
• Hiking and backcountry adventures
• Ropes course, zip line, mountain biking and paintball
• Guided horseback riding
• Kayaking and whitewater rafting trips
• Fly fishing and other fishing excursions
• Wildlife trips to view elk, moose, bear and other animals
• Excursions into Yellowstone National Park
• Trips and tips to enjoy the 10,000 acres of backcountry open space inside Yellowstone Club
• Kids’ camps and field adventures
• Nordic skiing, snow shoeing, sledding and snowmobiling
Additionally, the Outdoor Pursuits team offers comprehensive youth services, providing daytime activities, day care and programming for children from six months to 17 years of age
RECENT HISTORY
Yellowstone Club Reorganization, 2008-2009
• Since inception more than $1.2 billion in real property and approximately 435 residential density units have been sold at the Club, and in excess of $300 million has been spent to create the existing infrastructure and amenities.
• On November 10, 2008, Yellowstone Club filed for relief under Chapter 11 of the United States Bankruptcy Code. The Club was unable to meet its financial obligations as a result of over-leveraging, including a $375 million loan that did not require all loan proceeds to be used for the benefit of the Yellowstone Club.
• An investment partnership led by CrossHarbor Capital Partners LLC and comprised of a large group of Yellowstone Club members and Discovery Land Company LLC, acquired Yellowstone Club on July 17, 2009. The Club’s reorganization was the result of a settlement agreement reached by all stakeholders during the Club’s Chapter 11 bankruptcy proceedings.
• Yellowstone Club is now fully stabilized with $195 million of equity and $80 million of debt. Approximately $100 million of the new equity is available for working capital purposes and future development initiatives, ensuring stable operations for the Club long into the future.
• CrossHarbor Capital Partners LLC and Discovery Land Company LLC are investing the majority of the new capital with a significant number of Yellowstone Club Members co-investing in the partnership.
• The Chapter 11 reorganization process eliminated all unknown liabilities, and positions Yellowstone Club with a clean balance sheet and favorable capital structure to ensure its future. As part of the reorganization process, ownership committed to turn over the Club assets to the membership once the development is complete, ensuring that the membership had long-term control over the club amenities and infrastructure. On request, more information about the Club’s ownership, development plans and operations is available to prospective Members.
Name: The Yellowstone Club
Address: One Yellowstone Club Trail PO Box 161097City: Big Sky
State: Montana
Zip: 59716
Country: USA
Phone: 888-700-7748 (USA Only) or 1-406-995-4900 (International)
Web: http://www.theyellowstoneclub.com
<sharethis />
