Huge Investments For Tamarack Resort Over Next Few Seasons

MMG Equity Partners, which acquired Tamarack Resort in 2018, has made significant investments of over $150 million in the resort community's development and expansion. One notable accomplishment is the completion of the initial phase of The Village at Tamarack, the resort's core amenity, featuring 40,000 square feet of retail and restaurant spaces and 130 luxury residences. Several enhancements have been made to the resort, including the following:Amenities + Dining Openings: The introduction of new food and beverage concepts such as The Reserve, Seven Devils Taphouse, Clearwater Coffee, Triple B Diner, El Pueblo Taqueria, Crusty's Pizzeria, and Sugarloaf Creamery. Additionally, Tamarack Outfitters offers retail, gear rentals, tune shop services, and tickets/passes.Infrastructure Additions: The installation of the Wildwood Lift, a high-speed detachable quad lift, to improve accessibility. The resort also houses an on-site Mountain Community Charter School, additional snowmaking capacity, more downhill trails for summer hiking and biking, and an employee housing village for seasonal and year-round employees.

Gabriel Navarro, the Managing Partner of MMG, expressed excitement about Tamarack Resort's unique appeal as a stunning four-season destination. It is the only resort in North America that offers skiing, golf, and a lake for recreational activities. Owning a home at Tamarack provides residents with access to a vast 3,500-acre backyard, promoting a connection with nature alongside convenient luxury living. MMG plans to further tap into Tamarack's potential by investing heavily in resort amenities and additional development.Several improvements are scheduled for the summer of 2023, including the reintroduction of golf with the Robert Trent Jones II Osprey Meadows Golf Course, an 18-hole championship course. Sugarloaf Creamery, an ice cream and sweet shop, will open in the Village during Memorial Day weekend. The Club at Tamarack, a private club for residents, will also launch, offering access to a new member's lounge and fitness center. Moreover, new green and blue ski runs will be introduced, and The Sugar Shack on Serenity will provide an on-mountain experience exclusively for Tamarack's Club Members. Looking ahead to later in 2023 and into 2024, Tamarack Resort plans to undertake additional developments, such as constructing a 200-slip marina on Lake Cascade for homeowners and public use. A mid-mountain lodge featuring a member's dining room for club members will be opened, along with the construction of a pool and hot tub at The Village. Additionally, a kids' club will be established in the Village.According to Navarro, the addition of new amenities is expected to drive property values higher, leading to an increase in current homeowners purchasing additional investment properties and upgrading to larger homes. Since its opening, Tamarack Resort has already sold over 500 homes and homesites. The new real estate offerings include Calvi Residences, fully furnished ski-in/ski-out condos in the Village starting at $950,000, Ponderosa Ridge Villas, contemporary villas located near Lake Cascade and the Osprey Meadows Golf Course with pre-construction pricing starting at $2.35 million, and Aspen Glade Custom Designed Homes & Homesites, featuring custom homesites starting at $479,000.Scott Turlington, President of Tamarack, emphasizes that Tamarack Resort holds a special place in the hearts of families and has evolved from a vacation home to a full-time residence and a cherished destination. With MMG's commitment to Tamarack's long-term success, they possess the confidence and capability to execute the vision outlined in their master plan, making Tamarack