DENVER – Sept 28, 2021 – Real Capital Solutions (RCS) has partnered with Los Angeles‐based Lowe in the ownership entity of Suncadia Resort, a 6,400‐acre premier all‐season resort located 80 miles outside of Seattle, Washington. The recapitalization establishes Real Capital Solutions of Denver, Colo. as a member and majority owner of Suncadia Resort, LLC.
Lowe will continue as Suncadia’s managing member, asset manager and development manager of the ongoing development of the Suncadia and Tumble Creek communities. Lowe’s hospitality subsidiary, CoralTree Hospitality, continues to manage the lodging options and amenities at the Resort through a Destination by Hyatt franchise.
“The addition of Suncadia is a major accomplishment for Real Capital Solutions (RCS),” said Managing Vice President of Acquisitions, Adam Abeln. “The Suncadia community has been under Lowe’s oversight for nearly two decades. We are excited to work with a partner that we can trust to handle the many complexities associated with operating a growing world‐class resort community.”
The esteemed resort offers top‐tier amenities such as residential and vacation rentals, luxury lodging, two championship golf courses, a renowned on‐site spa and more. The year‐round Destination by Hyatt property overlooks the Cle Elum River Valley and is surrounded by Washington’s treasured Cascade mountain range.
“With a committed partner in Real Capital Solutions, we will maintain the resort’s high standards and expand and improve the property as we continue to deliver on our original vision for Suncadia as a premier all‐season destination that provides a superior experience our guests and residents for generations to come”, said Rob Lowe, co‐CEO of Lowe.
Real Capital Solutions brings extensive experience with developing high‐end resort and golf communities, and other luxury developments throughout coastal California, Florida., Oregon, and Colorado. Real Capital Solutions and Lowe have a successful track record of collaboration including a previous partnership in a residential investment and development project in the Denver area.
About Suncadia Resort
Located 80 miles east of Seattle, the 6,400‐acre Suncadia Resort features guest suites and penthouses, a variety of upscale rental homes, several dining options, a LEED Silver‐Certified spa, swim and fitness center, two championship golf courses (Prospector and Rope Rider), and conference facility. Suncadia offers several real estate opportunities, including the Tumble Creek, an exclusive enclave spanning 2,600 acres with a collection of homes and homesites and community amenities that include a private Tom Doak golf course, The Hill House, The Golf House, and The Great House. As Washington’s premier all‐seasons mountain destination, Suncadia offers unlimited recreational activities, such as hiking, biking, fishing, river floating, axe throwing, and horseback riding, along with cross‐country skiing, ice skating, sledding, tubing and snow shoeing.
For more information, visit www.suncadia.com, and follow along on Facebook and Instagram.
Los Angeles‐based Lowe, formerly known as Lowe Enterprises, is a leading national real estate investment, development and management firm. Over the past 49 years, it has developed, acquired or managed more than $32 billion of real estate assets nationwide as it pursued its mission to build value in real estate by creating innovative, lasting environments and meaningful experiences that connect people and place. Lowe currently has more than $1.5 billion in commercial real estate projects in the pipeline or under development. In addition to its Los Angeles headquarters, Lowe maintains regional offices in Southern California, Northern California, Charleston, Denver, Seattle, and Washington, DC.
Lowe’s hospitality affiliate, CoralTree Hospitality, operates numerous hotel and resort properties across the US including Suncadia Resort through a franchise of the Destination Hotels brand with Hyatt Hotels.