News Formal

Reed Hastings removed all Powder Mountain lots from market. Here’s why.

  • 📰 sltrib
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 61%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Former Netflix CEO Reed Hastings has halted sales of Powder Mountain lots until the ski resort rebrands in summer 2024.

The former Netflix CEO will team with Meriwether development to plan a luxury resort centered on “being and doing.”

“That’s a big step that you do when you have confidence that it’s going to be a lot more successful in a year,” Hastings said. “So we kind of don’t want to sell those lots at current prices. Meriwether specializes in developing recreation-based luxury communities. Among them are the Aspen Club spa and redevelopment project in Colorado, the Victory Ranch community in Kamas, and a Coachella Valley, Calif., resort that includes aNoah Hahn, a partner at the Colorado-based Meriwether, said Powder is similar to those projects in that it will offer a getaway for a more experience-minded clientele.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 316. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Reed Hastings pulls Powder Mountain properties off the market, will ‘reset’ next summerFormer Netflix CEO Reed Hastings has halted sales of Powder Mountain lots until the ski resort rebrands in summer 2024.
Source: sltrib - 🏆 316. / 61 Read more »