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

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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.

 

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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.
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