Reed Hastings pulls Powder Mountain properties off the market, will ‘reset’ next summer

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

United States News News

United States United States Latest News,United States United States 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.

 

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

United States United States Latest News, United States United States Headlines