Ragatz Realty and Avison Young jointly negotiated the sale of approximately seven acres of vacant development land at the base of Mammoth Mountain Ski Area in California. Mammoth is a popular, all-season resort located near Mammoth Lakes in the Eastern Sierra region of the state.
The Little Nell Hotel Group, a division of Aspen Skiing Company, was the buyer. The seller of the land was a private equity firm based in New York with significant investments around the world. The Little Nell Hotel group intends to develop a hotel to complement its portfolio of owned and operated hospitality assets.
MAMMOTH MOUNTAIN