Recently, the ski resort officially held its grand opening for its new $40 million condominium hotel. The slope-side complex is the largest single expansion in Holiday Valley's 50-year history.
Dennis Eshbaugh, Holiday Valley president, said the concept for the full-service condominium hotel has been in the planning for more than 20 years. Once the plans were ready, the pre-sales of units began in December 2007.
As soon as the project was 60 percent sold, construction began with the ground breaking ceremony in April 2008. After 18 months, construction was completed on December 12 and the first guests arrived on December 18.
'Tamarack sales have been very good, with a new surge in sales as the building was completed and the ski season got under way,' said Eshbaugh. 'At this point the building is over 80 percent sold out."
The condominium units range from 465-square-foot studios to 1,800-square-foot executive suites. Fifty-nine of the 79 units are one- and two-bedroom lockout configurations that can be separated into two units.
Eshbaugh said the lockout feature allows the owner private use of their unit, while being able to rent out a separate deluxe hotel room.
Owners may also choose to rent their entire unit.
The condominium interiors are completely furnished and the full kitchens are fitted with high-end finishes, Eshbaugh said.
Each full unit has a gas fireplace and most have a balcony. These vacation properties are offered as either traditional whole ownership or as one-fifth share fractionals.
The Tamarack Club is located adjacent to the Clubhouse Chalet and at the base of Cindy's, Mardi Gras, Creekside and Morning Star chairlifts for ski-in/ski-out convenience. Eshbaugh said families appreciate the close proximity of the Creekside Lodge Children's Ski School and the day care center while visiting the resort.
Eshbaugh said the many amenities and owner benefits associated with the Tamarack Club offer a unique vacation experience for people who want to avoid the obligations of maintaining a conventional vacation home.
Owner and renter benefits include the ski-in, ski-out location, valet service, bell service, room service, underground parking, ski lockers and 24 / 7 front desk operation. Owners and guests can enjoy the full-service John Harvard's Brew House and lounge, indoor / outdoor heated pool and hot tubs and Falling Waters destination spa.
The Tamarack Club is affiliated with Resort Condominium International, which allows owners to exchange with more than 4,000 resorts in 100 countries around the world.
'I'm also anticipating an increase of summertime visitors who will enjoy our golf course, hiking and mountain biking, conference facilities and the many festivals and activities in the Ellicottville area,' Eshbaugh said.
During the 18-month construction period, Holiday Valley employed more than 500 workers, many who are local residents who came to town and spent money in the community. Operation of the Tamarack Club has created more than 160 new full and part time jobs.
The planning and permit fees paid help maintain town infrastructure and systems.
Eshbaugh said more than a $1 million in sales tax was paid on building materials, with more than a quarter million dollars spent by Holiday Valley on mortgage tax. Sales tax on condominium rentals and bed tax revenue will total more than $270,000 annually and property tax revenue will total $398,000 annually.
The Tamarack Club is located at 6447 Holiday Valley Road in Ellicottville. For more information on the condominium or the resort call 699-3904.
Nestled near the slopes of Holiday Valley, the Tamarack Club luxury living complex is now open. The resort provides visitors with four-star amenities.