Commercial

Paradise Deli & Market Real Estate Sale

Paradise Deli & MarketBRAVO! Stowe Area Realty congratulates Roberta Elliott on her sale of the Paradise Deli & Market to Arik Keller. Roberta will be around the market for a couple of weeks helping with training. Stop by and congratulate her on her retirement after 21 years of owning the market and meet Arik and his staff, including his manager Dean Sparks.

(Pictured: Roberta Elliott and Arik Keller with Broker/REALTOR® Ken Libby, who represented the seller)

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    Karen Sidney-Plummer joins Stowe Area Realty

    Karen Sidney-Plummer has joined the real estate sales team at Stowe Area Realty.

    Sidney-Plummer is a Vermont licensed broker specializing in commercial real estate leasing, management and marketing, including the renovation and operation of shopping malls, office buildings, mixed-use complexes and lifestyle centers and bringing those businesses to northern New England.

    Through her website DestinationRealtyPartners.com, Sidney-Plummer offers university courses relating to business development and marketing, in conjunction with lectures and troubleshooting for growing and changing companies.

    “I’m eager to add my extensive experience with developers and downtown revitalization projects to the amazing team at Stowe Area Realty. I enjoy being able to share my industry knowledge through interactive workshops, seminars and lectures and as a real estate professional making property ownership and management a breeze for business owners,” Sidney-Plummer said.

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      Amazing Stowe Vermont Commercial Property

      Stoweflake

      Stoweflake Mountain Resort & Spa
      Highlights & Location

      • Tremendous reposition opportunity in picturesque Stowe, Vermont
      • 117 owned, fee-simple rentable units with a mix of guest rooms and suites, plus 50 townhomes in a rental pool, for a total of 167 units
      • Includes on-site dining options: Charlie B's Pub & Restaurant and a spa/poolside café
      • Additional management fees from homeowners association
      • PUD and excess density offer the opportunity to potentially double room count
      • Unencumbered by franchise and management controls
      • International Association of Conference Centres (IACC)-certified 22,000 sq. ft. conference center
      • 40,000 sq. ft. spa and sports center, plus 10,000 sq. ft. meditative garden
      • Executive 9-hole, par-3 golf course
      • Two tennis courts
      • Racquetball and squash court(s)

      This property is not listed on the MLS. Contact Ken Libby, Stowe Area Realty Group at KW Vermont, for more information: 802-760-3100, 802-793-2002 (cell) or ken@kenlibby.com.

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        Stoweflake real estate transaction wins top ALIS award

        The Stoweflake Mountain Resort & Spa was named Single Transaction of the Year (US$25M & Under) 2021 at the Americas Lodging Investment Summit (ALIS) in Los Angeles, CA. Winners were announced on Jan. 25, 2022, during the three-day conference.

        Ken Libby of Stowe Area Realty Group at KW Vermont-Stowe - now Hickey & Foster Real Estate - represented the seller.

        The ALIS awards honor the hotels, companies and executives responsible for the most influential hotel industry deals. Nominees were evaluated based on outstanding business performance in various industry sectors. 

        The ALIS Single Asset Transaction of the Year Award recognizes a hotel or resort in which more than a 50 percent ownership stake has been acquired (transaction closed) in the Americas between Jan. 1 and Dec. 31, 2021.

        The Stoweflake Resort and Spa was purchased for approximately $13 million by MCR Hotels, a hotel management company. The sale was finalized on Dec. 23, 2021.

        Finalists in this category also included the Allegria Hotel & Spa in Long Beach, NY, and the Ocean Crest Resort in Moclips, WA.

        Congrats to Ken Libby, the entire team and everyone who made this amazing real estate sale possible! See all the winners here.

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