Development

Since the early 1980's, WEDGE Real Estate Holdings (or its predecessors) has selectively been involved with investments in development projects. It has successfully developed four hotels, nine self-storage facilities and several high-end recreational real estate projects.

WEDGE Hotels Corporation is actively engaged in the pre-development process for a 240-room Hilton Garden Inn adjacent to WEDGE International Tower on Louisiana Street and Clay in downtown Houston, TX. Project is expected to break ground in 2009 and open in 2010. See rendering on right side of page.

High-end recreational real estate development experience
  • Tonopalo Private Residence Club, Lake Tahoe, CA: WEDGE Real Estate Holdings developed this $60 million, 19-unit, five-star lakefront property on the north shore of Lake Tahoe.
  • Calistoga Ranch Private Resident Club, Napa, CA: A five-star hotel and private residence club, WEDGE Real Estate Holdings was an early-stage investor and acquired the 168 acres of land in 2000. Its sale to the ultimate development group the following year more than doubled the Company's investment.
  • Arrowhead at Vail, CO: Beginning with development of 2,350 acres in Vail Valley, adjoining the popular Beaver Creek resort, a WEDGE Group affiliate added significant infrastructure, including its Jack Nicklaus signature golf course; and sold it to the owners of the Vail and Beaver Creek resorts.