Newmark Arranges $482.5 Million Financing to Advance The Stockman, Auberge Collection in Steamboat Springs, CO

Newmark arranged the loan for the developer; GoldenTree Asset Management provided the financing.

Rhea-AI Summary

Newmark (NMRK) arranged a $482.5 million loan for Stockman Development to advance The Stockman resort in Steamboat Springs, Colorado. GoldenTree Asset Management provided the financing to Stockman Development, which is led by Marquee Development. The resort recently broke ground.

The Stockman is planned to include 95 branded residences and a 59-key hotel operated under Auberge Resorts Collection. The project is designed for direct ski-in, ski-out access to Steamboat Mountain. OZ Architecture is leading building design, while Berkshire Hathaway is leading residential sales.

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Key Figures

Loan financing: $482.5 million

Loan financing

$482.5 million

Arranged for Stockman Development LLC to advance The Stockman

Key Terms

assets under management

1 terms

assets under management financial

"approximately $70 billion in assets under management"

Assets under management (AUM) is the total value of all the investments that a financial company or fund is responsible for overseeing on behalf of its clients. It’s like a big bucket that shows how much money the firm is managing for people or organizations. A higher AUM often indicates a larger, more trusted company, and it can influence how much money they earn and the services they can offer.

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NEW YORK, Sept. 23, 2026 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or the "Company"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations and other owners and occupiers, announces the Company has arranged a $482.5 million loan on behalf of Stockman Development LLC, led by Marquee Development, to advance The Stockman, Auberge Collection, an ultra-luxury ski-in, ski-out resort that recently broke ground in Steamboat Springs, Colorado.

The financing was provided by GoldenTree Asset Management, a global, employee-owned asset management firm with approximately $70 billion in assets under management. 

Newmark Co-President of Global Debt & Structured Finance Jordan Roeschlaub, Vice Chairman Nick Scribani, Managing Director Tyler Dumon and Director Holden Witkoff arranged the financing on behalf of the Sponsor.

The Stockman will comprise 95 luxury branded residences and a 59-key hotel operated under the Auberge Resorts Collection. OZ Architecture is leading the building design, with interiors by Nunzio Marc DeSantis Architects. Berkshire Hathaway is leading residential sales efforts.

As one of the first luxury resorts developed in Steamboat, The Stockman will offer residents and guests an extensive amenity program including direct ski-in/ski-out access to Steamboat Mountain, spa and fitness facilities, a pool, multiple food and beverage offerings, an owners' lounge, dedicated ski locker storage and private terraces. The Resort's design will draw on Steamboat Springs' Western heritage while pairing the destination's character with contemporary amenities and five-star hospitality.

Located at the base of Steamboat Ski Resort, the project will provide direct access to Steamboat's year-round recreational offerings, including skiing, hiking, mountain biking and fishing. The development represents the next phase of Alterra's investment into the mountain following their $250 million "Full Steam Ahead" reinvestment program, which has transformed Steamboat Resort and further positioned the mountain as a world-class year-round destination.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leading commercial real estate advisor and service provider to large institutional investors and other owners, global corporations and other occupiers, and lenders. Built with purpose and driven by excellence, Newmark's comprehensive platform is uniquely tailored to provide superior outcomes to clients. For the twelve months ended June 30, 2026, Newmark generated revenues of more than $3.6 billion. As of June 30, 2026, Newmark and its business partners together operated from over 195 offices with more than 10,000 professionals across four continents. Learn more at nmrk.com or follow @newmark.

Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company's business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark's Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.

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SOURCE Newmark Group, Inc.

FAQ

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Who provided the financing Newmark arranged for The Stockman?

GoldenTree Asset Management provided the $482.5 million loan arranged by Newmark on behalf of Stockman Development, which is led by Marquee Development.