SunTimes Fall/Winter 2023

Issue No. 01

By Mark Thorne, Managing Director I wanted to take a moment to introduce the inaugural SunTimes newsletter that we will be sending out bi-annually to our property owners and members. The purpose of this newsletter is simple: to provide you with better communication.

We realize that has not been a strong point in the past and we want to do something about it.

Our goal is to give you the inside scoop on all things Suncadia. What’s new? What’s coming?

What challenges do we face? What are our

SUNTIMES

priorities? What needs to be addressed? And so forth. If I convey nothing else, I hope to make you understand that it is a new day at Suncadia— with new ownership, new leadership, and new priorities. Over the past several months, we have assembled a competent and dedicated team to begin elevating and enhancing the lifestyle and living experience at Suncadia.

We have also engaged and formed an Ownership Engagement Committee to keep us apprised of key issues and concerns.

Lastly, of course, we have a new investor that is deeply committed to

“OUR GOAL IS TO GIVE YOU THE INSIDE SCOOP ON ALL THINGS SUNCADIA”

not only maintaining the facilities and attractions at Suncadia, but also to creating new amenities and making this the premier resort community in the Pacific Northwest.

We have set our course on ambitious but achievable goals, which require resolve and time to fully realize. However, I am highly confident that all the pieces are in place to achieve them, thereby greatly enhancing the Suncadia living experience, as well as its long-term value.

Please take a moment to flip through this edition of the SunTimes. We cover

Fall/ Winter 2023

a lot of ground herein, as we have tried to include information you will find important and compelling.

Above all, our goal is transparency. We want to minimize the confusion of the past and provide clarity going forward.

Toward that end, please contact a Suncadia Team Member if you have any questions or concerns.

(You will find a convenient Call List on the back to help ensure your question gets to the right person.)

I too welcome your feedback and input. Just shoot me an email or give me a call and we can talk.

02 Development

03 Real Estate

04 Golf

05 Owner Engagement

06 Membership,

07 Hospitality

Some of you have heard the buzz already: 2024 is shaping up to be a banner year in terms of new...

For most of the year buyers and sellers have been cautious, the direct result of the wild ride...

It doesn’t get much better than golf at Suncadia. The courses here are every bit as impressive as the...

As part of a larger initiative to establish a new era at Suncadia, an Owner Engagement...

A Suncadia Membership presents families with a dynamic, amenity-rich living experience that...

There are so many reasons families and individuals are drawn to Suncadia, but central to...

Food & Beverage

& Conservation

COMING IN 2024: BIG IMPROVEMENTS, UPGRADES, & ENHANCEMENTS $4M Lodge Renovation Underway Interview with Tucker Stevens, Chief Development Officer Some of you have heard the buzz already: 2024 is shaping up to be a banner year in terms of new amenities and upgrades.

after nearly 20 years of existing in its original state, it’s time for an upgrade. This renovation will radically elevate the overall experience and ‘wow factor’ from the moment you walk through the new front doors.”

With a new investor fully committed to maximizing and enhancing the value and one-of-a-kind lifestyle at Suncadia, change is afoot. Good change, mind you! The biggest example of which is the renovation and overhaul of The Suncadia Lodge.

This ambitious project, which will begin January 2024, will update many of the primary public spaces in The Lodge. This not only addresses deferred maintenance but brings the space up to current standards and enhances the overall grandeur of The Lodge.

“The Lodge is the front door to the community and an iconic northwest building,” says Tucker Stevens, Chief Development Officer. “For many of our guests— and potential future homeowners—it provides the initial first impression of Suncadia at large. And

Some of the notable Lodge upgrades include: • Full renovation of Portals and Fifty-6 Lounge: the bar will be turned around—180 degrees, facing out—allowing for expansive views of mountains.

• A new air-conditioned Sun Room will be created on the existing patio and a new patio with a wind wall will be constructed beyond that.

• 56 Degrees bar will open out to the Great Room with more varied and inviting seating.

• Bar will be active all day: coffee in the morning, full lunch service, and dinner in the evening.

• New furniture, lighting, wall coverings, and other carefully curated finishes will enhance the Great Room, Lobby Entrance, Den/Sitting Area, Fifty-6 Lounge, and Portals Restaurant.

• Grand, new front doors at the Entranceway of Lobby.

56 DEGREES RENOVATION RENDERING - SUBJECT TO CHANGE

2

CONSTRUCTION PROGRESS AT NELSON LAKES IN SUNCADIA

OTHER NOTABLE CHANGES & UPGRADES New Neighborhoods Construction progress continued through 2023 at Nelson Lakes at Suncadia and Domerie Park at Tumble Creek.

At Nelson Lakes, the new lake system is progressing rapidly: water is now being added to the extensive 7-acres of lakes and construction is nearly complete for the “Block 1” homesites.

Domerie Park construction is finished and the park is open for play. This beautiful new park includes a large grass play field, climbing boulders, a basketball court, pickle ball courts, iconic play equipment, plus a trail connector that is fully integrated with Paintbrush Lakes, the Great House, Sports Courts, and the overarching amenity core at Tumble Creek.

Also, to give you a heads up, we are now in the construction phase of a new gated community for individuals and families over 55 in Suncadia: The Uplands. It’s located on a forested ridge above the Cle Elum River, offering a Clubhouse, private pool, pickle ball courts, and

access to a network of trails and paved paths.

special events, and small gatherings.

Nelson Farm Park As one of the more popular destinations within Suncadia, Nelson Farm is a focal point for future amenities and recreational activities.

Nelson Farm Pool A collection of new, private cabanas was added to the pool area for summer 2023 and they are available for rental by members and guests. In addition to ample shade, each cabana provides double chaise loungers, two single loungers, a 43” flat screen TV, a minifridge stocked with water, credit toward Nellie’s Poolside Café, and a COOLA sunscreen kit.

A dynamic new park and playground is currently being built at Nelson Farm. It will feature a dynamic new bicycle pump track

by American Ramp Company/Velsolutions, large, embedded slides on a constructed hill, various play structures, digging/excavation areas, mound tunnels, rope swings, a spinning disc, a play hammock, a jungle dome and cliff rider, and connecting paths and trails.

Much of this project was funded by the Suncadia Fund for Community Enhancement.

Real Estate Office Renovation Completed in 2022, the fully renovated Real Estate office now includes a free-flowing lobby and outdoor area that can be rented by members and used for cocktail parties,

Owner Requests and Concerns Beginning in 2023, we have placed an emphasis on communication with homeowners to address any concerns and needs that are brought to our attention. In 2023, there were several small projects completed to address community concerns including screening fences in both Tumble Creek and Suncadia as well as light shading. Additionally, we are working with the Owner Engagement Committee to implement anti-speeding solutions and better contractor access security.

CURRENT REAL ESTATE MARKET And What to Expect in 2024 Interview with Corey Atherton, Suncadia Real Estate Managing Broker For most of the year buyers and sellers have been cautious, the direct result of the wild ride that was 2022.

Despite the general uncertainty, we have enjoyed an active real estate market at Suncadia—80+ new owners have joined the community this year, with total sales of over $200,000,000 in closed MLS volume.

What’s more, property values have leveled out thanks to an increase in listings, which has been a welcomed shift from the extremely low inventory levels just one year ago.

“It has been a good year at Suncadia in spite of all the negative market news in the media,” says Corey Atherton, Suncadia Managing Broker. “I think that speaks to the resiliency and long-term value of Suncadia and the fact that we are the most coveted master-planned community in the region.

Families can feel good

about buying a mountain home here.”

It’s Never Been Easier To Buy In Suncadia Suncadia will always be a good long-term decision for homeowners because of the ideal location in the Cascades and the one-ofa-kind living experience it offers. The privacy, exclusivity, and worldclass amenities make it a desirable retreat.

Add to that the variety of living options at Suncadia and Tumble Creek and you have a community with something for everyone. In the past year—and looking ahead to 2024—the Suncadia Real Estate Team has created streamlined land/home offerings that deliver semi-custom home opportunities as part of our new Portfolio Builder program. The goal: to help buyers find and move into their mountain dream home sooner by streamlining the design and permit process.

New Neighborhoods Present New Opportunities One of the best things about Suncadia is the

MOUNTAIN HOME COLLECTION RENDERING

CONSTRUCTION PROGRESS AT DOMERIE PARK IN TUMBLE CREEK

range of living options the community affords.

There are a select number of custom homesites available at our two latest communities: Nelson Lakes at Suncadia and Domerie Park at Tumble Creek. The

convenient to own in Suncadia. And, of course, work on the new Uplands community will begin in 2024. This private, gated community is for individuals 55 and better.

It enjoys a secluded setting near the Cle Elum

“It has been a good year at Suncadia in spite of all the negative market news in the media,” says Corey Atherton, Suncadia Managing Broker. “I think that speaks to the resiliency and long-term value of Suncadia and the fact that we are the most coveted master-planned community in the region. Families can feel good about buying a mountain home here.” latter’s Mountain Home Collection features 30 homes, including a model home that will be completed in January.

Additionally, Suncadia has a range of custom and semi-custom homes available through our other Builder Programs that make it quick and

River, with a number of exclusive amenities for homeowners.

Why Choose Suncadia Real Estate?

The Suncadia Real Estate Team is on-site to help (seven days a week), whether you’re looking to buy or sell. Since

REAL ESTATE TEAM PUMPKIN PAINTING

they serve Suncadia exclusively—representing buyers and sellers— more than 85% of all Suncadia real estate transactions occur with this team. Unlike other area brokers, their sole focus is Suncadia and Tumble Creek. They have the latest information on all available inventory: from re-sales, to new construction, to the latest neighborhood releases.

Full-Service Concierge Brokerage An added benefit to using the Suncadia Real Estate Team is that they serve as a personal concierge broker. They can offer tips and advice on local builders, re-modelers, and vendors—and they can answer questions about HOA, property management, local cleaners, babysitters, pet sitters, and anything else you may need. They can even put UPS packages inside your door, or

change out smoke alarm batteries, or alert you about power outages, or check your mailbox, and so on and so forth. Lastly, the Suncadia Team can provide an annual real estate review for you to help with tax planning, establishing a family trust, and financial planning.

Contact The Suncadia Real Estate Team Have a question about new neighborhoods or re-sale properties or the market in general… the Suncadia Real Estate Team can help. They provide service and expertise long after the sale or transaction, so hit them up with questions.

To learn more, stop by the Sales Office in The Lodge, or at the Main Office at 770 Suncadia Trail. Or simply call 509-649-6000.

NELSON LAKES CONSTRUCTION UPDATE

3

GOLF AT SUNCADIA IS ALWAYS ON THE UPSWING Interview with Bill Shea, Suncadia Golf Director

It doesn’t get much better than golf at Suncadia.

The courses here are every bit as impressive as the mountain setting: it’s as if each one has been sculpted

by Mother Nature, following the natural rhythms and undulations of the landscape. With Rope Rider and Prospector at Suncadia, and the Tom Doak course at Tumble Creek, we offer the finest golf experience in the Pacific Northwest—and it keeps getting better.

SUNCADIA GOLF UPDATE Much has happened to elevate the golf experience at Suncadia in the last year. In August 2022, Prospector got a full golf cart replacement; and in June 2023, Rope Rider did, as well. In total, 160 golf courts were replaced with new, stateof-the-art carts to both courses. A new Range Machine was also added this year. It makes it easier and more convenient for Members to get buckets of balls and hit the range.

Each Member will be given a card to scan in the machine, which will then provide up to two buckets of balls. “This is great

for our Members,” says Bill Shea, Suncadia Golf Director. “In the past, if the pro shop was closed, people couldn’t get golf balls. The new scanner enables them to get them whenever they like, even after the shop is closed.”

Another area that has grown tremendously at Suncadia is the Junior Golf Program. The PGA Junior Golf League is now three years old and has added 140 kids as of this writing. “The increasing popularity of the Junior Golf Program has been great,” says Shea. “It is nice to reach these kids at such a young age and turn them into lifelong golfers.”

As for golf programming, Suncadia added a 1-Day Member Guest Tournament this year, along with Mariners Getaway (a bus takes a group of golfers to a Seattle Mariners game to watch a different kind of ball striking.) Last but not least, a new Pro Shop Buyer was added to the staff: Karen Johnson.

Karen has come in and done a great job redesigning, re-ordering, and expanding our pro shop offering at Prospector. Stop by and check it out—there’s always something new being added.

PROSPECTOR GOLF COURSE - SUNCADIA

4

TUMBLE CREEK GOLF UPDATE In addition to having one of the finest golf courses in the region—the Tom Doak course has won numerous awards— Tumble Creek offers golf year-round…even in the winter. Tumble Creek golf instructors are able to give lessons yearround thanks to a stateof-the-art Trackman Studio. Adults and junior golfers sign up regularly for lessons, and the list grows every year. Tumble Creek also has Member Tournaments during the winter months on the Trackman Simulator. It has become extremely

popular, drawing a good turnout for each event.

Best of all, perhaps, with all the latest technology and teaching available, Members can work on their swing or their putting or overall game whenever they like.

“Members at Tumble Creek can enjoy golf year-round. During the winter we give lessons on the simulator and players can work on their swing. The offseason tournaments on the simulator have become very popular with members.”

Adam Alldredge, Tumble Creek Golf Director

Like Suncadia, Tumble Creek has a dynamic Junior Golf Program that gets stronger every year. One of the main goals at Tumble Creek is to instill and nurture a love of golf for everyone, regardless of age or skill level—and the Tom Doak course lends itself to that perfectly. “The Tom Doak course,” says Adam, “is a true players course, meaning it appeals to all ages and levels of golfers—and it’s meant to be played over and over. It always reveals something new and special each time you tee it up.”

TOM DOAK GOLF COURSE - TUMBLE CREEK

Q&A WITH MICHAEL BELL The Owner Engagement Committee As part of a larger initiative to establish a new era at Suncadia, an Owner Engagement Committee was established to give voice to owner concerns, needs, and desires. Comprised of Suncadia property owners, the committee serves as a direct conduit to the Suncadia Management Team, offering perspective, suggestions, and voicing grievances. The goal is to enable better communication amongst all parties and to achieve actionable results for the greater good of the Suncadia community. We recently had a chance to sit down with Owner Engagement Committee Chairman, Michael Bell.

What is the purpose of the Owner Engagement Committee (OEC)?

The Board resolution that created the OEC described our purpose as threefold: (1) To address issues referred by the Board for advice and/or action, (2) To raise issues on our own initiative to bring to the attention of the Board, and (3) To promote social or “community-building” events and activities.

To put it more simply, we see ourselves as “a strong and independent voice of the owners”.

Suncadia is a large organization operating under three broad categories: Real Estate & Land Development, Hospitality Services (e.g., golf, biking, swim/fitness, dining, resort services, etc.) and Residential Services (construction design and review, security, infrastructure management, roads, communications, financial management, etc.). All of these elements must mesh together harmoniously for an optimum owner experience. For at least the next several years

owners will continue to be in a minority position with regard to Board representation (majority representation comes when 90% of properties are sold). During this period of transitional ownership, it is imperative that owners have a strong voice in shaping Suncadia’s future, and that we work in a collaborative and positive manner with the majority ownership.

What will be the priorities of OEC moving forward?

We’re looking to maintain our momentum and collaboration on our core pillars: addressing safety & security concerns, preserving Suncadia standards, bringing owner’s interests early and often into substantive decision-making, and ensuring voter representation.

As the Chairman of the OEC, are you optimistic about the new Suncadia team and their commitment to enhance and upgrade the community?

The new management team led by Mark Thorne has demonstrated a willingness and openness to discuss owner concerns and has welcomed OEC participation in a variety of areas (see response to Question #2 above) that would have previously been “off limits” to substantive owner engagement.

In addition, there is a measurable increase in skill levels and experience at the executive level of Suncadia management, and this is translating into greater transparency and ability to work collaboratively. To be sure, the proof of a new climate toward owner issues will be in seeing substantive changes in the quality and quantity of owner experiences. But we believe we are off to a good start.

What have they done to demonstrate their focus and commitment to a “new Suncadia” so far?

The most important demonstration of their focus and commitment has been their candor in acknowledging the things that are broken. High on the list is broken trust with regard to amenities (e.g., pools, village), followed by broken expectations with regard to service levels. The new management has stopped treating Suncadia like a cash cow and is now working to catch up on deferred maintenance and is investing new funds toward longdelayed amenities. We all need to understand that problems long in the making will not be quickly resolved, and the new current leadership team did not create the problems but inherited them. To put it bluntly, we need to hold the new management accountable, but we also need to cut them a bit of slack.

Cultural shifts of this magnitude take time.

What are you most excited about for Suncadia in 2024?

Our efforts this year have been all about pivoting in a new direction, building a collaborative relationship between owners and management, and establishing our core pillars and underlying initiatives.

We’re encouraged by the progress we’ve made thus far and are looking forward to more owner feedback and OEC participation this coming year. Suncadia has always benefited from the time and talents of its members. Many of our initiatives are taking hold and gaining momentum, but more resources will be needed to continue moving forward. I’m excited by the real opportunity to improve the owner experience and I believe Mark and his leadership team are committed to embarking on this journey together.

5

Memberships: What’s New In 2023/2024 “A Suncadia Membership is so crucial to the overall living experience here,” says Shannon Anderson, Director of Suncadia Membership. “We are constantly looking for ways to enhance and elevate the value of a Membership with added features and benefits for our property owners.” In fact, the past few months have witnessed several upgrades to existing membership offerings.

MEMBERSHIP HAS ITS (EVER-INCREASING) PRIVILEGES • Designation of A Suncadia Membership presents families with a dynamic, amenity-rich living experience that combines year-round recreation with modern luxury and comforts.

This is where we come to escape: from the grind, the crowds, and the frantic pace of day-to-day living. Up here lies a bright, sunny world, cradled by the grandeur of the Cascade Mountains and surrounded by Nature’s wonders, each season ushering in its own resplendent wonders. When you combine the area’s sheer natural beauty with the membership offerings and programming of a world-class resort, it’s easy to see why so many families now call Suncadia home.

Members Only Areas at all community pools • Upgrading Swim & Fitness Center facility and equipment • Updated Trail Maps (current and more accurate)

• Creation of Annual Appreciation Event for Membership • Added discounts for Members on community events and services At Tumble Creek, Members not only enjoy exclusive privileges of all neighborhood amenities (the Great House, Golf Course, Hill House, etc.), but also reciprocal privileges at Suncadia.

There have also been several enhancements at Tumble Creek this year.

“In early spring,” says Tumble Creek General Manager, Jared Jeffries, “we updated our strength and cardio machines with Matrix premium fitness equipment. We also expanded our Peloton studio offering, weekly fitness classes, and refenced our tennis courts, including adding a flex

court for pickleball play.

Our Ridgeline Putting Course opened in April, as well, providing another multi-generational activity adjacent to the Great House, with breathtaking views.”

As a true four-season community, social and recreational programming in Suncadia is a full, year-round, calendar offering: “with a little something for everyone and all ages,” Anderson says. Additionally, as a member of the Tumble Creek Club, owners will receive private event coordination, catering, and event support as an exclusive benefit.

ELEVATING THE SUNCADIA DINING EXPERIENCE Q&A with Andrew Wilson, Director of Restaurants, Bars and Operations As a Destination by Hyatt, Suncadia combines the magnificence of an awe-inspiring natural setting with a dynamic resort experience that is rare. And now, with new ownership and a committed new leadership team, Suncadia is striving to make the entire living experience more gratifying and rewarding.

That certainly is being reflected in the Food &

Beverage program, which is undergoing major changes and upgrades over the coming months.

6

We recently sat down with Andrew Wilson— Director of Restaurants, Bars and Operations and Manager at the Inn—to learn more about Suncadia’s vision for dining and hospitality.

Q: Andrew you were at Suncadia years ago, left to pursue other opportunities, and just recently came back to Suncadia. What made you come back?

A: Yes. I was here a decade or so ago and left to broaden my experience within the F&B and hospitality segments. I worked with some great companies, like Amazon, for instance, and got a bigger perspective on catering and dining.

The reason I came back to Suncadia was, first of all, that I was excited about the new leadership team and the energy and dedication they were bringing to make things better. Secondly, I just missed Suncadia and wanted to be a part of this community and hopefully help elevate the food and beverage offerings for owners, guests, and visitors.

Q: What are you most excited about coming back to Suncadia?

A: I am most excited about the team I have and the things we can accomplish together. They are passionate culinarians: Chef Taylor Widrig…

Chef Maria Stiles at Stovehouse…River Widrig,

the banquet chef…and all the others. We have a chance to really take the Suncadia dining and catering business to the next level and we are all super excited about it.

Q: What are some of the changes or goals entering into 2024?

A: Well, as many know, we are doing a complete renovation at The Lodge that will greatly enhance the customer dining experience, which is the always goal: the overall customer experience.

We are repositioning and re-concepting Fifty-6 Degrees Lounge and Portals Restaurant.

It will be a much more integrated dining concept, more communal and sharable, more inviting.

We will also be reorienting the views at Fifty-6 so customers are looking out, toward the mountains, not facing inside like they are now.

We’re very excited about it, everyone at Suncadia

is. You know, so many guests’ first impression of Suncadia is at The Lodge.

It’s the first thing they see as a visitor. In fact, many of our homeowners were guests here first, staying at The Lodge.

A: Absolutely. And we will offer craft cocktails, artisanal and seasonal, as well as premier wines with select food pairings and mocktails too. As

Q: That sounds great.

What else besides The Lodge renovation are you excited about?

A: Overall, our goal is to make dining a destination in and of itself. Our culinary options will be a destination within the larger destination of the resort and community itself, places that guests and owners will seek out and look forward to, season after season.

Stovehouse too is being re-imagined, not so much from a renovation standpoint, but from its overall approach and offering. It has a great location overlooking the golf course and lends itself to a more convivial atmosphere, a place for people to gather.

Q: Would you say it’s a great place to gather for drinks as well as dinner?

for cuisine, Stovehouse will be a chef-inspired steakhouse offering local prime-aged steaks, as well as fresh seafood, prepared in our onsite hardwood smoker.

Customized seasoning blends will be created by the chef to showcase the flavors. This will not just be a place to dine, but a place to savor. Whether in-house aged steaks or seasonal seafood, Stovehouse will be a carefully curated dining experience that centers around taste and good times.

2023 BRINGS CHANGES TO THE HOSPITALITY MARKET Interview with Noni Hughes, Suncadia General Manager

NATURE IS OUR GREATEST AMENITY Interview with Tony Craven, Director of Land & Natural Resources There are so many reasons families and individuals are drawn to Suncadia, but central to all of them is the setting.

Nature truly takes center stage, enveloping and accenting the one-of-akind lifestyle here. The cool, fresh mountain air…the clear, blue skies on the “sunny side of the mountain”…the towering Ponderosa Pines…the ancient and iconic Cle Elum River… it all makes Suncadia the scenic natural paradise that it is known for.

As homeowners and members here, our task is to preserve and nurture this pristine landscape to ensure it is protected for generations to come.

That, of course, requires dedication and expertise.

Conservation Vs. Preservation “One of the main things people here notice first is the trees,” says Tony Craven, Director of Land & Natural Resources.

“And our duty, our task, is to safeguard the natural balance of trees and vegetation…emphasis on balance. People don’t realize it, but we have taken away nature’s method of managing the forest and keeping the balance—and that is fire.”

It is critical to distinguish between conservation and preservation. The former seeks the proper balance and usage of nature, the latter seeks to preserve nature from any use. Good conservation ensures proper habitat management, which is absolutely essential to the well-being of Suncadia’s natural resources.

for thinning as part of an emerging management approach some call “climate smart forestry.”

“By reducing the density of trees,” he says, “we end up with bigger trees more resilient to fire, less severe fires, and less carbon burned up and entering the atmosphere when fire comes. The

“Keep close to Nature’s heart and break clear away, once in a while, and climb a mountain or spend a week in the woods.

Wash your spirit clean.”

- John Muir Preventing OverDensity According to Tony, our forests are too dense, over 3 to 5 times the historic stocking rate in some places. “Pre-European arrival, a typical acre held 20-80 trees,” Tony says.

“Now, we’re at 120 to 1,000 trees or more.” Because of that, much of Tony’s time is spent managing crews to thin Suncadia’s woods, mostly Ponderosa pine, Douglas fir and a smattering of lodgepole, larch, and white pine.

With hotter, drier, longer summers of a warming climate, less water is available in the soil, another consideration

trees remaining capture more resources and stay healthier. When we turn those thinned trees into wood products, we’re locking up carbon for another 50-100 years or more.”

Tony Craven, Director of Land & Natural Resources Stewards of The Land As a member of the Kittitas Conservation Trust (KCT), Suncadia and Tumble Creek are committed to sustainable building practices, prioritizing open spaces, and preserving the pristine forests and meadows of the Cle Elum river corridor. Over 70%

of both Suncadia and Tumble Creek will remain undeveloped – ensuring the enjoyment and beauty of the land for future generations.

Suncadia Open Spaces under Easement with the KCT Total Lands In Suncadia: 6,3xf00+ acres Development Land: ~1200 acres

It’s been an interesting year in the hospitality market. The industry began to normalize in 2023, with leisure travel softening from the large upswing Suncadia experienced during the pandemic. That said, leisure business is still stronger than more normalized years (2018 & 2019), driven by stronger brand recognition, community growth, and a shift in social values that now prioritizes family time more than it has in the past.

Group business is returning industry-wide, with more companies shifting back to office work. Significantly, however, Seattle has lagged behind most major cities and is among the bottom four within the hospitality industry. It should be noted that the Greater Seattle area drives 90+% of Suncadia’s group business. Seattle

group bookings are still trending down 29% over normalized years, driven by declines in corporate business, such as Technology, Retail and Pharma. Suncadia, as a result, is projected to actualize 4000+ fewer room nights than we realized last year, and yet our guests are still willing to spend money in our many outlets at greaterspend-per-guest than we have seen historically.

Which is a good thing.

According to Noni Hughes, Suncadia General Manager, the picture is hopeful. “As we look to close out the year, we are anticipating Leisure travel to hold at its current demand levels, group business to continue to gain momentum (but not fully return to normal until 2024), and our ancillary departments to be able to drive price point and demand if supported by expected service levels, new and exciting offerings, and creative marketing.”

Three types of Conservation Easement Lands: Cle Elum River Corridor Easement: ~1200 acres Natural Open Spaces Easement: ~800 acres Managed Open Space Easement: 1400 acres Protected Wildlife Over 180 species of birds, over 40 species of mammals, and several species of reptiles, amphibians, and fish utilize habitats that occur on the Suncadia property.

To learn more about the Kittitas Conservation Trust, please visit: kittitasconservation trust.org

7

Suncadia 770 Suncadia Trail Cle Elum, WA 98926

Tumble Creek Club (509) 649-6481

Tumble Creek Caretaker’s Cabin (509) 649-6459

Suncadia Club (509) 649-6406

Suncadia Greeter’s Cottage (509) 649-6109

Suncadia Property Management (509) 649-6440 propertymanagement@suncadia.com

Homeowners Association (509) 649-6277 communityassociations@suncadia.com

Suncadia Real Estate (509) 649-6000 discover@suncadia.com

Atlas Networks (206) 395-7222 suncadianet.com Waste Management wm.com • 1-800-592-9995 Mark Thorne, Managing Director mthorne@suncadia.com (509) 649-6117

The Stovehouse (509) 649-6403 Swiftwater Cellars (509) 674-6555 Prospector Golf (509) 649-6401 Rope Rider Golf (509) 649-6450

Suncadia Utility Company water@suncadiautilities.com 509-260 -4288

Puget Sound Energy PSE.com 1-888-225-5773

Concierge (509) 649-6461 Glade Spring Spa (509) 649-6470 Portals (509) 649-6473

Swim & Fitness (509) 649-6140

Lodge (509) 649-6460

CONTACT US