Breckenridge Grand Vacations (BGV) recently released the 2025 annual budgets for each of its resorts, which provide insight into budgetary changes, property updates, and financial projections.
This article consolidates the details for Grand Lodge on Peak 7, Grand Colorado on Peak 8, and Grand Timber Lodge to offer owners and prospective buyers a clear view of maintenance costs (also referred to as owners’ association dues) as well as what resort updates to expect in the coming year.
Whether you’re an existing owner or someone considering ownership, these updates will help you stay on top of your travel budget, and know what to expect. Let’s take a closer look at each resort.
Grand Lodge on Peak 7
| Unit Type |
Usage Rights |
2025 Dues without Cash Discount |
2025 Dues with Cash Discount |
|---|---|---|---|
| Suite | Biennial | $520.40 | $504.79 |
| 1-Bedroom Master | Biennial | $704.08 | $682.95 |
| 2-Bedroom Lock-0ff | Biennial | $1,224.48 | $1,187.74 |
| 3-Bedroom Lock-0ff | Biennial | $1,744.88 | $1,692.54 |
| 4-Bedroom Lock-0ff | Biennial | $2,448.96 | $2,375.49 |
| Suite | Annual | $1,040.81 | $1,009.58 |
| 1-Bedroom Master | Annual | $1,408.15 | $1,365.91 |
| 2-Bedroom Lock-0ff | Annual | $2,448.96 | $2,375.49 |
| 3-Bedroom Lock-0ff | Annual | $3,489.77 | $3,385.07 |
| 4-Bedroom Lock-0ff | Annual | $4,897.92 | $4,750.98 |
2025 Grand Lodge on Peak 7 Updates and Budget Overview
The Grand Lodge on Peak 7 Owners’ Association recently shared the 2025 budget and outlined notable updates for owners and guests. Below is a summary of the key details:
Budget Highlights for 2025
The 2025 budget reflects an 8.2% increase in fractional owner dues. This adjustment is attributed to rising expenses in critical areas, such as insurance and natural gas, as well as changes in cost allocation for owner relations. Here’s a breakdown of the major drivers behind the increase:
- Insurance Costs: Following industry trends, the property’s insurance expenses have gone up by 15% for 2024 and are expected to increase further in 2025.
- Natural Gas Rates: A new fixed-pricing contract, effective 2025, shows a 38.7% increase from the previous agreement, although it remains lower than market rates.
- Owner Relations: Adjustments in how these costs are allocated reflect an 11.4% increase, aligning costs more closely with actual usage based on the number of owners, reservations, and residences.
Completed Enhancements in 2024
Several property improvements were recently finalized, aimed at maintaining the quality and comfort of the resort. Highlights include:
- Resealing and waterproofing the parking garage at the ground level
- Resurfacing outdoor aquatics areas and walkways
- Installing electronic locks for locker areas and adding casting capabilities to in-room entertainment systems
- Replacing furniture and other elements in common areas and residences, such as balcony furniture and hallway carpets
Upcoming Property Updates in 2025
Looking ahead, the resort has planned additional upgrades to enhance the guest and owner experience. Key projects include:
- Replacing locks, furniture, and carpet in various buildings and shared areas
- Upgrading windows in the Aquatics Center and refreshing the sauna interior
- Adding a games/sports simulator for an interactive experience
- Installing more electric vehicle charging stations
- Updating the putting green
Revenue and Savings Initiatives
Owners benefit from revenue generated through fees collected from exchange guests, known as the Vacation Experience Fee, as part of the resort’s participation in the Interval International exchange network. These funds, alongside ongoing cost-saving measures, help manage overall expenses and support service improvements.
Grand Colorado on Peak 8
| Unit Type |
Usage Rights |
2025 Dues without Cash Discount |
2025 Dues with Cash Discount |
|---|---|---|---|
| Suite | Biennial | $511.06 | $495.73 |
| 1-Bedroom Colorado | Biennial | $871.81 | $845.66 |
| 2-Bedroom Colorado | Biennial | $1,382.88 | $1,341.39 |
| 3-Bedroom Colorado | Biennial | $1,893.94 | $1,837.12 |
| 4-Bedroom Colorado | Biennial | $2,405.00 | $2,332.85 |
| Suite | Annual | $1,022.13 | $991.46 |
| 1-Bedroom Colorado | Annual | $1,743.63 | $1,691.32 |
| 2-Bedroom Colorado | Annual | $2,765.75 | $2,682.78 |
| 3-Bedroom Colorado | Annual | $3,787.88 | $3,674.24 |
| 4-Bedroom Colorado | Annual | $4,810.00 | $4,665.70 |
| Unit Type |
Usage Rights |
2025 Dues without Cash Discount |
2025 Dues with Cash Discount |
|---|---|---|---|
| Suite | Biennial | $511.06 | $495.73 |
| 1-Bedroom Breckenridge | Biennial | $691.44 | $670.69 |
| 2-Bedroom Breckenridge | Biennial | $1,202.50 | $1,166.43 |
| 3-Bedroom Breckenridge | Biennial | $1,713.56 | $1,662.16 |
| 4-Bedroom Breckenridge | Biennial | $2,405.00 | $2,332.85 |
| Suite | Annual | $1,022.13 | $991.46 |
| 1-Bedroom Breckenridge | Annual | $1,382.88 | $1,341.39 |
| 2-Bedroom Breckenridge | Annual | $2,405.00 | $2,332.85 |
| 3-Bedroom Breckenridge | Annual | $3,427.13 | $3,324.31 |
| 4-Bedroom Breckenridge | Annual | $4,810.00 | $4,665.70 |
2025 Grand Colorado on Peak 8 Budget and Updates
The Grand Colorado on Peak 8 Owners’ Association recently released the 2025 budget and shared updates for the property. Here is an overview of the key points to help owners and interested parties stay informed.
Budget and Dues Overview
The 2025 budget introduces a 6% increase in fractional owner dues, consistent with the prior year. This increase stems from rising costs in several critical areas, including:
- Insurance: Costs are up by 28%, following trends impacted by natural disasters such as wildfires and hurricanes.
- Natural Gas: The end of a fixed-price contract in 2024 has led to a 38% rise in gas rates under the new agreement for 2025.
- Housekeeping Cleaning: With a shift in occupancy patterns, more owner weeks and fewer rental stays, an 8.3% increase in costs is expected.
Completed Property Enhancements in 2024
The resort team finalized several updates aimed at improving owner and guest experiences. Key highlights from 2024 include:
- Replacement of dining tables, chairs, barstools, and end-of-bed benches in Building 2 residences.
- Installation of upgraded in-room entertainment systems across all units, allowing guests to stream content from their devices.
- Upgrades to outdoor areas, including new composite furniture in the Courtyard Grilling Area and the grotto.
- Addition of entryway benches with padded tops for comfort and style.
Planned Updates for 2025
The property will continue its efforts to enhance the quality and comfort of the resort. Upcoming improvements include:
- Replacement of sofa sleepers, mattresses, and living room furniture in Building 3 residences.
- Addition of new lamps with a modern design across all residences to improve lighting and aesthetics.
- Installation of new carpets in Building 1 common areas, ski locker rooms, and Building 3 hallways.
- Refurbishment of elevator cabins and replacement of theater seating in Theater 5.
- Addition of new electronic locks in the pool locker rooms for improved convenience.
Financial and Administrative Notes
Revenue from fees like the “Vacation Experience Fee” supports the resort’s financial stability and helps balance rising costs while maintaining service quality. Owners are encouraged to adopt eBilling for streamlined invoicing and payment.
Grand Timber Lodge
| Unit Type |
Usage Rights |
2025 Dues without Cash Discount |
2025 Dues with Cash Discount |
|---|---|---|---|
| 2-Bedroom | Biennial | $918.73 | $891.17 |
| 3-Bedroom | Biennial | $1,378.10 | $1,336.75 |
| 2-Bedroom | Annual | $1,837.46 | $1,782.34 |
| 3-Bedroom | Annual | $2,756.19 | $2,673.51 |
| 4-Bedroom | Annual | $3,674.92 | $3,564.68 |
2025 Grand Timber Lodge Budget and Updates
The Grand Timber Lodge Owners’ Association recently shared the proposed 2025 budget along with key property updates. Below is a summary tailored to keep owners and those interested in the lodge informed about changes and upcoming plans.
Budget Overview
The 2025 budget includes a 5.5% increase in owner dues, marking the lowest increase in nine years. For two-bedroom owners, this translates to an annual increase of $96.03 or $48.02 for biennial owners, while three-bedroom owners will see annual dues rise by $144.05 or $72.03 for biennial. The increase is driven primarily by reserve funding and rising costs in specific areas, including insurance and natural gas.
Factors influencing the budget include:
- Reserve Funding: Contributions to the Common and Unit Reserves will increase by 22% and 11%, respectively, to meet the future needs of the property, such as maintenance and capital expenses.
- Natural Gas Costs: The end of a five-year fixed-price contract has resulted in an 81% increase in rates for 2025 compared to last year’s budget.
- Insurance Premiums: Premiums continue to rise due to property value increases and market trends. A 15% increase equates to approximately $119,000 additional expenses.
- Management Fees: Following a structured plan for incremental increases through 2026, the 2025 fee adjustment accounts for $166,000.
On the positive side, revenue enhancements include:
- Vacation Experience Fee Increase: Fees for non-owner stays through Interval International have increased from $15 to $20 per bedroom per night, expected to generate an additional $80,000 in revenue.
- Return on Investments: 2024 saw higher-than-expected returns, which are projected to continue into 2025, with over $200,000 anticipated gains.
Completed Projects in 2024
Efforts to maintain and improve the property have resulted in several key achievements this year:
- The in-house engineering team resolved drainage issues near Building 6, preventing hallway leaks at the Family Fun Center.
- Operational efficiencies allowed savings on both unit and common area reserve projects.
Planned Updates for 2025
Looking ahead, the lodge is focusing on projects that align with maintaining the quality and comfort of the property:
- Continued attention to capital contributions for maintenance projects like roofing, painting, and appliances.
- Ongoing improvements to operational processes and engineering efforts to manage costs effectively.
Financial Tips for Owners
The Grand Timber Lodge Owners’ Association encourages owners to take advantage of prepayment options. Paying amounts in advance, such as $100 per month, can simplify dues management with no added transaction fees, while maintaining access to Bonus Time and Day Use opportunities.
