SAM Magazine-Canmore, Alberta, Nov. 1, 2007-Colorado-based East West Partners and Morgan Stanley Real Estate have acquired Three Sisters Mountain Village, a 1,800-acre partially completed Canadian Rockies resort community near Banff, adjacent to the historic mining town of Canmore (site of Nordic events at the 1988 Olympics). East West Partners will work closely with the existing management team to complete development of the resort.

"Three Sisters is unique because it is the only approved destination resort in an area completely surrounded by 2.8 million acres of protected public wilderness," said Harry Frampton, founding partner of East West Partners. Three Sisters represents approximately 80 percent of all developable land in the Banff-Canmore corridor. "This presents an amazing opportunity as well as an awe-inspiring responsibility to create something of the highest quality and environmental sensitivity," Frampton added.

"The Banff-Canmore area is one of the truly great natural areas of the world located in the backyard of a city [Calgary] undergoing an economic and cultural renaissance," said Terry Minger, chairman of Three Sisters Mountain Village. "Three Sisters will become an integral part of this renaissance by creating a world-class, four-season resort community that will serve as a center for adventure, health and wellness, sport, education and the arts."

Colorado-based East West Partners is a resort real estate development company whose projects include the Beaver Creek Park Hyatt, the Westin Riverfront Resort and Spa at the base of Beaver Creek Mountain, and The Ritz-Carlton Highlands, Lake Tahoe. It is a leading LEED green-building company.