TAP Real Estate Gets Exclusive Option for Zermatt Resort

TAP Real Estate Technologies, Inc. entered into an exclusive Option to Purchase Agreement with Wasatch Springs Management Holdings, LLC for the Zermatt Resort in Midway, Utah. The option period lasts 60 days from March 24, 2026, with possible extensions by mutual agreement.

As consideration for granting the option, TAP will pay $250,000 within five business days of the effective date. The option consideration is non-refundable except for a material breach by the seller, and it will be credited toward the resort purchase price if TAP exercises the option and closes.

During the option period, Wasatch Springs is subject to exclusivity and a no-shop covenant, while TAP receives full operational control of the resort and broad diligence access to records, financial statements, title and environmental reports, leases, permits, and insurance policies.