Jorge Eduardo Burillo Azcárraga bought Unit 712, Snow Cloud Phase 2 Condominium, at Bachelor Gulch in Avon, Colorado for $2,402,750 on July 8, 2002 through Snow Cloud 712, LLC. Avon is about 10 miles west of Vail. Jorge and his now ex-wife, Luz de Lourdes Sagarena Bernal sold the condo through Snow Cloud 712 LLC in 2013 for a loss at $1,825,000. The condo had an estimated market value of $2,256,420 as listed by Eagle County, Colorado, as of May 12, 2017. Throughout this time, Jorge Burillo through a separate holding company owned another million dollar condo in Vail. We examined Jorge’s Vail condo, which has increased in value according to Eagle County, earlier this month.
Jorge Eduardo Burillo Azcárraga is the brother of Alejandro Burillo Azcárraga, the Chairman of conglomerate Grupo Pegaso and a Director of Grupo Financiero Banorte. Jorge and Alejandro are cousins of Emilio Azcárraga Jean, Chairman and CEO of Grupo Televisa, and grandsons of Emilio Azcárraga Vidaurreta.
July 2, 2002
Snow Cloud 712 LLC, a Colorado Limited Liability Company, was formed in Colorado.
“Jorge Eduardo Burillo” was the initial member, meaning he was an owner of the company under Colorado law.
July 8, 2002
June 26, 2008
A full release of the mortgage against Snow Cloud 712 LLC personally guaranteed by Jorge Eduardo Burillo was filed in Eagle County. This meant that Snow Cloud 712 LLC no longer owed any payments on the loan.
April 30, 2013
Jorge Eduardo Burillo Azcárraga and Luz de Lourdes Sagarena Bernal signed the sale deed as members of Snow Cloud 712 LLC.