JenEngel

 The 90-room Sky Hotel at the base of Aspen Mountain is up for sale.  According to Sky executives, the hotel is not having financial troubles nor is the sale a result of tough economic times.  General Manager Corey Enlowe said there is no list price, but the hotel is accepting offers. 

The Sky’s Washington, D.C.-based ownership group, Northridge Capital, purchased the boutique hotel in March 2001 for $14.1 million when it was being run as Aspen Club Lodge.  The owners partnered with The Kimpton Group (this group manages the hotel) out of San Francisco on a $1.8 million dollar renovation to transform the hotel into “an upscale, European boutique hotel,” according to Northridge Capital’s website.  Located across Spring Street from the five-star Little Nell Hotel, the property re-opened in June 2002 as the Sky.

Eastdil Secured, a real estate investment banking company, is handling the sales effort.  Enlowe said the property is being marketed through the company’s internal network.

This entry was posted on Tuesday, July 27th, 2010 and is filed under Aspen, Aspen Hotels, Real Estate Market, Website. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.