The privately held Jupiter Realty had purchased the 42,645-sf, European-style lodge in 1998, says E. Michael Pompizzi, Jupiter's executive vice president and CFO. Jupiter had invested $2 million into renovating and refurbishing the lodge's guestrooms and public areas soon after purchasing it.
The lodge is in the heart of Aspen's boutique shopping and restaurant district. The L-shaped wood-and-stone lodge also is steps form the Silver Queen Gondola. The 90-room lodge includes a 100-seat restaurant overlooking Aspen Mountain, heated swimming pool and spa, ski shop, massage therapy and workout rooms.
A team of brokers from Jones Lang LaSalle Hotels in New York City and Los Angeles has handled the transaction. Arthur Adler, managing director and CEO, has led the team from Jones Lang LaSalle's New York City office.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
