Two More Buyers Aim to Scrap Residences at Little Nell Deals in Aspen, AT
Anticipated opening of luxury condos marred by challenges
to contracts. Two more buyers at The Residences at The
Little Nell filed lawsuits Friday to try to get out of their
contracts.The new complaints mean that a total of eight buyers with
contracts for 10 fractional ownership interests in the luxury condominium
project are trying to scuttle their deals and get their earnest money refunded.
Six buyers filed a previous lawsuit that is pending.The Residences at
The Little Nell, known as RLN, is being developed at the base of Aspen Mountain.
It is one of the most luxurious of the fractional-ownership projects to sprout
up in Aspen and Snowmass Village this decade. It will be managed by the Aspen
Skiing Co.’s acclaimed Little Nell Hotel.
By Scott Condon, Dec 23, 2008, The Aspen Times
