Aspen’s 30 year old Hotel Lenado off Main Street closed at $11.88M. While the new owner’s plans are not known at this time, it is likely another example of Aspen losing its mid-range hotel bed base. The Aspen City Council is working this spring on a plan of incentives to assist local lodging owners to stay in business.

Link to article by Rick Carroll, May 2, 2014 AT

Hotel Lenado, 200 S Aspen St, Aspen, CO 81611 (Photo courtesy of Aspen Snowmass Sothebys International Real Estate)