Concluding that there were too many uncertainties in the Related Companies’ current planning for the Snowmass Base Village, the Ski Co has withdrawn its application for a new mid-market Limelight Hotel at the resort. Much fanfare had been made this winter on the Ski Co’s request for an expedited Town of Snowmass review of its plans for a SMV LImelight (there already exists an Aspen Ski Co owned Aspen Limelight Hotel). It now appears plans are off the table.
Link to article, Mar 5, 2014 By Madeleine Osberger, Aspen Journalism
In 2005-2006, the Aspen Ski Co had planned an exclusive high end Snowmass Village Hotel Little Nell to be located at the Building 5 location, now an empty slab in the middle of the resort’s village. After the Great Recession and the Related Co’s repurchase of the Snowmass Base Village in a nationalized German bank foreclosure sale, the re-instituted sales program for the Viceroy Condo Hotel units took off in winter 2012/2013. Bouyed by thesepositive results and improving market conditions, the Ski Co considered new options in Dec. 2013 and, concluding a lack of mid-market hotel product in Snowmass, innitiated planning for the expedited development of a Snowmass Limelight Hotel to break ground summer 2014. It now appears they have reconsidered given Related Co’s unknown expansion plans – other than Viceroy Phase II – for the Village. (Photo credit: AspenJournalism.org )