Aspen Skiing Company purchases hotel from longtime locals for $38M…According to the Pitkin County Assessor’s Office, the property has an actual value of nearly $50.7 million.

ASPEN REAL ESTATE — The Aspen Skiing Co. has purchased the Limelight (Limelite) Lodge for nearly $38 million, according to closing documents filed with the Pitkin County Clerk and Recorder’s office.The sale closed earlier this week and was recorded by Stewart Title on Thursday. The official sales price is $37,925,000.The Skico took possession of the 126-room hotel located at 335 S. Monarch St. across from Wagner Park earlier this week. It will be closed for two weeks while the company installs new office software and does some maintenance.
By
Carolyn Sackariason, April 16, 2010, The Aspen Times

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