ASPEN REAL ESTATE – Aspen Skiing Co. has signed a contract to purchase the 126-room Limelight Lodge in downtown Aspen from New Limelight LLC, whose owners include Dale Paas of Basalt, his sister Sue Woolery of Basalt, and Steven Szymanski, a developer from Denver…The new Limelight Lodge was approved by Aspen City Council in 2006 and opened in November 2008 across from Wagner Park on Monarch Street. The project included not only the four-story, 100,000-square-foot hotel but 14 free-market luxury condos in a project across the street from the hotel called Monarch on the Park.The Monarch on the Park condos, which are not part of SkiCo’s purchase deal, were developed by Limelite Redevelopment LLC, of which Denver developer Gerald M. Biehl is a majority partner and the Paas and Woolery families have a minority interest.
By Brent Gardner-Smith, Jan. 6, 2010 Aspen Daily News

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