Some owners not pleased with project and have sued to get their millions back. Everything looked golden for the Residences at the Little Nell when the fractional ownership project started coming together at the base of Aspen Mountain earlier this decade.If real estate boils down to location, location, location, then RLN, as the project is known, has Aspen’s most commanding address. The luxury condominiums are located next to the Silver Queen Gondola at the base of Aspen Mountain. The management arrangement for the condominium-hotel was the icing on the cake. The 26 condos and eight hotel suites will be managed by the Aspen Skiing Co.’s Little Nell Hotel, Aspen’s only Mobil five star and AAA five diamond property.
By Scott Condon, Dec 16, 2008, The Aspen Times, Aspen, CO