Work session focuses on improving lodging base. One of the recomendations: Create a new program that better addresses hybrid condominiums/hotels. “Three of Aspen’s largest hotel properties are actually hybrid models: Aspen Square, Aspen Alps and The Gant. … They are considered under the land-use code as multifamily residential units, despite the fact that most of the units are in the short-term rental pool on a regular basis. A new program could better address the needs of these properties and enable the creation of similar projects in town,” the memo states.
ASPEN REAL ESTATE — Many of Aspen’s condominiums generally suffer from a lack of maintenance and upgrades in large part because of the way the city’s land-use code treats them, according to the findings of a new study discussed Tuesday during a City Council work session. Earlier this year, the city commissioned local planner Alan Richman to explore what steps could be taken to bolster the condominium market, which represents 40 percent of Aspen’s short-term bed base, what officials often refer to as “hot beds.” Richman’s report, completed in October, suggested that over the years the city itself has erected barriers that have resulted in an outmoded condo inventory. Zoning and other regulations have encouraged traditional lodge or hotel properties in lieu of condominium developments or improvements, which are considered multifamily residences, a recent memorandum from the city’s Community Development Department suggests, citing Richman’s study.
By Andre Salvail, December, 12 2012 AT
Aspen Alps – built in late 1960’s – at base of Aspen Mountain Gondola.