ASPEN SNOWMASS REAL ESTATE – Related WestPac President Dwayne Romero announced Wednesday that the closing process will soon begin on Viceroy condo hotel units, with prospective buyers being offered a roughly 30 percent discount.But two sources representing a group of buyers suing to get out of their contracts said it is unlikely they will accept the offer, and that the issues are not just about price.Romero made the announcement at an Aspen Board of Realtors meeting on Wednesday morning.Approximately 80 contracts have been signed to buy Viceroy units, most of them in early 2008 when the local real estate market was still fairly hot. There are 152 available units. At the time, Viceroy prices ranged from $575,000 for a studio to $4 million for a three-bedroom, averaging $2,000 per square foot.
By Catherine Lutz, Jan 14, 2010 Aspen Daily News

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