Company will retain management after sale is completed at the end of the month

ASPEN REAL ESTATE — The owner of the St. Regis Aspen has found a buyer for the hotel after listing it for sale almost two years ago, a company spokeswoman confirmed Tuesday.Starwood Hotels and Resorts Worldwide Inc. reached an agreement to sell the property to 315 East Dean Street Associates Inc.,according to Gigi Ganatra Duff, Starwood’s senior director of global public relations. The buyer is a Delaware corporation represented by Bangkok-based OptAsia Capital Co., Starwood said in a statement.OptAsia is a “boutique investment bank specializing in the real estate and hospitality sectors,” the company’s website says. No further information on the buyer it is representing in the St. Regis deal was immediately available.The anticipated sale date is “on or around Sept. 30,” Duff said. The sale price wasn’t disclosed.
By Scott Condon, Sept. 8, 2010 Aspen Times

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