Anticipated opening of luxury condos marred by challenges to contracts. Two more buyers at The Residences at The Little Nell filed lawsuits Friday to try to get out of their contracts.The new complaints mean that a total of eight buyers with contracts for 10 fractional ownership interests in the luxury condominium project are trying to scuttle their deals and get their earnest money refunded. Six buyers filed a previous lawsuit that is pending.The Residences at The Little Nell, known as RLN, is being developed at the base of Aspen Mountain. It is one of the most luxurious of the fractional-ownership projects to sprout up in Aspen and Snowmass Village this decade. It will be managed by the Aspen Skiing Co.’s acclaimed Little Nell Hotel.
By Scott Condon, Dec 23, 2008, The Aspen Times