October 5, 2010

Aspen and Snowmass Area Real Estate Strong for August

August reported 31% dollar volume of sales gains for Pitkin County over last August according to Land Title Company in Aspen. $74.5 million compared to August 2009 of $57 million. 53 transactions compared to 44 in August 2009, another gain of 20.5% compared to last August. Eight month sales totals for 2010 are $722.4 million,…

St. Regis Aspen, Formerly the Ritz Carlton Aspen, Just Sold for $70M

Starwood Hotels has found a buyer to purchase the St. Regis Aspen after two years of being for sale. OptAsia, an investment bank that specializes in hotel and hospitality just officially closed on the purchase of the property. According to the local assessor the hotel is worth $79.5M. The St. Regis has 179 guest rooms…