Staff report
Snowmass Village, CO, Colorado

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September 28, 2012
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Related closes on Base Village acquisition

SNOWMASS VILLAGE - Related Cos. announced in a statement today that an affiliate, Snowmass Acquisition Company LLC, has closed on the acquisition of Base Village in Snowmass. The acquisition completes the transfer of title of Base Village assets including the Viceroy Snowmass hotel, retail units, unsold Capitol Peak and Hayden Lodge condominium units, the Arrival Center, parking garage, and various Base Village land parcels.

"We are pleased to have completed the acquisition of the Base Village assets and look forward to working with the Town of Snowmass Village to continue the implementation of their vision for a world-class resort community. We can now move forward and write the next chapter in Snowmass' renaissance," said Dwayne Romero, president of Related Colorado, the property and development manager of Base Village. "With the transaction now closed, we will be announcing details about the

sales of the Viceroy Snowmass condominiums in the coming months in anticipation of a full sales launch this ski season."

In addition to the Base Village assets, Related Cos. and its local affiliate, Related Colorado, own and manage the Snowmass Center, Snowmass Mall, Mountain Chalet, Snowmass Inn, and the operating companies Snowmass Hospitality and Snowmass Property Management.

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The Aspen Times Updated Sep 28, 2012 05:45PM Published Sep 28, 2012 05:36PM Copyright 2012 The Aspen Times. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.