Boomerang changes hands | AspenTimes.com

Boomerang changes hands

Aspen Times Staff

One of Aspen’s oldest family-run ski lodges, the Boomerang Lodge, has been sold to a Washington, D.C.-based real estate investment and management company.Longtime locals Charlie and Fonda Paterson and their family have sold the 34-unit Boomerang to Aspen-Fountain Square Properties, ABR, LLC, according to a brief news release issued Tuesday. The price was not disclosed.The Patersons could not be reached for comment yesterday evening.Austrian-born Charlie Paterson started the Boomerang in 1949, when as a 19-year-old skier, he built a small cabin on West Hopkins near the base of Shadow Mountain. By the early ’50s, he had expanded the building into three rental apartments – the beginnings of the Boomerang Lodge.In 1960, Paterson built the signature main lodge after three years of apprenticeship with famed architect Frank Lloyd Wright. Additions in 1964 and 1970 created the 34-room Boomerang of today.”We love living in Aspen and have loved the Boomerang,” Charlie said in the news release. “We feel very fortunate to have been here for all these years and wish the new owners every success.”In a February interview, Paterson confirmed he was ready to retire.The couple quietly put the lodge on the market last August. It was listed for sale at $7.5 million. A separate, vacant parcel across the street was listed for $5.2 million. Approvals for an expansion of the lodge onto the vacant property are already in place.The Patersons will remain as interim general managers of the Boomerang through the summer in order to effect a smooth transition for the new owners, the staff and the Boomerang’s clientele.