Boomerang changes hands
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.
Support Local Journalism
Support Local Journalism
Readers around Aspen and Snowmass Village make the Aspen Times’ work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.
Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.
Each donation will be used exclusively for the development and creation of increased news coverage.
Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.
User Legend: Moderator Trusted User
In 2020, after one particularly negative projection on the future of the pandemic and its effect on the road cycling scene, CS Velo team owner Kurt Dodds considered shutting down the team. CS Velo started as a club before becoming an elite team in 2016 with a goal of having a Philadelphia-based team.