Boomerang lots sell for $7.7 million | AspenTimes.com
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Boomerang lots sell for $7.7 million

Greg Schreier

Two lots across the street from the Boomerang Lodge recently sold for $7.7 million – about a year after the same parcels sold for $6 million.Former Boomerang Lodge owner Charlie Paterson originally sold the lodge and the lots across Hopkins Avenue in June 2005 to Aspen-Fountain Square Properties. The company resold the parcels to Aspen Devco LLC for a $1.7 million profit, according to records at the Pitkin County clerk and recorder’s office.Aspen-Fountain Square Properties still owns the well-known Boomerang Lodge across the street. The company currently has an application before City Council to add more units to the existing Boomerang Lodge.Steve Stunda, the local managing partner for Aspen-Fountain Square Properties, said the deal allows him to focus on the lodge expansion. Now someone else will be able to develop the free-market lots.”I have my hands full with the expansion, and we’ll let somebody else handle that,” he said. He declined to comment further on the deal.Paterson had originally planned to expand the lodge operation on the vacant land, but the City Council later rezoned the lot to allow single-family homes.Randy Egan, the managing member for Aspen Devco, declined to comment on the deal until he conferred with his attorney.


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