For sale: A half-interest in a lodge
Aspen Times Staff Writer
Half-interest in The Mountain House, a longtime lodge on Aspen’s east side, went on the market this week for $2.46 million.
Part-owner John Werner said he’s exploring options for the lodge’s future and seeking a new partner in the business.
Ralph Melville, whose family owns the Mountain Chalet, paired up with Werner to open The Mountain House in 1986. With the Mountain Chalet undergoing its own expansion, the family is ready to let go of its half-interest in The Mountain House, Werner said.
Werner purchased what was once one and a half lots at the corner of East Hopkins Avenue and West End Street from Rick Rosen in 1974. Longtime Aspenites will remember when Rick’s Racks occupied the site.
Werner rebuilt Rick’s Racks as the Endeavor Lodge. In 1986, with the acquisition of some adjoining land, the Mountain House was constructed. The bed-and-breakfast offers 24 rooms, plus employee housing, on four city lots, or 12,000 square feet.
“I’m looking for a new partner, and we’re exploring with the city what we can do,” Werner said.
He said he’s exploring the potential for condominiumizing the lodge, an arrangement that allows the sale of units to individual buyers, but can also keep them in the short-term rental pool.
Another option ” selling fractional shares or timeshares in the lodge units ” doesn’t especially appeal to Werner.
“I’m more interested in something that keeps the vitality of a small lodge,” he said.
[Janet Urquhart’s e-mail address is firstname.lastname@example.org]