Business Monday Briefs: Aspen Club refinancing pushed to mid-August
July 15, 2018
Aspen Club refinancing pushed to mid-August
The president of The Aspen Club said Friday the refinancing plan that had been expected to be secured by June's end has been moved to the middle of August.
"We're pushing hard to close it and we've got a lot of paper flying around," Michael Fox said.
The same lender, an insurance company that invests in real estate deals, remains in play, Fox said.
The Aspen Club closed in April 2017 for the redevelopment project, which calls for a remodeled 40,000-square-foot Aspen Club and Spa building. Also included is a 54,000-square-foot lodge with 20 timeshares, which comprises 36,000 square feet of townhouse units and 18,000 square feet of club units. Another 13,600 square feet of development would account for 12 multi-family affordable-housing units.
Foreclosure actions, liens and litigation have bogged down the construction project, where limited work is being done, since last fall.
Recommended Stories For You
Snowmass Tourism announces job appointments
Snowmass Tourism recently announced the appointments of Friederike French and Owen Green to its group sales department.
French, a Roaring Fork Valley resident, joins the group as national sales manager, and Green moves from the Snowmass Tourism marketing department to the new position of group sales specialist. Both began their positions July 9.
French has lived in the valley for nearly 20 years working with tour operators including Ski Wild West/America Ski & Sun Holidays as well as North American Hosts. She served as an ambassador on Snowmass for Aspen Skiing Co. and has worked as a real estate agent with RE/MAX and Mason & Morse, as well as at the Aspen Club Lodge.
In her new role, French will work with the Snowmass group sales department to bring groups and conferences to Snowmass.
Green previously held the position of online marketing coordinator with Snowmass Tourism, where his duties included content, email and digital marketing. Green has worked in the travel and tourism industry for five years, with stints at Exclusive Resorts and The Residences at The Little Nell before joining the Snowmass Tourism team.
In his new role, Green will work to bring ski groups to Snowmass Village, in addition to coordinating group sales and travel trade familiarization trips.
Accolades for brokers at Sotheby's
Aspen Snowmass Sotheby's International Realty recently announced that three of its brokers were recognized on the 2018 REAL Trends/The Wall Street Journal "Top Thousand," a summary of the top 1,000 independent real estate agents and teams in the United States.
Craig Morris ranked No. 50, Andrew Ernemann No. 75 and Chris Klug No. 212 nationally on the 2018 Individuals by Transaction Volume list.
Trending In: Local
- Man arrested for alleged sexual contact in Aspen bar
- Skier who died Sunday at Quandary Peak identified
- Aspen police: State agency assisting in investigation of former Aspen Skiing Co. director
- Backcountry skier killed on Quandary Peak south of Breckenridge
- Business Monday: Aspen native takes second-home experience to Los Cabos