Sardy House under contract
August 18, 2007
ASPEN ” A Florida concern with ties to the hospitality industry is poised to acquire the historic Sardy House, broker Joshua Saslove confirmed Friday.
“It’s under contract, and the people who have it under contract are in town,” he said.
Saslove said the deal is expected to close “within the month” ” but declined to name the buyers.
One of Aspen’s most historic buildings, the 16,000-square-foot Sardy House went on the market last month with a price tag of $21.5 million. The 128 E. Main St. address is expected to fetch an amount in that range, Saslove said.
Hedge-funds mogul John Devaney purchased the private home in November for $16.5 million from Daniel Delano and Frank Peters, who ran it as a bed-and-breakfast for 21 years. It’s one of several assets the CEO of Florida-based United Capital Asset Management has put up for sale in the wake of a shaky subprime mortgage market that forced his firm to freeze some $620 million in assets.
Devaney also is trying to sell his 142-foot yacht ” “Positive Carry” ” which is named after an investment strategy, for $23.5 million. And Friday, The New York Post reported that his corporate helicopter is being marketed for $10,995,000.
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Devaney, who spent $250,000 in December to keep the home’s 90-foot Christmas tree lit, could not be reached for comment. His company has said it is not speaking about its financial setbacks, or Devaney’s apparent fire sale.
The Sardy House was built in 1892. It has had five owners (not including the future buyers), including Aspen visionary Tom Sardy, who ran it as a funeral parlor and hospital for some 40 years before selling it to Delano and Peters in 1985.
Rick Carroll can be reached via e-mail at firstname.lastname@example.org