An unidentified buyer has paid the princely sum of $11.25 million for the land where a new hotel and interval ownership units are planned at one of Aspen's ski lifts.Bill Murney and Jeff Cunningham of CB Richard Ellis' Phoenix office represented the seller, Savanah LP of Marina Del Ray, CA.
The property is on the northwest corner of Aspen and Dan streets. It consists of three parcels: two are undeveloped and represent one of the few developable land parcels in Aspen. A 21-unit apartment building sits on the third parcel.
A new hotel and additional timeshare units are proposed to be built on the land, which is situated at the base of Shadow Mountain. The new properties would provide easy access to skiing within downtown Aspen and spectacular views of the surrounding mountains, according to the brokers.
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