Starwood Hotels has found a buyer to purchase the St. Regis Aspen after two years of being for sale. OptAsia, an investment bank that specializes in hotel and hospitality is under contract to purchase the property. According to the local assessor the hotel is worth $79.5M.
The St. Regis has 179 guest rooms and suites and will be managed with the signing of a long term agreement with the St. Regis. The hotel and its services will remain the same. It is rumored the new owner has agreed to spend around $20M to improve the hotel with renovations. The sale is set to close sometime around the end of September 2010. This is the second time the hotel has changed hands. It was first sold by the Ritz Carlton back in 1997. Starwood Hotels is in the process of selling real estate holdings and concentrating instead on securing long management hotel contracts.
Whereas, Aspen – The St. Regis Residence Club Resort that was created about 10 years ago with additional hotel rooms converted to 25 fractional ownership suites will not be part of the sale and will remain under St. Regis management. We do rent these luxury suites:
The St. Regis Residence Club Resort offers 5 star accommodations in Aspen. Luxury 2 and 3 bedroom suites that are furnished with everything one needs, including: large flat screen TV’s in each room, housekeeping twice daily, concierge service, airport transports, heated exterior pool, and the new Remede Spa with over 20,000 square feet to soothe and relax.
• Fully outfitted gourmet kitchens with a personal chef at your request
• Stone Fireplaces
• 30? Flat screen, LCD televisions
• DVD players
• In-room digital music, movies & game system
• High-speed wired and wireless internet
• Multiple cordless telephones
• BOSE CD/Clock Radio
• Personalized stocked refrigerator upon request
• Twice daily housekeeping, including nightly turndown
• Marble bathrooms with double vanities
• Luxurious bath amenities and linens
Feel free to contact me by email firstname.lastname@example.org or by phone (970) 319-9719.
Please contact me now for great opportunities in Aspen Real Estate and Snowmass Real Estate. Please also contact me now for more information on rentals in Aspen and Snowmass Village or see my website www.aspen-snowmass-realestate.com .
I CAN HELP YOU BUY, SELL, OR RENT PROPERTIES.
Roget Kuhn Owner/ Broker-Realtor
“An Honest Approach to Real Estate and Rentals”
Aspen Snowmass Real Estate
303 1/2 E. Main St.
Aspen, CO 81611