Hotel Aspen

Aspen, CO

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In 2003, HayMax Principals acquired a controlling interest in a partnership which owned 35 of the 45 condominiums known as the Hotel Aspen. The principals subsequently acquired the remaining 10 condominiums, enabling the partnership to control a substantial amount of land at the corner of Garmisch Street and Main Street in Aspen, Colorado.

Current ownership has invested considerable equity in re-positioning the asset, in addition to a rigorous hands-on management approach, which has produced strong financial performance.

HayMax Capital secured entitlements for the land that allow for the development of a new boutique luxury hotel with 54 rooms and three 5,000 square feet luxury homes.