{"id":2457710,"date":"2020-04-27T00:00:00","date_gmt":"2020-04-27T06:00:00","guid":{"rendered":"https:\/\/www.aspentimes.com\/?p=324946"},"modified":"2020-04-27T00:00:00","modified_gmt":"2020-04-27T06:00:00","slug":"snowmass-lodges-sell-for-14m-challenge-aspen-eyes-one","status":"publish","type":"post","link":"https:\/\/alwaysmountaintime.com\/kspn\/local-news\/snowmass-lodges-sell-for-14m-challenge-aspen-eyes-one\/","title":{"rendered":"Snowmass lodges sell for $14M; Challenge Aspen eyes one"},"content":{"rendered":"<figure class=\"wp-block-image p402_hide\">\n<div class=\"caption-container\"> <img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/cdn.aspentimes.com\/wp-content\/uploads\/sites\/5\/2020\/04\/smvchalet-atd-042720-1024x576.jpg\" class=\"attachment-large size-large wp-post-image\" alt srcset=\"https:\/\/cdn.aspentimes.com\/wp-content\/uploads\/sites\/5\/2020\/04\/smvchalet-atd-042720-1024x576.jpg 1024w, https:\/\/cdn.aspentimes.com\/wp-content\/uploads\/sites\/5\/2020\/04\/smvchalet-atd-042720-300x169.jpg 300w, https:\/\/cdn.aspentimes.com\/wp-content\/uploads\/sites\/5\/2020\/04\/smvchalet-atd-042720-768x432.jpg 768w, https:\/\/cdn.aspentimes.com\/wp-content\/uploads\/sites\/5\/2020\/04\/smvchalet-atd-042720-1536x864.jpg 1536w, https:\/\/cdn.aspentimes.com\/wp-content\/uploads\/sites\/5\/2020\/04\/smvchalet-atd-042720.jpg 1778w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"><figcaption><strong>The Snowmass Mountain Chalet and the Snowmass Inn sold for a combined $14 million last week. Challenge Aspen is eyeing the possible purchase of the chalet from the new owner, who is a member of the nonprofit\u2019s national council.<\/strong><br \/><em>David Krause\/The Aspen Times<\/em><\/figcaption><\/div>\n<\/figure>\n<p class=\"STND-STND BodyText\">A limited liability company controlled by a member of the national council for Challenge Aspen has acquired two slopeside lodges in Snowmass Village for a combined $14 million with the intent to sell one of them to the nonprofit in the future.<\/p>\n<p class=\"STND-STND BodyText\">Challenge Aspen CEO Jeff Hauser confirmed Friday the nonprofit is working with the new owner, which is called CA Loan I LLC, to possibly buy the 64-room Snowmass Mountain Chalet.<\/p>\n<p class=\"STND-STND BodyText\">The 37,747-square-foot hotel, which is located next to the Fanny Hill run, would be used as both a lodge and Challenge Aspen\u2019s home office, Hauser said. The organization\u2019s current headquarters are in the village and located near the lodge.<\/p>\n<p class=\"STND-STND BodyText\">Also included in the purchase, which was recorded April 20 by the Pitkin County Clerk and Recorder\u2019s Office, was the smaller 9,360-square-foot Snowmass Inn, located down Fanny Hill from the chalet.<\/p>\n<div class=\"row\">\n<div class=\"col\" readability=\"6\">\n<div class=\"row at-donation at-donation-mobile p-0\" readability=\"7\">\n<div class=\"col-xl-4 p-2\">\n<div data-bg=\"url(https:\/\/cdn.aspentimes.com\/wp-content\/uploads\/sites\/5\/2020\/03\/AT-logo-white.png)\" class=\"p-0 mt-2 mb-2 h-75 text-center rocket-lazyload\"><img decoding=\"async\" src=\"https:\/\/cdn.aspentimes.com\/wp-content\/uploads\/sites\/5\/2020\/03\/AT-logo-white.png\" class=\"logo m-0 p-0 invisible\"><\/div>\n<\/div>\n<p><h3 class=\"d-inline mr-3\">Support Local Journalism<\/h3>\n<p><button class=\"btn d-inline\" type=\"button\" onclick=\"handleDonationButtonClickMidArticle()\">Donate<\/button><\/p>\n<\/div>\n<p><\/div>\n<\/div>\n<p class=\"STND-STND BodyText\">Hauser said <a id=\"N0x2c9dc70N0x2ca35d0:N0x2c9dc70N0x2de3240\" href=\"https:\/\/challengeaspen.org\/\" target=\"_blank\" rel=\"noopener noreferrer\">Challenge Aspen<\/a><i class=\"fas fa-external-link-alt\"><\/i> \u2014 which works with disabled people to enjoy outdoor recreation \u2014 is not interested in buying that property, which is run by the same hotel operations company.<\/p>\n<p class=\"STND-STND BodyText\">\u201cWe\u2019ve had it in our strategic plan for a couple of years now to see if we could acquire some housing for our participants when they come here for various retreats and camps,\u201d he said. \u201cWe\u2019ve got a multitude of uses for commercial lodging as a recruitment tool for new employees, and as a way to house our veterans and guests.\u201d<\/p>\n<p class=\"STND-STND BodyText\">The seller of the two properties were two LLCs controlled by New York-based The Related Companies, <a id=\"N0x2c9dc70N0x2ca3630:N0x2c9dc70N0x2de33f0\" href=\"https:\/\/www.aspentimes.com\/news\/aspen-skiing-co-and-partners-complete-purchase-of-snowmass-base-village\/\">which sold Base Village in Snowmass<\/a> to the Crown family, which owns Aspen Skiing Co., and KSL and East-West Partners in December 2016.<\/p>\n<p class=\"STND-STND BodyText\">Related officials did not return messages last week, and an employee at the lodge and inn, both of which are closed because of public-health orders related to the pandemic, declined comment.<\/p>\n<p class=\"STND-STND BodyText\">\u201cThose properties had been for sale for a while,\u201d Hauser said, \u201cand we have been so fortunate that the buyer is a friend of the organization.<\/p>\n<p class=\"STND-STND BodyText\">\u201cHe stepped up and made this purchase of the hotel and that gives us some time to figure out how we might acquire the Mountain Chalet from him, and it\u2019s a huge step forward. Now we\u2019ve got figure out how to make it work.\u201d<\/p>\n<p class=\"STND-STND BodyText\">A capital fundraising campaign is one of multiple approaches the organization is considering in advance of a possible purchase, Hauser said.<\/p>\n<p class=\"STND-STND BodyText\">\u201cThere are many steps that have to happen,\u201d he said. \u201cHopefully we can pull this together and make it happen. It\u2019s not a given and that is why I\u2019m being a little bit vague.\u201d<\/p>\n<p class=\"STND-STND BodyText\">Challenge Aspen has partnered with the chalet over the years to house guests, and the deal would make a lot of sense for the organization, Hauser said.<\/p>\n<p class=\"STND-STND BodyText\">The nonprofit was one of the first local organizations to address the coronavirus when March 4 it <a id=\"N0x2c9dc70N0x2ca3750:N0x2c9dc70N0x2de3900\" href=\"https:\/\/www.aspentimes.com\/news\/national-disabled-veterans-winter-sports-clinic-in-snowmass-canceled-because-of-coronoavirus-concerns\/\">canceled the National Disabled Veterans Winter Sports Clinic<\/a>. That was before Aspen and Colorado had declared a state of emergency. The organization now has a <a id=\"N0x2c9dc70N0x2ca37b0:N0x2c9dc70N0x2de3990\" href=\"https:\/\/www.aspentimes.com\/news\/its-on-us-challenge-aspen-facilitates-virtual-connection-among-athletes-volunteers\/\">multitude of online offerings<\/a> to keep its member base engaged.<\/p>\n<p class=\"STND-STND BodyText\">\u201cWe decided, let\u2019s not waste a good crisis,\u201d Hauser said. \u201cNow is the time to be really innovative.\u201d<\/p>\n<p class=\"STND-STND BodyText Tagline\"><a href=\"mailto:rcarroll@aspentimes.com\">rcarroll@aspentimes.com<\/a><\/p>\n<p><a href=\"https:\/\/www.aspentimes.com\/news\/local\/snowmass-lodges-sell-for-14m-challenge-aspen-eyes-one\/\" target=\"_blank\" rel=\"noopener noreferrer\">via:: The Aspen Times<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Snowmass Mountain Chalet and the Snowmass Inn sold for a combined $14 million last week. Challenge Aspen is eyeing the possible purchase of the chalet from the new owner, who is a member of the nonprofit\u2019s national council.David Krause\/The Aspen Times A limited liability company controlled by a member of the national council for [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[49],"tags":[],"class_list":["post-2457710","post","type-post","status-publish","format-standard","category-local-news"],"acf":[],"publishpress_future_action":{"enabled":false,"date":"2026-08-17 22:38:18","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"distributor_meta":false,"distributor_terms":false,"distributor_media":false,"distributor_original_site_name":"KSPN The Valley&#039;s Quality Rock","distributor_original_site_url":"https:\/\/alwaysmountaintime.com\/kspn","push-errors":false,"_links":{"self":[{"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/posts\/2457710","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/comments?post=2457710"}],"version-history":[{"count":0,"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/posts\/2457710\/revisions"}],"wp:attachment":[{"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/media?parent=2457710"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/categories?post=2457710"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/tags?post=2457710"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}