January 2010

Junk/Liquid Sky To Become Base Camp

Junk/Liquid Sky To Become Base Camp
Developer and landlord, Related WestPac, has looked to a longtime local and Snowmass restaurateur to open and operate a new eatery and apre-ski location at Base Village in Snowmass. The new restaurant, called Base Camp, will open on President's Day Weekend (Feb.12-15) in the same space originally occupied by Junk/Liquid Sky. It will focus more on lunch and casual bar food at apre ski.  Junk/Liquid Sky opened at the end of 2008 as a restaurant and night club. The establishment, as operated, did not survive the year and the space was taken back by Related WestPac. After being approved for liquor licensing, Related WestPac announced the opening date for Scott Callaham's Base Camp.
Posted by Missi on January 28, 2010 in
Comments

Skier Traffic Up

Skier Traffic Up

According to the Aspen Skiing Company, skier traffic for Aspen-Snowmass was up for the early part of the ski season relative to last year and in comparison to other Colorado resorts. Skier numbers indicate that Aspen Skier traffic was up about 5%. 

PHOTO BY TAYLOR FELDMAN 

Posted by Missi on January 27, 2010 in
Comments

Extreme Bookings For Aspen

Extreme Bookings For Aspen

Aspen is gearing up for the busiest weekend it's seen in possibly two years.  Winter X Games 14 takes place at Buttermilk Mountain this weekend January 28-31. Aspen Chamber Resort is predicting a nearly complete sell out in lodging for the Aspen area for the weekend event. It's being said that the upsurge in bookings is a true sign of the improving resort economy in Aspen following the Recession.

PHOTO BY TAYLOR FELDMAN

Posted by Missi on January 27, 2010 in
Comments

International Luxury Real Estate Conference in Rome, Italy

International Luxury Real Estate Conference in Rome, Italy

Last week, I attended the 5th Annual Luxury Real Estate International Conference  at the Ambasciatori Palace in Rome, Italy.

The conference was hosted by John Brian Losh, Chairman and CEO of Luxury Real Estate (LuxuryRealEstate.com and Who’s Who in Luxury Real Estate), a membership-driven luxury brokerage assemblage based in Seattle, Washington. The network includes the most prominent global luxury brokers and meets three times each year, nationally and internationally, to discuss current real estate trends.

The recent conference in Rome covered multiple topics of great interest to those who serve the high net-worth demographic. An ongoing theme, covered at each of the conferences, is the state of luxury market around the world. Discussions focused on what strategies are most effective in the current world economy, ways to build business and establish connections in international markets and using social media tools to impact your business.

Several attendees followed the conference with networking events at Castello di Casole in Tuscany and in Venice and Florence.  Many continued on to participate in the Luxury Real Estate European Ski Trip in Colfosco, Italy.

LuxuryRealEstate.com, a 2009 Webby Award Honoree, has been voted ‘Best of the Web’ by Forbes magazine multiple times, praised by the International Herald Tribune, Town & Country, the Wall Street Journal and has been ranked ‘Best Website’ by consumers according to surveys by the Luxury Institute. Since its debut in 1995, LuxuryRealEstate.com has remained the #1 portal for luxury properties on the internet, consistently driving more traffic to member websites and generating more qualified inquiries than any other website. LuxuryRealEstate.com has several times more $1,000,000+ content of any near-peer.

Also known in the industry as the Who’s Who in Luxury Real Estate network, a global collection of the finest luxury real estate brokers in the world, this group of more than 1000 brokerage firms and 95,000 professionals in more than 65 countries collectively sells in excess of $190 billion of real estate annually, with an average sale price of $2,450,000. Members sell homes for record prices and handle transactions of incredible complexity and magnitude with complete discretion. Every member is carefully selected by CEO/Publisher John Brian Losh, one of REALTOR Magazine’s 25 Most Influential People in Real Estate and broker of fine properties and estates through his Seattle-based brokerage firm, Ewing & Clark, Inc.

Posted by gary on January 26, 2010 in
Comments

Who's Surviving The Recession?

Who's Surviving The Recession?

Several businesses are prospering in Aspen, despite the tough economic times of late. Aspen's Grateful Deli, the new sandwich shop in town, Susann's Hair Salon, Paradise Bakery and Little Annie's are all reporting either growth in business, or an up or "good" year in 2009.  All these businesses state that they have cut prices or offered specials, which they believe have helped in their good fortunes.

PHOTO BY TAYLOR FELDMAN 

Posted by Missi on January 25, 2010 in
Comments

Aspen Airport Traffic Up

Aspen Airport Traffic Up

Many sectors of the Aspen and Roaring Fork Valley economies suffered significantly in 2009.  For example, the news today focuses on reduced retail sales in 2009 and the "crippled" construction industry in Aspen.  On the up-side, Aspen-Pitkin County Airport reported that the overall capacity last year at the Aspen Airport increased significantly.  Aviation and tourism officials attribute the growth in 2009 to increased competition among the air carriers flying into Aspen.  For example, Frontier Airlines started daily flights into Aspen from Denver and completed their first year of business in the Aspen market last year.  The overall increased number flights forced ticket prices down in 2009, encouraging tourists and especially locals to fly into and out of Aspen.     

Posted by Missi on January 22, 2010 in
Comments

Aspen Concert to Benefit Mercy and Sharing In Haiti

Aspen Concert to Benefit Mercy and Sharing In Haiti
The Mercy and Sharing Foundation, lead by Aspen's Susie and Joe Krabacher, is the Haiti based charitable organization helping especially the underprivileged children in troubled Haiti.  They continue to assess damage and rebuild the Foundation's charitable facilities, following the debilitating January 12, 2010 earthquake in Port Au Prince.  Mercy and Sharing Foundation will need continued support and donations far out into the future to fund their efforts in Haiti. There are several events planned in Aspen to support the efforts of the Foundation, including a concert at the Wheeler Opera House in Aspen on February 11. One hundred percent of the  price of tickets to the Aspen concert will go directly to the Mercy and Sharing Foundation.

Posted by Missi on January 21, 2010 in
Comments

Alpine Bank Fights For Right To Foreclose

Alpine Bank Fights For Right To Foreclose

Alpine Bank currently holds a $22.25 million note to Aspen Land Fund II, the developer of the proposed Lodge At Aspen.  The loan was initiated in March 2008 to fund the development planned at the base of Aspen Mountain on South Aspen Street.  The loan of course is secured by the real estate (land) on Aspen Street where the development is proposed.  However, Aspen Land Fund II filed for Chapter 11 protection in US Bankruptcy Court in September 2009.  Chapter 11 protection provisions would allow them reorganization of corporate finances, i.e. debt, and may prevent Alpine Bank from foreclosing on the Aspen property in the event of nonpayment on the loan.  Court documents do indicate that Aspen Land Fund II has not made monthly payments on the loan to Alpine Bank since they filed for Chapter 11 protection last September.  In turn, Alpine Bank has filed motions with the court asking for dismissal of the conditions of Chapter 11, which would allow the Aspen Bank to proceed with foreclosure action on the Aspen Street property.

Posted by Missi on January 21, 2010 in
Comments

SkiCo Markets Big City Skiers and Boarders

SkiCo Markets Big City Skiers and Boarders
As just a part of its overall marketing plan, Aspen Skiing Company has placed outside advertising (billboards) in three of its largest target markets.  Reportedly, several different billboards were located strategically around the cities of Chicago, Los Angeles and San Francisco.  One of them showcases Aspenite and Olympic snowboarder Gretchen Bleiler; another pictures an expert skier launching from a snowy cliff.  The billboards also feature all four of Aspen-Snowmass ski and snowboard areas, the SkiCo's website and advertise non-stop flights into the Aspen-Snowmass area.  The goal is to entice skiers and snowboarders to visit Aspen-Snowmass during the second part of the season and especially in the Spring.  The SkiCo explains that this is the most critical time in the season, when their business should move out of the red and into the black.
Posted by Missi on January 19, 2010 in
Comments

Pages