Hotel Aspen
Aspen, CO
In 2003, HayMax Principals acquired a controlling interest in a partnership that 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.
HayMax Capital secured entitlements for the land that allows for the development of a new boutique luxury hotel with 54 rooms and three 5,000 square feet luxury homes, adding substantial value to the asset. HayMax sold the property in October 2021 for $37.5 million.
