KETCHUM, ID—Aspen Skiing Co. has closed on a property here, purchased from Bald Mountain, LLC, to be developed as a new Limelight Hotel, modeled after the company’s existing property in Aspen, CO.
The property, near Sun Valley’s River Run base of Bald Mountain, was approved by the City of Ketchum and current entitlements include 119 guestrooms and suites, plus 11 free-market residential units. Aspen Skiing Co. will ask the city for some minor modifications to the approved project to better reflect the Limelight brand, including a reconfiguration of the main floor, according to the company.
Aspen Skiing Co. purchased the Limelight in Aspen in 2010 from the Paas/Woolery families. The property features large guestrooms, a lounge, expanded continental breakfast, a lobby restaurant and adventure programming for guests.
“We believe that the Limelight would be a great fit for this site and the community,” stated Don Schuster, VP/hospitality, Aspen Skiing Co. “We feel the timing is right to grow the Limelight brand and that this property in downtown Ketchum is an ideal location. We look forward to being a part of this great community.”
Bald Mountain’s Steve Burnstead commented, “We would like to thank the City of Ketchum for their cooperation and flexibility on this project, as well as extending the development agreement through the recessionary period.”