WASHINGTON—Northridge Capital LLC, owner of the Sky Hotel in Aspen, CO, in partnership with developer Sarpa Development closed last month on construction financing for a redevelopment of the property.
Construction permits for the project were obtained from the City of Aspen, and it broke ground on May 26. Northridge selected Marriott International’s W Hotels as operator for the new hotel and residences last year. An entity owned by one or more funds managed, directly or indirectly, by Fortress Investment Group LLC is providing construction financing, and Haselden Construction of Denver is the general contractor.
Rowland+Broughton Architecture of Aspen and Nemaworkshop of New York City are designing W Aspen in partnership with W’s in-house design team. The design will be locally inspired and the building transformed into a modern-day mountain chalet, offering 88 guestrooms, six suites, and 11 W-branded fractional residences.
An oversized split-level living room, the brand’s alternative to the hotel lobby, reimagines the traditional hotel dining scene with a modern approach to cocktails and cuisine. In addition, the hotel will have a 1,600-sq.-ft. outdoor patio and a 12,000-sq.-ft. rooftop bar and pool, overlooking Aspen Mountain.
A full-service ski shop will provide equipment rentals and storage capabilities, while an 1,100-sq.-ft. FIT, serves as the W brand’s modern gym concept. There is also more than 1,600 sq. ft. of event and meeting space.