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What Would You Pay to Spend Christmas and New Year's in Aspen Every Year for Life?

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#vacation #aspen #newyears #christmas
Published
08/14/2017 by

Seasoned Aspen Luxury Realtor Gary Feldman has listed an incredibly unique opportunity for the right buyers: Christmas, New Year's, Food & Wine Classic weeks every year — all at the prestigious St. Regis Aspen Resort. Feldman represents the owner of an ultra-luxury, 3-bedroom, 2.5-bathroom condominium; as well as a 2-bedroom, 2-bathroom condominium — both fixed-week fractional interests — at the acclaimed resort, during these sought-after times of year. 

"Normally, a fractional condominium owner has the use of Christmas and/or New Year's weeks every four to six years," said Feldman. "In this case, the fractions have these guaranteed weeks every year. The owner does not have to deal with a hotel or rental agent to secure them; and is perfect for the buyer who doesn't want to own or manage a comparable home priced at $7–$8 million."

The 3-bedroom, 2.5-bathroom property is offered at $1.35 million; the 2-bedroom, 2-bathroom for $950,000. The residences include access to the admired amenities at The St. Regis Aspen Resort, including the Remède Spa, voted #1 Spa in the World by Travel + Leisure in 2014. Other impressive amenities include Trecento Quindici Decano restaurant, Shadow Mountain Lounge, Chefs Club by Food & Wine, complimentary Lexus courtesy vehicles, an outdoor heated pool, fitness center and world-class resort concierge services.

Examples of alternative possibilities* to owning the St. Regis fractional interests offered by Feldman include:

  • The 3/3 condominium at The St. Regis Aspen Resort rents for $6,500 per night for New Year's Eve week, coming to a total of $45,500.
  • The Little Nell fractional units are being listed at approximately $1.1–$1.2 million. There, it is unlikely that a buyer would be able to occupy the property during both Christmas and New Year's weeks, and the buyer would only get one of those two weeks every three to four years, based on rotation.
  • The most similar property to The St. Regis Aspen Resort for whole ownership, which would include hotel amenities similar to The St. Regis, is The Hotel Jerome Residences at The Mill.  The asking prices for these residences are $7–8 million. 
  • The asking price for a 4-bedroom, 4-bathroom penthouse at the Dancing Bear Aspen (without hotel amenities) is $30 million.    

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