Boulder group buys Aspen Club out of foreclosure
ASPEN — Meriwether Cos., a Boulder-based real estate investment and development company, announced this week that it has purchased the Aspen Club & Spa site, with plans to build a new resort on the five-acre property.
The company partnered with Revere Capital and Fireside Investments LLC to purchase the dormant property for just under $52.6 million after posting the winning bid last month at a Pitkin County foreclosure auction.
The former owners, a group led by Michael Fox, attempted to redevelop the Aspen Club, which began as a tennis facility in 1976, but ran into financial…
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