June 12, 2017 Comments Off on Construction Financing Secured, W Hotel Aspen Breaks Ground Views: 482 Colorado, National News, Southwest

Construction Financing Secured, W Hotel Aspen Breaks Ground

Washington, D.C.-based Northridge Capital, LLC, in partnership with Aspen, CO-based Sarpa Development, secured construction financing for the redevelopment of the Sky Hotel in Aspen, CO as a Marriott International W Hotels-flagged property. W Aspen and The Sky Residences at W Aspen is slated to open for the 2018-19 winter ski season, and will be W Hotels Worldwide’s first alpine escape in North America.

Northridge broke ground on the project, that is prominently located at the base of Aspen Mountain in the heart of town. The modern-day mountain chalet will offer 88 guestrooms, including six suites, and 11 W-branded fractional residences.

An oversized split-level Living Room will offer a modern approach to dynamic cocktails and cuisine. The hotel will feature a 1,600 square foot outdoor patio, and a 12,000 square foot rooftop bar and pool.

An entity owned by funds managed by Fortress Investment Group LLC is providing construction financing.

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