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The Aspen Club & Spa is going to foreclosure sale Jan. 6, and the new owner will be responsible for paying approximately $80 million in debt attached to the property. Ninth Judicial District Judge Denise Lynch signed an order Monday approving the sale after there were no legal challenges to foreclosing party GPIF Aspen’s proposal to put the property on the auction block. As normally scheduled, the sale would be held publicly on the front steps of the Pitkin County Courthouse. Based on where public health orders stand the first week of January, it is unclear whether the auction would be held virtually or in-person. The Pitkin County Treasurer’s Office will conduct the auction, with the highest bidder taking ownership of a property where a major redevelopment project has sat in limbo since the fall of 2017 because of the previous ownership’s financial struggles and inability to pay contractors.

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