The new ownership of The Aspen Club & Spa last week paid off more than $30 million in debts and interest owed to creditors and construction firms for work and materials related to the expansion and remodel of the property on the east side of town.
“It was part of our business plan to get them paid in full,” said Clark Briner of Revere Capital on Friday.
The Aspen Club & Spa on Wednesday, Feb. 3, 2021. (Kelsey Brunner/The Aspen Times)
Revere and resort and hotel developer Meriwether Co. completed their acquisition of the property, 1450 Ute Ave., on Feb. 3 after bidding $52.59 million at a foreclosure auction Jan. 6.
Interview: Michael Schwab, Adventure Capitalist
Big Sky Partners
Michael B. Schwab, founder and Managing Director of Big Sky Partners, is an active investment professional with nearly a decade of experience investing in and mentoring, early stage companies through all stages of company growth and technology/product development.
Since founding Big Sky in 1999, he has specialized in seed and Series A technology financing, applying multi-sector investment strategies with a particular focus on the cleantech and alternative energy sectors.
Mr. Schwab often helps beginning entrepreneurs create significant strategic contacts within the clean energy, photovoltaic, next-generation Internet and global financial services industries, as well as broad exposure to emerging real estate investment opportunities.