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Business Monday: Hotel sales around Aspen topping last year with $310M in commercial transactions so far for 2021

The 2021 commercial market has seen $317 million in total sales volume through November, topping all 12 months of 2020, which recorded $289 million in total commercial sales, as well as in 2019, which saws $72.6 million trade hands.

Casa Tua spared eviction as downtown Aspen building sells for $17 million

Casa Tua restaurant in downtown Aspen. (Anna Stonehouse/The Aspen Times file) The part of the old Guido’s Swiss Inn building that is currently home to an upscale restaurant recently sold for $17 million to a subsidiary of the Reuben Brothers global investment firm. The deal was recorded Monday in the Pitkin County Clerk & Recorder’s Office and comes on the heels of a court settlement between the property’s previous owner/landlord and tenant Casa Tua. Records of the transaction identified the seller as Guidos Swiss Inn LLC and the buyer as CT Aspen Propco LLC. The company CT Aspen Propco was registered to do business in Colorado on July 28, according to filings with the secretary of state’s office.

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