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.