Explore Booksellers Bought by Non-Profit Group
Aspen’s Explore Booksellers has a new owner. A corporation under the umbrella of the Public Interest Network purchased the historic building and book business for five million dollars. The sale closed earlier today.
The bookstore opened as usual on Friday, but with new owners. Previous owners Sam and Cheryl Wyly listed the property in June. Since then, efforts have formed around preserving the business – Aspen’s only bookstore.
The Public Interest Network stepped in and the sale was finalized Friday. Real estate broker Bob Ritchie represented the buyers.
“Right now they plan to operate it exactly how it’s been operated. They’ve rehired all of the same employees.”
Karen Setterfield is the real estate agent who worked with the sellers.
“I call it a win-win-win. It’s good for the buyer, the seller, it’s good for the community, it’s good for the bookstore and the property and it’s good for Pyramid Bistro, the tenant in the property.”
Ritchie says the new owners plan to bring to Explore interesting speakers and talks, and deepen ties with the Aspen Institute.