Hotel Jerome Sold for $69.1 Million to Auberge Board Member
The historic Hotel Jerome sold for $69.1 Million on Monday according to Pitkin County assessor records. The sale makes it one of the largest commercial real estate transactions for a single property in downtown Aspen in recent years.
The new owner is Houston businessman Dan Friedkin. He also bought an adjacent property for $3.35 Million that was once the Aspen Times office. Friedkin is the majority shareholder of Auberge Resorts Collection – the company that manages the Jerome, along with other high-end hotels.
The seller was Chicago-based Don Wilson, the managing partner of DRW Real Estate. He bought the 93-room hotel on Main Street out of foreclosure in 2009 for between $25 to $36 Million, according to conflicting media reports. DRW then invested over $20 Million on a major renovation of the 113,000 square foot building in 2012.
Tony DiLucia is the hotel’s general manager. He says he couldn’t more pleased to have Friedkin as the new owner.
“So, here is a guy that truly wants to be in the hospitality, hotel business. Again, it’s handing over stewardship. Don did his magic with his team and re-did this whole hotel which we are so grateful for. They are into the whole what this hotel means to our community.”
All operations and staff will remain the same at the Hotel Jerome.