Aspen Hotel, Fractional, Condo & Mixed-Use Study Aspen, Colorado Hunden Strategic Partners was retained by a developer to investigate the hospitality real estate market in Aspen, specifically as it relates to a 15,000-square foot site downtown. Given the local restrictions, it was planned as a four-story project, plus a basement level for parking. The first floor would be dedicated to retail, restaurant and lobby. Unlike most markets, Aspen offered multiple options for development of the property. As originally contemplated, the project would consist of six very large residential condominiums. However, the developer wished to understand the hotel options, including fractional, condotel and any other alternatives. The objective of the report was to provide an analysis of the su

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