Aspen mayor Mick Ireland is sour over his city's lack of presence at tomorrow's public bidding for the foreclosed Mountain House Lodge bed and breakfast, which will be going up for public auction on the steps of the Pitkin County Couthouse with a minimum bid of $5.5 million. Much like the hubhub Curbed Ski reported on yesterday about the most expensive penthouse ever to be put on sale in downtown Aspen, Ireland has been fighting a battle against developers who would suck downtown Aspen dry of affordable lodging and restaurants, as well as iconic shops, and replace them with cash-producing private penthouses and condos.
The pushback from city council came from their unwillingness to see the city get involved in the lodging business. They'll still be bummed to see another piece of mid-priced lodging go out the door; the Mountain House's $200/night peak season rates are a smoking deal compared to the average February daily rate of $468. Nonetheless, the Breckenridge-based owners, who went into foreclosure on the property this past November while owing $5.86 million on their $8.54 million loan, could try one last-ditch effort to keep the bed and breakfast in their hands by filing for bankruptcy today. Curbed will be watching.
· Mountain House foreclosure auction will not affect city [Aspen Daily News]