ASPEN, CO—Aspen Skiing Company, a leading operator of ski resorts in North America, has formed a hospitality division, The Little Nell Hotel Group, a privately held hotel investment and management platform. Based here, The Little Nell Hotel Group will focus on the expansion of its Little Nell and Limelight Hotel brands, including and beyond mountain destinations. The Little Nell Hotel Group is bolstered by The Little Nell brand, which brings decades of international recognition and success in both the ski and hospitality industries.
The company’s portfolio of owned and operated hotels and residences currently consists of The Little Nell, a ski-in/ski-out hotel, and its affiliated Residences at The Little Nell, both located at the base of Aspen Mountain; and the upscale Limelight Hotel Aspen and Limelight Hotel Snowmass in Colorado, as well as the Limelight Hotel Ketchum/Sun Valley in Idaho. The company also owns and operates two mountain clubs (the Aspen Mountain Club and the Snowmass Mountain Club).
The Little Nell Hotel Group is actively seeking acquisition and development opportunities for its Little Nell and Limelight hospitality brands. “We are focused on executing our strategy to further invest in the hotel business as the owner-operator of high-quality hotel assets in leisure destinations,” said Alinio Azevedo, managing director and COO, The Little Nell Hotel Group. Most recently, the company welcomed Andy Reed, a seasoned hospitality development professional, to lead its development efforts and has partnered with The Plasencia Group as its lead financial advisor.
“This is an exciting time for Aspen Skiing Company and our hospitality division, who have spent years establishing two leading brands in The Little Nell and Limelight Hotels,” says Mike Kaplan, CEO of Aspen Skiing Company. “Alinio and team have developed a business strategy and the infrastructure to support the expansion of these brands into new markets, while staying focused on our existing properties.”