Higher Occupancy in Aspen Fractional Units Print E-mail
Written by Nick Copley   
Wednesday, 14 December 2011 16:09

In a recently issued report, the town of Aspen, Colorado says that its fractional and private residence club units see higher occupancy than traditional hospitality lodging.

 The report concluded:

  • Occupancy "averages" approximately 60%-65% year round. 
  •  During "high seasons" (typically July and January/February), occupancy can be in the 80-95% range 
  • During "off-season" (April/May and November) occupancy drops to the 20-25% range 
  • It is perceived that occupancy in fractional units is slightly higher on average over traditional lodging.

Aspen has several fractional residence clubs, which represent a total of about 13% of all lodging in Aspen. 

The data below shows the total number of sales/re-sales that the report author calculated

Property Sales/Re-Sales  Units       CofO Issuance
Dancing Bear Lodge 40 9 2009
Grand Aspen Hyat 173 51 2007
Innsbruck In 82 17 2008
Residences at Little Nel 174 24 2009
St. Regis Residence Club 385 24 2005
Ritz Carlton Club 1,008 73 2001
Total 1,573 198

 

The full report is available here on the Aspen and Pitkin County website.

 

About the Author:  Julie Ann Woods, President of the Elk Mountains Planning Group authored this study in September/October 2011.  She is the former Community Development Director for the City of Aspen.
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Last Updated on Wednesday, 14 December 2011 16:38
 
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