East West, KSL to buy Snowmass Base Village

By Jill Beathard

ASPEN — After a long and rocky road, Related Cos. is exiting the Snowmass Base Village.KSL Capital Partners, LLC, a private equity firm with offices in Denver, and East West Partners, the Avon-based developer of Beaver Creek, have agreed to purchase all of Base Village except for Lot 2 from Snowmass Acquisition Co., the subsidiary of Related Cos. that acquired the stalled development in 2012. The agreement is contingent on the Snowmass Village Town Council’s final approval of amendments to current plans for the stalled project.Snowmass Acquisition Co. purchased the assets in 2012 for $90 million, nearly half of the …

Source:: Vail Daily Feed