“If you’re just joining us,” writes Post blogger Michael Conniff, “then you may not have heard the Hotel Jerome is now up for auction after its current set of owners turned out to be cash-poor at the worst possible time. But what you may not remember is how the City of Aspen turned its back on the Gaylord family, the previous owners of the Jerome, and all but forced them to sell out, albeit after the family made millions of dollars in profits. What was their sin? The Gaylord family wanted to add some fractional units to the Jerome, and the City threw up enough hurdles to render the idea moot. The Gaylords did the smart thing and got out while the getting was good.”
