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Frequently Asked Questions

YOU HAVE ARRIVED

Where in Aspen are The Sky Residences at W Aspen located?

The Sky Residences at W Aspen will be located at 550 South Spring Street, directly across from The Little Nell, in what is widely considered a “100%” location in Aspen, Colorado. Mere steps from the Gondola Plaza, the location is ski-in, ski-out, which is only the case for the W Hotel/The Sky Residences at W Aspen and The Little Nell.

The Sky Residences at W Aspen are truly one of the most sought after addresses and prime locations in all of Aspen. Everything that the world-class resort of Aspen offers its residents and guests is just outside your door.

Are there any special privileges that Owners of The Sky Residences at W Aspen can enjoy at W Hotels?

Owners of The Sky Residences at W Aspen can enjoy VIP status at every W Hotel around the world through the W Hotel Reservation Service, enjoying the perks as an Owner when making a booking at W Hotels.

OWNERSHIP OFFERING

What are the ownership opportunities at The Sky Residences at W Aspen?

There will be eleven branded Residences at W Aspen. Six three-bedroom, three-and-one-half-bath Residences, and five two-bedroom, two-and-one-half-bath Residences. The three-bedroom Residences will average 2,160 square feet of interior living space, and the two-bedroom Residences will average 1,650 square feet of interior living space.

The spacious floor plans are designed by NYC-based nemaworkshop and will be strikingly furnished with open, gourmet kitchens, distinctive appointments, and impeccable detailing, and include expansive balconies, increasing the livable floor area for each Residence.

All the Residences are in prime locations within the building, featuring expansive views of Aspen Mountain, Independence Pass, Red Mountain, or downtown Aspen.

What are the advantages of the unique real estate ownership opportunities offered at a Private Residence Club such as The Sky Residences at W Aspen?

The Sky Residences at W Aspen will be offered for sale as a 1/10th shared ownership interest in real estate. The shared ownership, or fractional ownership interest, allows Owners to enjoy their second home for just the perfect amount of time they wish to use it, at a fraction of the cost of whole ownership.

An Owner can enjoy all the benefits of owning a beautifully appointed Residence with impeccable amenities and services without worrying about maintenance and upkeep. Plus, ownership at The Sky Residences at W Aspen is a real estate asset that can be resold or transferred.

Ownership of a Sky Residence provides Owners the best of all worlds: carefree ownership of a second home in a world-famous location, plus access to the unsurpassed amenities and services for which W Hotels is recognized worldwide.

Each 1/10th ownership interest provides five weeks of use by each Owner. The four guaranteed Planned Vacation Weeks are established within the winter and summer seasons, with two weeks of use in each season. The fifth week of ownership, Space Available Nights, will be either dedicated to the winter or summer season, depending upon ownership preference.

How often can an Owner use their ownership at The Sky Residences at W Aspen?

Subject to current use rights, Owners, their family members, and accompanied guests may stay as often as they wish at The Sky Residences at W Aspen. Owners can plan ahead and reserve up to 28 Planned Vacation Nights per year or decide on a last-minute respite. In addition to Planned Vacation Nights, there are plentiful opportunities for Space Available and Short Notice Space Available Nights, based on availability.

Once Owners have had the opportunity to book their two Planned Vacation Weeks for the upcoming season, Owners are then allowed to request their dedicated seasonal Space Available Nights. Once Owners have booked their Space Available Nights, Residence availability is then offered to Owners for usage on a short-notice basis within 30 days of arrival. Subject only to the reservation procedures, there is no limit to the number of times you can vacation at The Sky Residences each year.

Will an Owner always stay in the same Residence?

Owners have equal access to each Residence within the inventory type they have purchased. Three-bedroom Owners will always occupy a three-bedroom Residence, and two-bedroom Owners will always occupy a two-bedroom Residence.

What happens if an Owner cannot use one of their planned weeks?

Most Owners will consider different times of the season to visit their Sky Residence. Owner usage will always fluctuate from year to year, and Owners have a number of flexible options beyond simply canceling one set of vacation dates and booking another. Owners can choose to send friends and family to enjoy their Sky Residence as unaccompanied guests during the Planned Vacation Weeks, subject to current ownership rules. Owners may also release their Residence as a short-term rental.

Can Owners rent their Residence on a short-term basis?

Yes.

Can Owners leave their personal belongings at The Sky Residences?

Yes. The Sky Residences at W Aspen will include an on-site, secure area to store recreational or ski equipment, clothing, or personal items.

Does ownership at The Sky Residences represent an interest in real estate?

Yes. Each Owner will own an undivided, deeded, fee simple interest in real estate. Ownership is evidenced by a real estate deed, recorded in the county records, and insured by a title insurance policy. The deeded 1/10th undivided interest can be financed, willed, placed in a trust, or owned by a separate legal entity, such as a corporation.

How is title conveyed to the Owner?

Each Owner receives a deed, a fee simple title, to a fraction of a Sky Residence and to an undivided interest in The Sky Residences’ common areas at closing. Owners also receive an ALTA title insurance policy, issued by a nationally recognized title insurance company.

Can a corporation, partnership, or LLC purchase an ownership?

Yes.

What is provided for in the Annual Assessments?

The Annual Assessments cover property taxes, maintenance, professional management, and the operation of all facilities and amenities. The fees provide funds for staff salaries, supplies, interior and exterior maintenance, landscaping, window washing, trash removal, legal and accounting fees, fuel, utilities, insurance, cable TV, Wi-Fi, telephone service, and a capital fund for replacement of furniture and finishes. Housekeeping is included for Planned Vacation weeks but not for short-term stays.

What other expenses will Owners incur?

Owners will incur charges for use of a la carte amenities and services, provided by the W Aspen hotel.

What amenities and services are provided to the Owners of The Sky Residences at W Aspen?

Owner amenities entitle Owners to enjoy the convenience and exceptional experience of living in a fine resort property. Pre-arrival Residence preparation is offered along with other services, including a resourceful concierge and attentive staff. This is part of Whatever/Whenever® service offered at this property.

  • Owners at The Sky Residences will enjoy access to full amenities and services:

  • 24-hour front desk services

  • Whatever/Whenever®

  • Concierge services

  • Wheels W® Valet parking

  • Airport and local area transportation

  • Pre-arrival services and Residence preparation

  • Housekeeping services

  • Travel and transportation services

  • Package delivery

  • FIT® fitness facility with state-of-the-art exercise equipment

  • Access to all W Aspen amenities, including the rooftop pool deck and bar area with pool and spa, fitness facility, fire pits, food service, lounge seating, and cabanas

  • Private Residence Owners-only fourth floor roof deck with private spa, lounge seating, BBQ grill, outdoor kitchen, and fire pit

  • On-property ski locker room

  • On-site ski/snowboard shop with daily and weekly equipment rentals and demos available

  • Private, year-round, climate-controlled storage area

  • Text messaging service (deliveries, guest arrivals, etc.)

  • Wireless and high-speed internet access

  • Boardroom/meeting rooms available for rent

  • Business center services

What is the pricing for The Sky Residences?

Please reach out to the Director of Sales of The Sky Residences, Erin McGuire, regarding more specific pricing information.

T 970 818 3311
M 970 618 8808

Will there be a financing program for purchasers of The Sky Residences?

Yes. Financing can be available for purchasers of a Sky Residence. The developer of The Sky Residences at W Aspen is working with several lenders to provide potential financing options.

When will a Sky Residences’ Owner begin their pursuit of happiness at their slope-side Aspen home away from home?

Construction of W Aspen and The Sky Residences at W Aspen began in May 2017. Anticipated completion for construction is scheduled for Spring of 2019. Owners will be able to enjoy their new Sky Residence home soon after.

WANT MORE?

How do I get a front row center seat for one of the limited Sky Residences?

Please indicate your interest by, and you will be the first to know as the limited inventory is released.

What if I am that person that has more questions?

For more detailed information about The Sky Residences at W Aspen, please click here to request more information, and the Sales Team will follow-up with you.



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