W Hotel Aspen Owner Eyes Sale in Ski Resort Where Deals Are Rare

Northridge Capital is seeking a buyer for the W Hotel Aspen, a sale that would be the first for a slopeside resort in the upscale Colorado town since 2010.

The firm is seeking as much as $175 million for the 88-room property, Northridge Chief Executive Officer David Jackson said in an interview. At $2 million a room, that valuation would be at the high end nationally; last month, Braemar Hotels & Resorts Inc. said it had agreed to sell a Park Hyatt resort in Beaver Creek, Colorado, for just over $900,000 per room.

Such properties rarely hit the market ...