Despite so many big projects in our area being put on hold, the developers of the Roaring Fork Lodge hotel are moving full steam ahead. As well 106 hotel rooms, there are 40 condominiums for sale. It appears that once the developer has sufficient reservations / contracts in place, construction will begin. Reports suggest that around 25% of the units have reservations on them at this point. 

Recent news has Denver based Magnolia Hotels signing a partnership and operating the lodge upon completion. Magnolia operates upscale boutique hotels in several large U.S. cities.  

It seems that the development is likely to be popular with front range buyers - Glenwood Springs is the most popular destination for Coloradans - who enjoy coming up to Glenwood for the holidays and weekends. The bike trail just across the street leads straight to downtown and of course the Hot Springs Pool. An additional advantage will be the ability to take advantage of short term rentals to offset the cost. It also seems likely to be popular with local professionals looking for a great in-town location, and maintenance free living. 

This really is the first development of this kind in Glenwood and I suspect that despite the down economy, units will sell well. There is nothing similar available in Glenwood and for all the folk from Denver who are regular visitors to the local hotels, this may prove to be a very attractive proposition. 

With units ranging in size from just under 1,000 sq.ft to just under 2,000 sq.ft. pricing looks like being around $400 / sq. ft. 

With the extended time-frame from contract to completion, it will be important to analyze the contract carefully and be aware of deadlines affecting earnest money deposits.  

If you are making a purchase, consider working with a buyer's agent rather than directly with the developer - This way you are guaranteed a representative promoting only your best interests.