Aspen’s Defining Business Moments of the Year
Some of the most talked about stories in Aspen this year came from the business sector, reflecting both long standing challenges and unprecedented growth. A beloved local restaurant shuttered after nearly a decade, while historic real estate transactions set new benchmarks across Aspen and Snowmass. Together, these moments illustrate how changing costs, ownership, and investment are reshaping the community.
Key Points:
• Mi Chola closed in September after nearly 10 years, citing rising rent, labor, and operating costs
• Snowmass Village saw a landmark $144 million sale of its largest hotel complex
• St. Benedict’s Monastery sold for $120 million, ending decades of monastic ownership
• Aspen Daily News announced a sale to a Florida based media group while maintaining local control
As Aspen continues to evolve, these developments highlight the balance between preserving local character and adapting to economic realities. The year ahead will likely bring continued transformation across both business and real estate.
By: Aspen Daily News Staff Report | Aspen Daily News | January 1, 2026
Photo: Courtesy of Aspen Daily News