The Miami-based owners of the Ritz-Carlton Bachelor Gulch, one of Eagle County’s ritziest resorts, are in a $61 million foreclosure, according to Eagle County public records.
The foreclosure filing, submitted Wednesday and first reported by the Eagle County Times, shows that Gencom Group in Miami, the hotel’s owner, has until a scheduled Aug. 24 foreclosure sale to bring the loan up to date with the lender.
Ritz-Carlton does not own the resort but has a long-term management agreement, which means the company would run the hotel, no matter who owns it, as long as the Ritz contract is in place.
“We remain doing business as usual,” said Parool Shah, Ritz-Carlton’s director of public relations in Colorado. “This is a financial transaction being handled by our property’s owners and their lenders, which in no way impacts our daily hotel operations.”
Karla Herridge, Eagle County’s chief deputy public trustee, said short of the loan being brought up to date, her office will publish an auction notice in the local newspaper July 7, with an Aug. 24 auction date.
“The foreclosing lender has the right to postpone the auction up to 12 months from the original date — to Aug. 24, 2012,” said Herridge, who added that the hotel’s foreclosure is the largest dollar amount in Eagle County since she started working there in 2006.
The Ritz-Carlton Bachelor Gulch opened Nov. 21, 2002, with 180 guest rooms , including 40 suites. Amenities include a ski valet, The Ritz Kids program, 24-hour room service and a 21,000-square-foot full-service spa and fitness center. Famed chef Wolfgang Puck operates a Spago restaurant on the property.
Slifer’s new store.
Vail-based Slifer Designs will open an interior design showroom in early August at the Cherry Creek mall.
Slifer will set up shop in a 6,600-square-foot upper-level space across from Neiman Marcus. The retail shop will feature a collection of home-furnishing accessories, gifts and housewares.
Subscribers snagged.
5280 Publishing Inc., owner of 5280 magazine, has acquired the defunct Denver Magazine’s paid subscriber list and will start sending 5280 to former Denver magazine subscribers starting with the June issue.
When the acquisition was first announced last month, the deal included the federal trademark of the name Denver Magazine, Internet domain names and Twitter and Facebook accounts — not the subscription list.
Denver Magazine’s paid subscriber list includes more than 3,000 readers.
Chipotle chief.
Big burrito boss Steve Ells, founder and co-CEO of Denver-based Chipotle Mexican Grill, will give the commencement address during the University of Colorado at Boulder’s spring graduation ceremony, beginning at 8:30 a.m. May 6 at Folsom Field.
Gates open at 7 a.m. for the ceremony that is free and open to the public.
Royal wedding.
If your names are Will and Kate, and you’re willing to get married during the day today only, Foothills Chapel and Banquet Room will throw you a free wedding. More info: 303-279-2152.
Eavesdropping
on two women on a plane from Chicago to Cincinnati: “You go to school? What are you studying?”
“Journalism.”
“Who do you write for?”
“Twitter.”
Penny Parker’s column appears Tuesday, Thursday, Friday and Sunday. Listen to her on “Caplis & Silverman” between 4 and 5 p.m. Fridays on KHOW-AM (630). Call her at 303-954-5224 or e-mail pparker@denverpost.com.
