Photograph by Jeremy Swanson

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2014 Aspen/Snowmass State of the Real Estate and Tourism Economy

Photograph by Jeremy Swanson

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FRB Aspen Symposium 7.5 x 10.indd 1 7/14/14 2:30 PM

2014 Aspen/Snowmass State of the Real Estate and Tourism Economy

Thursday | August 14, 2014 | 3:30 to 5:30 pm | Doerr-Hosier Center | The Aspen Meadows

State of the Aspen/Snowmass Real Estate MarketPresented by BJ Adams and Company Real Estate

Melissa Temple, Moderator

Welcome and Opening RemarksBJ Adams

• Aspen/Snowmass Real Estate Trends Including the Luxury and Commercial Markets• Real Estate Cycles in the Roaring Fork Valley

• Where Are We Headed Next?

Randy Gold, MAI, SRA, Aspen Appraisal Group with Michael Adams, President, BJ Adams and Company

Audience Questions for Randy and Michael (please signal for a microphone or use the one in center aisle)

Enriching the Lives of Aspen’s Visitors: What It Takes to Developa Loyal Following of Affluent Travelers

Mark Harmon, Founder and Managing Partner of Auberge Resorts

• The Evolution of the Affluent Traveler• Affluent Traveler Values and Preferences

• Post-Recession Travel Trends• Hotel Jerome: The Challenges, Costs and Effects of an Aspen Renovation

• Thoughts on Base Village• Aspen Market Observations

Audience Questions for Mark (please signal for a microphone or use the one in center aisle)

Cocktails to continue the conversation in Barksdale Lobby

With Gratitude to:Jeremy Swanson, our photographer

Kristen Merselis, Catering and Conference Services Manager, Bill Haden, Audio-Visual Manager,and the entire Aspen Meadows Resort Staff

GrassRoots TV is filming this event today and will air the program in its entirety throughout August

3:30 pm

4:10 pm

5ish-5:45 pm

BJ Adams | Amy Feldman | Gary Feldman | Gus Kadota | Mark Lewis | Kristen Maley | Leah Moriarty Doug Nehasil | Lucy Nichols | Casey Slossberg | Michelle Sullivan | Melissa Temple | Karen Toth | Tara Turner

Mark Harmon | Founder and Managing Partner Auberge Resorts CollectionAs the Founder and Managing Partner of Auberge Resorts, Mark oversees the Company’s growth and strategic direction, including the concept, design and development of hotels, resorts, residence clubs and branded residences.

Named after its flagship hotel, Napa Valley’s renowned Auberge du Soleil, the company owns and operates a distinguished collection of exceptional properties, among them: the Hotel Jerome in Aspen, CO; Esperanza in Los Cabos, Mexico; Calistoga Ranch in Napa Valley, CA; Solage Calistoga in the Napa Valley, CA; the Auberge Residences at Element 52 in Telluride, CO; Pronghorn in Bend, OR; and the Malliouhana Resort in Anguilla, BWI, with several others – including City hotels – currently in planning and development.

While Auberge Resorts nurtures the individuality of the establishments it owns and manages, all are characterized by a set of common elements: intimate, understated luxury based upon timeless design; magnificent natural settings in some of the world’s most desirable destinations; captivating spas; superb cuisine utilizing the very best regional ingredients; and unparalleled service. Since 1998, Auberge Resorts has developed the concept for resorts and resort real estate for some of the most highly acclaimed and successful resorts across the United States and in Mexico. Under Mark’s leadership, Auberge Resorts properties have garnered industry accolades and highest honors from every major travel publication, including Condé Nast Traveler, Travel + Leisure, Town and Country, Departures, and Andrew Harper’s Hideaway Report.

Mark has been a regular speaker at hospitality industry events at Cornell University Hote School, the New York University Hospitality Conference and at the annual conference of the International Spa Association (ISPA). He is a graduate of Princeton University and University of California, Hastings College of the Law.

Randy Gold, MAI, SRA | Aspen Appraisal GroupRandy Gold is a partner in the Aspen Appraisal Group. He has worked for the company since 1978 and is actively involved in appraising and consulting on local real estate. He has lived in the Aspen area and Pitkin County since 1973 when he graduated with honors from the University of California, Santa Barbara. He holds both the MAI and SRA professional designations from the Appraisal Institute, awarded after demonstrating extensive knowledge and expertise in the appraisal of commercial and residential real estate.

Randy is also a Certified General Appraiser with the State of Colorado and is a licensed real estate broker. He has also been qualified as an expert witness in Local, State and Federal jurisdictions.

Randy’s professional focus is on upper valley Pitkin County real estate. His appraisal concentration is in high-end luxury single family homes and building sites, commercial real estate including retail, office and mixed use projects, subdivision of raw land, proposed residential developments, easements, condemnation, and ski area base development.

Michael Adams, CRB | President, BJ Adams and Company An Aspen resident since 1970, Michael Adams has been a principal in five Aspen companies – two property management firms, a graphic design company, a real estate investment group, and, as an owner and President, BJ Adams and Company. The company, with offices in Aspen and Snowmass, started in 1994, quickly became the first single brokerage office to produce over $100 million in sales in a 12-month period, and has been one of the top four Aspen brokerages since its inception.

As President, Michael oversees all operational and strategic planning activities, serves as chief coach/strategist to all the brokers, is actively involved in training and IT development, and gener-ates all the company’s in-depth marketing data and stats. He has served as a key director on the Aspen Board of Realtors for many years.

Michael managed The Crestwood in Snowmass Village, at the time the largest condominium hotel in Colorado, and he and BJ pioneered the full-service resort condominium hotel concept in the state. In 1983, he started Snowmass Lodging Company, expanding this condominium hotel model into multiple properties managed by one entity.

The Mountain West has been our backyard for more than 65 years.

Contact: Thomas Todd, Partner970.429.6892 ttodd@hollandhart.com600 East Main Street, Suite 104 Aspen, CO 81611

Helping Build Colorado’s Future

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Behind the Valley’s Food Bounty

THE ASPEN 50:BILLIONAIRES AMONG US

PEDALING PARADISE: 12 GREAT BIKE RIDES

THE VALLEY’S OTHER NEW ART MUSEUM

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CENTER THE STUNNING TRIBUTE TO JOHN POWERS AND JASPER JOHNS

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• Water & Sewer Lines • Demolition

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Unique Furnishings &

Accessories Boutique

Italian Linens & Bedding

Interior Design Services

Photography by: Doug McMillin, BDM Photography.

JEREMY SWANSONP H O T O G R A P H Y

JeremySwansonPhoto.com

“Wow!”

Must be Poss.

www.billposs.com

© 2014 Forte International, LLC and Poss. All rights reserved.

“Committed to Snowmass”Employing hundreds of residents in the Roaring Fork Valley &

supporting our community through our Charitable Giving Program!

Snowmass Base Village | Snowmass Hospitality | Snowmass CenterSnowmass Mountain Chalet | Snowmass Inn

Title

First Republic Bank

Platinum

Holland & Hart

Title Company of the Rockies

Gold

Aspen Digger, Inc.

Aspen Sojourner

Associates III Interior Design

CCY Architects

Charles Cunniffe Architects

Genshaft Cramer LLP

Hancox Group & LM Home and Design

Poss Architecture + Planning, Interior Design

Related Colorado

Silver

Grass Roots TV

Bronze

Harrington Smith Floral | Aspen Chamber Resort Association

We enthusiastically thank our sponsors whose funds and support helped this event come to life:

Aspen Corner of Hunter and Hopkins | 970.922.2111 | Snowmass Village Next to Alpine Bank | 970.923.2111 AspenSnowmassProperties.com | email@bjac.net

BJ Adams | Amy Feldman | Gary Feldman | Gus Kadota | Mark Lewis | Kristen Maley | Leah Moriarty Doug Nehasil | Lucy Nichols | Casey Slossberg | Michelle Sullivan | Melissa Temple | Karen Toth | Tara Turner