ASPEN ONE ANNOUNCES UPDATES ON ITS EFFORTS TO ALLEVIATE HOUSING AND CHILDCARE PRESSURES WITHIN ITS COMMUNITIES

More than 250 new employee beds added to Roaring Fork Valley and other mountain communities, with hundreds of millions committed to future housing and childcare projects 

ASPEN, Colo., June 16, 2025 /PRNewswire/ -- With housing and childcare at a critical juncture in mountain communities, Aspen One has made significant progress in adding units for its employees throughout the Roaring Fork Valley (RFV) and in other locations in which it operates, including Ketchum, Idaho, and Mammoth, California. Childcare also remains a priority within these communities, and Aspen One continues to be part of the solution in adding childcare capacity across the communities in which it operates.

"We are guided by our values and recognize the role we must play in all communities we are part of," said Dave Tanner, Aspen One President & CEO. "We have been working hard, and with urgency, to be a leader providing real, tangible solutions that help alleviate the community challenges we face, and the momentum we've gained in the last year, along with continued investment, has led to tangible outcomes that we are so proud of."

All of this collectively represents a significant investment of hundreds of millions of dollars in multiple communities across the RFV, underscoring Aspen One's commitment to— and engagement with— employees and stakeholders to find solutions and enable action against these collective challenges. Nearly two years ago, the company made housing and childcare a strategic priority. Following that declaration, Aspen One has made significant investments in teams and resources to more urgently speed progress. This has meant becoming more innovative in approach—not just building single units independently, but focusing efforts on building housing units that support growing families, using the latest prefabricated technologies to lower costs, exploring outright buying or leasing housing stock, and partnering with real estate developers to scale faster. 

Major recent milestones include: 

• The SHOP: This 30-unit housing project in Snowmass Village is being designed to provide long-term, year-round housing for Snowmass Mountain and hospitality operations personnel. It is currently in the approval process with the Snowmass Town Council, with a target construction start date of fall 2025 or early spring 2026. 
• EJ Crossing: This 20-acre property now under contract is already zoned for more than 100 residential units and will become Aspen One's largest housing neighborhood project ever. All units will be 100% dedicated to year-round workforce housing for Aspen One employees and the broader community. 
• Limelight Ketchum and Limelight Mammoth Housing: Aspen One's housing team is actively working with hotel leadership to secure between 32-40 beds in Ketchum, Idaho, and Mammoth, California, where the hotel operates. These units will provide critical housing access for vulnerable employees in these mountain communities, where housing shortages have worsened. 
• Tiny Town: After more than five years of work, Aspen One has completed Tiny Town, a neighborhood of 95 tiny homes at the former Aspen-Basalt Campground site. This marks the company's largest housing development to date. Of these units, 54 have been made available to year-round employees this spring, supporting long-term housing stability. 
• Tenants for Turns: This industry-leading program continues to provide unique employee housing solutions across the RFV, entering its 5^th year this winter. Tenants for Turns incentivizes homeowners who are willing to rent a unit, ADU, guest house, "in-law" unit, or an extra bedroom to an employee, in exchange for a ski pass or comparable incentive. The program is a creatively collaborative solution that calls on the support of our dedicated community to tackle local housing issues. This program will launch for the 2025-26 winter season on July 1, with more information available here. 
• Resident Ownership for RFV Mobile Home Parks: Aspen One is proud to join a broad coalition of Valley-based municipalities, counties, private employers, and organizations by contributing $500,000 to support the resident purchase of the Basalt and Carbondale mobile home parks. This collective effort will preserve nearly 140 homes and ensure long-term affordability for almost 500 residents. While we remain committed to investing in new affordable housing, protecting existing community-rooted options like these is just as vital to maintaining the fabric of the RFV. 
• Blue Lake Preschool: Aspen One is thrilled to partner with BLPS to expand their childcare capacity. With the facilitation of the $500,000 contribution, Aspen One is providing additional support to enable adding 33 licensed seats, an expanded infant room, new toddler room, and a new after school program for BLPS' Little Blue location in Carbondale, Colorado. BLPS' long history of providing high-quality childcare in the mid-valley is outstanding, and as Aspen One continues to seek out creative solutions to expand capacity in the entire valley, partnerships such as this are needle moving. 

Aspen One continues to focus on continued impact with community challenges, from housing and childcare; to transportation and access; to sustainability and advocacy; and more. The company continues to lean in on these important issues and take action. 

"We are grateful to all our community partners for their support, collaboration, and continued dialogue around these issues that deeply impact all of us," said Tanner. "We have much work left to do, but know that together, we can achieve our shared goals."

ABOUT ASPEN ONE
Aspen One renews the mind, body, and spirit with a portfolio that redefines luxury, adventure, and leisure. With world-class and innovative brands and businesses, including Aspen Skiing Company, Aspen Hospitality, and Aspen Ventures, Aspen One propels the expansion of the Aspen ethos globally.

Whether it's Aspen Skiing Company providing unforgettable experiences at the confluence of nature, culture, and recreation across its four legendary mountains—Aspen Mountain, Snowmass, Aspen Highlands, and Buttermilk; or Aspen Hospitality elevating guest experiences in unforgettable ways by developing, owning, and operating a growing set of luxury and upper-scale hotels, private clubs, and branded residential properties in prime locations under The Nell and Limelight brands; Aspen One is deeply committed to providing unparalleled service, creative programming, community engagement, and unique opportunities for exploration. The company's commitment to innovation is central to its evolution, including Aspen Ventures' amplification of the Aspen brand globally through new business lines that embody its values and heritage such as Aspen Collection.

For more than 75 years, the Aspen brand and community has pointed its compass toward new paths, people, and possibilities—and today, as Aspen One, the future is limitless. The company is a leader in sustainability and advocacy, with a legacy of modeling leading-edge solutions and changing policy locally and globally. As a collection of brands driven by tightly held core values, Aspen One aims to inspire a better world. For more information, visit www.aspen.com.

SOURCE Aspen One