Elysian Development Group is acquiring the luxury Hotel Jerome in Aspen, Colorado.

David Pisor, the CEO of Elysian Development Group is acquiring Aspen’s Hotel Jerome. Pisor currently owns and runs the Elysian Chicago hotel, which has 51 private residences as well as 181 guest rooms. The Elysian’s private residences reportedly sell for between $480,000 and $640,000.

While it has yet to be announced whether the Hotel Jerome will convert to a condo-hotel property, fractional, or timeshare resort, many anticipate such a move, based on Pisor’s business history. The Aspen Times (March 29, 2007) even referred to the Hotel’s new owner (meaning Pisor) as a “Chicago timeshare specialist”.

Timeshares have also been a touchy subject with some of the residents and council members of Aspen, which explains why the future of the Hotel Jerome remains, at this point, a little uncertain.

Nevertheless, there are other fabulous fractionals, timeshare resorts, and timeshare rentals in and around Aspen, Colorado, that are perfect for your ski vacation or just enjoying the great outdoors.

The award-winning, historic Hotel Jerome was built in 1889 and most recently owned by the Gaylord family who also owns Nashville’s Opryland Hotel, as well as the newspaper, The Daily Oklahoman.