Bald Mountain Lodge

Sun Valley, ID

Sun Valley, ID

In 2005, HMI partnered with well-known Washington developer Steve Burnstead to collaborate on a rare development opportunity in the resort town of Sun Valley, Idaho. Capitalizing on its desirable location and renewed interest in the once bustling town known for its skiing, HMI now announces the sale of the Bald Mountain Lodge property. Nestled within the midst of all of the amenities and attractions on Main Street in Downtown Ketchum, this property provides an ideal location for a high end hotel and resort. Adjacent to the Forest Service Park, views of Mt Baldy are abundant and skiing utilizing the River Run chairlifts is just minutes away.

Sun Valley

Working with Seattle-based Callison Architecture, the Bald Mountain Lodge was designed as a five-star, LEED certified boutique resort with exceptional quality of finishes and furnishings and offering a five-star level of personal service. The hotel portion of the property would consist of 82 rooms presenting a warm, inviting feeling for its guests. The 4th and 5th floor of the property would offer 26 condominium units, available for purchase by independent owners. These owners would have the option of placing their units with the hotelís rental program, thus generating a return on their investment, while also enjoying the benefit of staying in their own home when visiting Sun Valley. Amenities available to hotel guests and condominium owners included a full service spa, conference room, restaurant, room and concierge service, swimming pool and expansive outdoor gathering area complete with fire pits, ski valet, shuttle service and activity center and also a restaurant which would be open for the publicís enjoyment as well as the guests of the resort.

In the years following the initial purchase of the property, significant effort had been placed into working with the City of Ketchumís Mayor and City Council to obtain entitlements for the design and enter into a Development Agreement with the City. The greatest challenge faced was the Councilís hesitation to allow a project of this size to be constructed in the middle of its downtown corridor. For the project to be a financial success, the resort would have to be designed with five floors rather than the allowed four. Several alterations to the design, countless public council meetings and face-to-face meetings with the Mayor and Council ultimately resulted in the Councilís approval making this project the first hotel approved by the City of Ketchum in over 30 years and the first ever five floor hotel approved. Entitlements were granted in 2010 and a Development Agreement with the City has since been executed, both of which are transferrable providing substantial time and cost savings for the new owner/developer, Aspen Skiing Co. While Aspen Skiing Co intends to solicit Ketchum officials for minor modifications in the plans, the resort, renamed Limelight Hotel, is slated to be constructed primarily on plans based on the visions of HMI, Steve Burnstead and Callison.

ďWe appreciate the cooperation of working with the City of Ketchum over the past 9 years and their willingness to see the vision of this project. The Aspen owned Limelight Hotel will be a great addition to Main Street and an economic driver for the community.Ē stated HMI CEO Mike Kerby.

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