Aspen St. Regis Owner Ditches REIT Plan, Says the Hotel Will Be Sold on Blockchain

Elevated Returns, the New York City-based asset manager that owns the St. Regis Hotel in Aspen, Colo., saw its plans to use the property to create what it called the country’s first single-asset REIT fizzle in February, days before a planned IPO. Now, it’s calling an audible—but its ambitions to make a big splash, if anything, have only grown.