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Voyage EdgeMACALLAN 1926September 27, 20262 min readAd-free
Compass taps Smith & Berg for Limelight Mammoth sellout — remaining inventory at branded ski residences
David Berg's team inherits tail-end inventory at Aspen Hospitality's California outpost, testing branded-residence appetite outside core Rocky Mountain corridor.
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In plain words
Smith & Berg inherits Limelight Mammoth tail inventory as branded ski condos test pricing power outside Aspen corridor amid softer visitation.
2021
when Mammoth Lakes was absorbing pandemic-driven second-home demand and…
sub-4%
mortgage environments
6,010 Minaret Road
adjacent to The Village at Mammoth
$1.1 million
and two-bedrooms from
Compass has assigned its Smith & Berg team to market the remaining unsold units at Limelight Residences Mammoth, the branded condominium development attached to Aspen Hospitality Group's ski-hotel portfolio. David Berg will lead the sellout effort at the California property, which opened as Aspen Hospitality's first expansion outside Colorado.
The assignment signals a mid-cycle repositioning common in branded-residence projects that opened during construction-cost spikes and rate volatility. Limelight Mammoth launched sales in 2021 when Mammoth Lakes was absorbing pandemic-driven second-home demand and developers were pricing against sub-4% mortgage environments. The property sits at 6,010 Minaret Road, adjacent to The Village at Mammoth, and offers hotel-managed units with rental-pool optionality — a structure that requires continuous inventory discipline to avoid cannibalizing the operating hotel's ADR.
Smith & Berg enters with established Los Angeles–to–ski-market fluency. The team previously moved inventory at branded projects where the developer miscalculated exit velocity or where rate resets compressed buyer pools. Limelight's parent, Aspen Hospitality, operates five properties across Colorado and California, all under revenue-management systems that blend transient and fractional inventory. Remaining unit counts and pricing at Mammoth were not disclosed, but comparable Limelight projects in Aspen and Snowmass sold studios from $800,000 to $1.1 million and two-bedrooms from $1.8 million to $2.4 million at peak.
What operators and allocators should watch: Mammoth's broader condo market absorbed 43 units in Q2 2025, down 22% year-over-year, per MLSListings. Median sold prices held near $780,000, but days-on-market extended past 90 days for non-branded inventory. Smith & Berg's pricing strategy will clarify whether Limelight's hospitality affiliation still commands a 15–20% premium over unbranded comparables, or whether that spread has compressed as Mammoth's transient hotel performance softened. Aspen Hospitality has not announced additional West Coast-flagged projects, and this sellout will inform whether the brand expands or consolidates around its Colorado core. The company's 2026 capital-deployment roadmap, expected in Q4, will reflect Mammoth's closure economics.
Mammoth Mountain reported 1.37 million skier visits for the 2024–2025 season, trailing its 1.5 million ten-year average, and the resort has delayed announcing 2026–2027 Epic Pass pricing — a hesitation that typically precedes yield recalibration.
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