The end of the boom in short-term rentals at Colorado resorts

Carol Kresge manages the 13-room Little Mountain Lodge in Breckenridge. She is concerned that the “broad” regulation of short-term rentals in the city will have an impact on the resort’s economy.
Hugh Carey / The Colorado Sun

BRECKENRIDGE – Visitors to the 13-room Little Mountain Lodge above historic downtown Breckenridge have supported the economy of the tourist town for many years. They book snowmobile rides. They rent bikes and ski. They reserve tables and rooms at local restaurants.

“All of the Breckenridge business owners who depend on visitor spending, they get it from my group,” said Carol Kresge, the manager of the sprawling house that was originally built as a B&B but can now to be rented short term by groups on vacation. who pay up to $ 4,000 a night.

Last week, Kresge, who manages a handful of high-end rental housing in Summit County, joined more than 75 other landlords, investors and real estate brokers in urging the council to reconsider a cap and crackdown proposal. short-term rentals in a city that has long relied on private landlords to accommodate visitors.

Breckenridge, with its ski slopes stretching all the way to the town center, is a short-term rental paradise. The city has 3,945 private homes and condos that vacationers can rent. City council, in an effort that city leaders have described as a way to “protect our quality of life and the fabric of our community” and “fiercely protect the character of Breckenridge,” unanimously approved a cap on Tuesday. of 2,200 properties on the so-called exempt vacation rentals in town. These are the houses that are not part of a larger hotel complex that offers a staffed reception and security.

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About Michael B. Billingsley

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