Attorney · Colorado Springs, CO · Member since 2026 · 6 posts · 1 vote
Has anyone ever seen Breckenridge take a position on whether an STR license can remain in place after a stock sale or other equity sale where the property stays titled in the same entity? The STR remains under the same entity with the same EIN, but the owners of that entity change.
This does not appear to trigger any technical requirement under the Town's ordinances or STR rules that would automatically require a new STR license. That said, I was curious whether anyone has actually encountered this and seen the Town take a position one way or another.
Hey @Matt Johnson. I agree with the guys. They probably won't know.
Having said that, it might be recorded by the county as a sale. Not sure how that would work seeing as the legal entity who owns the property isn't changing but the principals of the entity are changing.
I guess one of the biggest possible issues are other owners or residents.
If nothing changes in the way the STR is run and the new owners are not there regularly, shouldn't be a problem.
I can see if they are chatting up other STR owners in the area or trying to be good neighbors introducing themselves as new owners, that could cause a ruckus with folks on the waiting list for permits.
"Why did they get a permit when I have been waiting for 2 years!". That sort of thing.
Appreciate everyone’s input. I ended up finding the answer to my own question here.
The general rules addressing non-transferability of STR licenses in Breckenridge when there is a sale of the property from one person to another say:
At first, that seemed to leave an obvious workaround by structuring the deal as a transfer of stock or membership interests in the holding entity rather than as a transfer of the actual property. But a 2021 amendment appears to address that too:
So I read that as meaning the STR license terminates if ownership of the holding entity changes, even if title to the actual property does not.