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Updated 29 days ago on . Most recent reply

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Matt Johnson
  • Attorney
  • Colorado Springs, CO
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Breckenridge STR License After Ownership Change in Same Entity

Matt Johnson
  • Attorney
  • Colorado Springs, CO
Posted

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.

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Matt Johnson - Real Estate & Tax Attorney

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Mike Grudzien
#1 Private Lending & Conventional Mortgage Advice Contributor
  • Lender
  • Eugene, OR
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Mike Grudzien
#1 Private Lending & Conventional Mortgage Advice Contributor
  • Lender
  • Eugene, OR
Replied
Quote from @John Underwood:

If there is no change of ownership, since it stays in same name, how would they even know?


 I agree with John.  No overt ownership change from the holding entity.  Just the underlying shares.  What are we missing here?

  • Mike Grudzien
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