

| `````````````````````````````````````````````````````````````````` Baldpate Inn PO Box 700 4900 South Hwy. 7 Estes Park, CO 80517 970/586-6151 baldpatein@aol.com www.baldpateinn.com/ Only 2 owners since 1917! Click HERE for hauntings of the Baldpate Inn! The Baldpate Inn, located seven miles south of the town of Estes Park and next to Rocky Mountain National Park, is a classic mountain retreat. The Baldpate Inn is a historic Colorado landmark, offering bed and breakfast lodging and a specialty restaurant. This business opportunity is now available for purchase for the first time in 20 years! The Baldpate Inn, built in 1917, consists of a main lodge with 12 guest rooms and restaurant, 4 charming cabins which have been recently renovated, a homestead residence, outbuildings for staff housing and storage, horse barn, and 12.86 acres of forested land with sweeping mountain views. Guests can enjoy complimentary refreshments by the handsome stone fireplace in the lobby, relax on the large sun deck, or view free videos on the library VCR. But it might be difficult to stay inside once you experience the spectacular views from the inn's spacious porch and see the nature trails beckoning. Each of the early-20th-century-style rooms is unique, with handmade quilts on the beds. Several of the rooms are a bit small, and although most of the lodge rooms share bathrooms (five bathrooms for nine units), each room does have its own sink. Among our favorites are the Mae West Room (yes, she was a guest here), with a red claw-foot tub and wonderful views of the valley; and the Pinetop Cabin, which has a whirlpool tub, canopy bed, and gas fireplace. In summer, an excellent soup-and-salad buffet is served for lunch and dinner daily. Smoking is not permitted. From Frommers.com ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Financial Information: Asking Price: $2,950,000.00 Revenue/Year: Total 2003 gross income $472,390 Realtor website: http://www.firstcoloradorealty.com/listings.html Property Information: Number of Guest Rooms: 16 Number of Guest Room Baths: 16 Property Address: 4900 Highway 7 Property Status: Currently is a B&B Owners' Quarters: No Year Built: 1917 Years run as B&B: 85 Square Footage: 13,293 Acreage: 12.86 Restaurant: Yes Natl. Register of Historic Places: Yes ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Contact Information: Jeff Konzak First Colorado Realty, Inc./GMAC P.O. Box 1229, 523 St. Vrain Lane Estes Park, CO 80517 Email - estesparkrealtor@aol.com (800) 401-7750 - Toll Free # (970) 586-3333 - Office # (970) 231-1878 - Cell # (970) 586-1665 - Fax # The main lodge features bed and breakfast accommodations for Baldpate guests with an award-winning restaurant open to the public for lunch, dinner, and special functions. The main lodge, listed on the National Register of Historic Places, features the world's largest collection of keys from across the globe and a historic photographic collection of presidents and celebrities. The restaurant also hosts weddings, family reunions, and special functions for up to 100 persons. The large acreage, zoned for accommodations, offers an opportunity for expansion of rental units. The Baldpate Inn, with only two owners since 1917, presents a rare opportunity to acquire a charming, historic Inn with a strong history of gross income and net cash flow! ASKING: $2,950,000 `````````````````````````````````````````````````````````````````````````````` Seven Keys to Baldpate is the mystery novel after which the Inn was named. This intriquing mystery, written in 1913 by Earl Der Biggers, is certain to find a treasured place in your library. `````````````````````````````````````````````````````````````````````````````` The History of the Inn and the Key Collection The Baldpate Inn's beginnings originate with a newly married couple, Gordon and Ethel Mace and Gordon's two brothers, Charles and Stuart Mace. In 1911, while visiting Estes Park on their honeymoon, the Mace's were so taken with the area's beauty that they decided to homestead the property upon which the Baldpate now stands. Initially only a small cabin was built on the land and rhubarb was planted to fulfill the requirements of the Homestead Act. In order to supplement their income, the Mace family built several small tourist cabins which proved to be a huge success. To accommodate the overwhelming demand for their hospitality, the family made plans to build an inn. With their homestead patent registered as complete on January 22, 1917, the couple officially opened the Baldpate that same year. With financial resources being very limited, the Mace family used their talents with what natural resources were available and constructed the inn from hand-hewn timber cut from the property. Massive stone fireplaces were built to provide warmth and hot water. The Baldpate was opened boasting such amenities as hot running water, electric lights, and indoor plumbing! The Inn was named after the mystery novel, Seven Keys to Baldpate by Earl Derr Biggers, who upon visiting the property stated that the inn was so similar to the heretofore "imaginary" Baldpate Inn, that the Mace's hotel would become the "real" Baldpate Inn. In the novel, each of seven visitors traveled to the closed-in-wintertime hotel, and thinks that he or she has the only key to the Inn. In keeping with the story line of the novel, the Mace family gave each visitor to the Inn their very own key. This tradition continued until the outbreak of World War I, when the price of metal became so expensive that the Owners were no longer able to give keys away. The loyal guests who returned yearly were so disappointed that they began their own tradition of bringing a key back to the inn with them each year. It is said that the competition between guests became so fierce to bring the best and most exotic each year that the Mace's decided to begin a display of all the keys. This was the beginning of the world's largest key collection. The collection boasts over 20,000 keys including examples from the Pentagon, Westminster Abby, Mozart's wine cellar, and even Frankenstein's castle to name a few! Only the second family to own and operate The Baldpate Inn, the Smith family purchased the Inn in 1986. We again welcome Bed and Breakfast guests back home to Baldpate. Pictures from the Baldpate Inn's keyroom (from the Baldpate website) Seven Keys to Baldpate is the mystery novel after which the Inn was named. |





Redstone Castle 58 Redstone Blvd. Redstone, CO www.redstonecastle.us www.redstoneinn.com Auction Saturday, March 19, 2005 2:00 p.m. Auction Location The Glenwood Springs Community Center 100 Wulfsohn Road Glenwood Springs, CO. 81601 980-384-6301 http://www.treas.gov/auctions/customs/redstone01.html Directions to this Auction Site are: From Denver/Vail, Take 1-70 West to the West Glenwood Springs Exit #114. At Stop Sign, turn Left onto Midland Avenue. Continie on Midland for approximately 1.5 Miles, and turn Right into the Community Center. Registration Saturday, March 19 1:00 - 2:00 p.m. Property Preview March 5, 6, 10, 11, 12, 14, 18 & 19 By Appointment Only. *Note: A letter of credit must be sent to EG&G 7723 Ashton Avenue, Manassas, Virginia 20109, Attn: Jessica or faxed to 703-361-3671 Attn: Jessica. Deposit $100,000 cashier's check (made payable to EG&G Tech Srvcs Inc/ USCS) Cashier's checks made payable to the bidder's name CANNOT be accepted Furnishings & Antiques included with the castle parcel. A Bidders Conference will be held March 11, 2005 at the Redstone Inn, Redstone, CO. at 7:00 p.m. The properties will be offered individually like listed above and then in any grouping or choice that the bidders prefer. The highest offer will then be presented to the Government for their approval. Bidders wishing to bid on multiple properties should bring checks in increments. Checks must be cashier's checks made payable to EG&G Tech Services Inc/USCS Download: Bidder Registration - Coming Soon! http://www.treas.gov/auctions/customs/redstone01.html Formerly known as Cleveholm Manor, built in 1897 on 72 acres, 15 Bedrooms, 11 Baths, Library, Maids Room, Nursery, Coachman Quarters, Dormitory, Walk-in Vault, Game Room, Wine Cellar, Elevator, Armory. Frontage along the Crystal River, and More! ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ The properties will be offered individually like listed above and then in any grouping or choice that the bidders prefer. The highest offer will then be presented to the Government for their approval. Bidders wishing to bid on multiple properties should bring checks in increments. Checks must be cashier's checks made payable to EG&G Tech Services Inc/USCS http://www.treas.gov/auctions/customs/realprop.html Bidder's Conference to be held on March 11th at Redstone Inn REDSTONE CASTLE March 19, 2005 58 Redstone Boulevard Redstone, Colorado 81662 15 Bedrooms & 11 Baths, 2,017 sq.ft. & 72 acres Bidder's Conference to be held on March 11th at Redstone Inn CARRIAGE HOUSE March 19, 2005 58 Redstone Boulevard Redstone, Colorado 81662 3 Bedrooms & 2.5 Baths, 5,000 sq.ft. & 36 acres Bidder's Conference to be held on March 11th at Redstone Inn STABLE COMPLEX March 19, 2005 58 Redstone Boulevard Redstone, Colorado 81662 Six Outbuildings and 42 acres Bidder's Conference to be held on March 11th at Redstone Inn VICTORIAN STYLE HOME March 19, 2005 410 Redstone Boulevard Redstone, Colorado 81662 2 Bedrooms & 3 Baths, 1,957 sq.ft. and Total Site Area is 7,800 sq.ft. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ **********Click here to read about ghosts at the Redstone********** {and additional info} ``````````````````````````````````````````````````````````````````````` IRS Auctions Off Colorado Castle Redstone Castle Seized During Fraud Investigation POSTED: 6:56 am MST February 11, 2005 UPDATED: 7:11 am MST February 11, 2005 Have $20 million? You could be the owner of a Colorado castle. This castle could be yours -- if you could afford it. The historic Redstone Castle on the Western slope will be auctioned off next month in an online Internal Revenue Service auction to help recoup losses in Colorado's largest-ever fraud recovery case. Bidders will need a check for $100,000 just to get into the March 19 auction. The castle was built in 1897 and features 15 bedrooms, a library, maid's room, nursery, wine cellar, elevator and even a walk-in vault. IRS spokesman John Harrison said it'll be the first IRS auction of its kind in Colorado. The castle was built by steel and coal baron John Cleveland Osgood, and was later a hotel. The IRS seized the property in 2003 in connection with an investment scam that provided money for the castle purchase. Overall, the IRS hopes to recoup about half of the $56 million taken in the scam. The castle is listed on both the state and national registers of historic places. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ NASCAR Vehicles Seized In $56 Million Fraud Case Redstone Castle Part Of Alleged High-Yield Investment Scheme March 16, 2004 DENVER -- Seven people -- three from Colorado --- are suspected of being involved in an international high-yield investment scheme that defrauded more than 1,000 people of approximately $56 million, the U.S. Attorney's Office said Tuesday. The Redstone Castle in Pitkin County, numerous NASCAR race vehicles in Denver and $17 million in cash were seized during the course of the 2-and-a-half-year criminal investigation, the U.S. Attorney General said. According to the indictment, the suspects allegedly told their victims that they would invest their money safely, promising rates of return from 2 percent to 400 percent. They sent investors fraudulent monthly statements which falsely reflected the earnings and growth of their invested funds and then allegedly encouraged investors to make additional investments, defer disbursements, and refer new investors to the program, the indictment said. The group created corporate alter egos to carry out the alleged scheme and did business as the Reserve Foundation, Smitty's Investments, Capital Holdings, Monarch Capital Holdings and Fast Track, operating from April 1999 to April 2003. The suspects then used that money for personal expenses, to buy assets, pay off other investors and to pay monthly commissions to other people who recruited more investors to the fraudulent program, authorities said. "This was a gigantic and complex fraud," said Colorado Securities Commissioner Fred Joseph. "Its only purpose was to separate investors from their money." Investigators said there are 200 Colorado victims who invested between $5,000 and $500,000 each. Some of these Colorado residents took second mortgages and cashed in their IRAs to contribute, 7NEWS reported. Some of the investors money was used to buy the Redstone Castle for $6.5 million, which was seized by the Internal Revenue Service last March. During the course of the investigation, agents seized assets worth $24 million, including 60 bank accounts, eight NASCAR race cars, one race truck and several other race-related vehicles. Facing 57 counts are Norman Eugene Schmidt, 68, of Denver; Jannice McLain Schmidt, 66, of Denver; Charles Franklin Lewis, 68, of Littleton; George Beros, 36, of Shaker Heights, Ohio; George Alan Weed, 68, of Benton, Ill.; Michael Duane Smith, 40, of Colbert, Wash.; and Peter Moss, 62, of London. Moss was indicted but was the only suspect not arrested on Tuesday. He awaits extradition to Colorado. The suspects face 20 years in federal prison and several million dollars in fines. "Fraudulent high yield investment or prime bank schemes continue to ensare thousands of victims each year," said U.S. Attorney John Suthers. "Potential investors should remember the fundamental rule of investing, 'If it sounds too good to be true, it is.'" The Redstone Castle, built in 1903, is a 42-room Tudor-style mansion listed on the National and State Registers of Historic Places and is part of the Redstone National Historic District. The interior of the castle and its furnishings, 75 percent of which are original, were crafted exclusively for John C. Osgood, who formed the Colorado Fuel and Iron Company and was one of the richest men in America at the turn of the 20th century. It is located 45 minutes from Aspen. Additional Resource: Read Indictment from U.S. Attorney's Office http://www.thedenverchannel.com/money/2926175/detail.html |













| The Last Dollar Inn Cripple Creek Sold in @ 2008 |
| The Edwards House Fort Collins |
| The Hearthstone Inn Colorado Springs |
| Redstone Castle Sold on March 19th, 2005 for $4 million at IRS Auction. It is now open to the public for tours. |