ASPEN, Colo. (AP) – Aspen Skiing Co. says it is under contract to sell the Snowmass Club to a division of Toll Brothers Inc.

The company said Wednesday that the sale to Toll Golf is expected to close in January. The price wasn’t disclosed.

According to the Pitkin County Assessor’s Office, the club and its facilities are valued at around $17 million.

The sale will include the club, its facilities and the 18-hole, semi-private golf course. The Snowmass Club has more than 1,000 dues-paying members and employs between 200 and 275 employees depending on the season.

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