Texas Rangers Owner Tom Hicks Sells House in Aspen Area

Texas Rangers Owner Tom Hicks Sells House in Aspen Area

Texas Rangers owner Tom Hicks, whose Hicks Sports Group is in default on $525 million of debt, sold his three-acre, Aspen-area estate to Howard M. Jenkins, the former head of the Southeastern Publix Super Markets chain, for $18.5 million.

Besides the baseball team, which Mr. Hicks is in the process of selling to an investor group, his Sports Group owns the NHL’s Dallas Stars. Separately, he owns England’s Liverpool Football Club. The Snowmass Village, Colo., property, with an original $20 million asking price, has a main house and a guest house totaling 11,000 square feet. Mr. Hicks sold the contemporary homes furnished. The ski-in, ski-out property also has a pool, and the two homes share a driveway. The 58-year-old Mr. Jenkins, who has a home for sale in the area, said he plans to use the property as a getaway for his family and friends.

Mr. Hicks bought the property in 1995 for $1.03 million and says he’s selling because his family has been vacationing elsewhere in recent years. Mr. Jenkins, a son of Publix founder George W. Jenkins, still sits on the board of Publix. Chris Lewis of Chaffin Light Real Estate represented Mr. Hicks and George Huggins, also of Chaffin Light, Mr. Jenkins.