Castle Peak Holdings Acquires Snow King Resort

News Summary

Castle Peak Holdings has acquired the Snow King Resort in Jackson Hole, Wyoming, marking an exciting new chapter for the property. With plans for significant renovations totaling $25 million, the resort aims to elevate its offerings, including revamped amenities and family-friendly accommodations. An open house will be held to gather community feedback on the renovation plans. This acquisition is the firm’s largest deal to date and signifies its commitment to enhancing the guest experience while preserving the charm of Jackson Hole.

Exciting News for Jackson Hole: Castle Peak Holdings Takes Over Snow King Resort!

Residents and visitors of Jackson Hole, Wyoming, have a reason to celebrate as Castle Peak Holdings, an investment firm known for its Trailborn hospitality brand, has officially acquired the Snow King Resort. This stunning property, which boasts 203 keys and spreads over 8 picturesque acres, is set to undergo exciting new changes that promise to elevate the visitor experience!

What’s in Store for Snow King Resort?

The Snow King Resort is not your average getaway; its amenities are nothing short of spectacular! Guests will enjoy a fantastic restaurant, along with both indoor and outdoor spa facilities, perfect for those wanting to unwind after a day of exploration. Plus, the resort offers ski-in/ski-out mountain access during the winter months, making it a dream destination for snow lovers.

This acquisition marks Castle Peak’s eighth property and stands out as the firm’s largest deal yet. It follows the successful openings of other Trailborn locations, including the Trailborn Grand Canyon, Trailborn Surf & Sound, and Trailborn Highlands. With this latest venture, the firm aims to further bolster its presence in the hospitality industry.

A Vision for Renovations

While the purchase price remains under wraps, documents reveal that the new owners secured a mortgage of approximately $84 million for the acquisition, signifying their commitment to enhancing this beautiful resort. Interestingly, this amount is double what the previous owner shelled out for the property just four years ago, showing just how high the stakes are in the competitive Jackson Hole market.

It’s important to note that the Snow King Resort property is separate from the ski area itself, which continues to be owned by Max Chapman and his team of investors. Nevertheless, Castle Peak co-founders, Ben Weinberg and Mike Weiss, have plans to transform the resort into a “four-star family resort” that emphasizes an “old Jackson” feel!

Upgrading Amenities and Community Involvement

The future of the Snow King Resort looks bright, with expected renovations injecting an additional $25 million into upgrading hotel amenities. Upgrades will include revamped rooms, a refreshed lobby, and enhanced outdoor spaces! Room prices are anticipated to range from approximately $300 to $600 per night after renovations, making it accessible for families eager to immerse themselves in the beautiful Wyoming landscape.

But wait, there’s more! Castle Peak is not just focused on making profits; they are genuinely interested in the community’s input. An open house is already in the works, scheduled for the end of April or the beginning of May, where they will gather feedback about the renovation plans. This inclusive approach signals that the company values what the community thinks!

The Great Outdoors Awaits

Beyond its luxurious amenities, the Snow King Resort will serve as a fantastic base for exploring **nearby natural wonders** like Grand Teton and Yellowstone National Parks. Jackson Hole has long been a premier destination for outdoor enthusiasts, and Castle Peak Holdings is keen on emphasizing the accessible outdoor lifestyle that this area has to offer.

As the community grapples with change, it’s evident that the Snow King Resort is setting its sights on a bright and exciting future. With Castle Peak Holdings at the helm, visitors can expect a rejuvenated experience that honors the charm and spirit of Jackson Hole!

Deeper Dive: News & Info About This Topic

• PR Newswire: Castle Peak Holdings Acquires Snow King Resort
• Travel and Tour World: Castle Peak Expands Portfolio
• Hotel Investment Today: Castle Peak Acquires in Wyoming
• Jackson Hole News & Guide: Snow King Resort Sold
• Cowboy State Daily: Snow King Hotel Sale Boosts Ski Hills
• Wikipedia: Jackson Hole
• Google Search: Snow King Resort
• Google Scholar: Castle Peak Holdings
• Encyclopedia Britannica: Jackson Hole
• Google News: Snow King Resort