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Castle Peak Holdings Acquires Snow King Resort in Wyoming

News Summary

Castle Peak Holdings has acquired the Snow King Resort in Jackson Hole, Wyoming, marking its largest property purchase and eighth addition to their portfolio. The resort features 203 guest rooms, luxury amenities, and renovations aimed at enhancing guest experiences while maintaining local charm. The firm plans to implement strategic pricing adjustments during peak seasons and engage with the community for future developments. This acquisition strengthens Castle Peak’s position in the outdoor hospitality market and aligns with their vision of family-friendly, experience-driven services.

Wyoming

Castle Peak Holdings, an investment firm known for its Trailborn hospitality brands, has recently finalized the acquisition of the Snow King Resort located in Jackson Hole, Wyoming. This acquisition is significant for the firm, as it marks their largest property purchase to date and their eighth addition to the portfolio.

The Snow King Resort features 203 guest rooms spread across an eight-acre site. Notable amenities include a restaurant that caters to guests’ dining needs, indoor and outdoor spa facilities for relaxation, and ski-in/ski-out access during the winter months, enhancing the winter sports experience for visitors. Its prime location also allows guests to reach the historic town of Jackson within a ten-minute walk, further boosting its appeal as a family-friendly destination.

Alongside the acquisition, Castle Peak Holdings has outlined ambitious plans for the resort’s future. The company is set to undertake substantial renovations aimed at upgrading and expanding on-site amenities. Enhancements to the existing building will target its exterior, lobby, meeting spaces, and dining options to create a more welcoming environment for guests. These renovations will focus on maintaining an “old Jackson” feel, ensuring that the resort reflects the local culture and resonates with both visitors and residents.

The investment is part of Castle Peak’s strategic emphasis on developing iconic outdoor locations and providing experience-driven hospitality. In line with this vision, plans include the addition of family-friendly amenities, comprehensive meeting, and event spaces, varied dining offerings, and an upgraded spa experience. Furthermore, Castle Peak has entered into a long-term partnership with Marriott International, allowing travelers to book any Trailborn hotels through Marriott’s platforms, enhancing visibility and accessibility for families and outdoor enthusiasts.

In terms of financial adjustments, the company aims to increase room rates significantly during peak seasons, with current rates ranging from approximately $170 to $470, potentially rising to between $300 and $600. This pricing strategy will help support the extensive renovation plans and the enhancement of guest experiences, while aligning with market trends for outdoor hospitality in popular destinations.

It is noteworthy that the transaction does not include the adjacent ski area, which is owned separately by Max Chapman and other investors. The previous owner had purchased the Snow King Resort in 2019 for a lower mortgage amount, indicating a notable appreciation in value since that acquisition. This presents an interesting dynamic as Castle Peak embarks on its plans while the ski area remains under different management.

From the perspective of community engagement, Castle Peak Holdings is dedicated to gathering feedback from community members regarding future developments at the resort. This approach aims to ensure that the local population remains informed and involved in the transformation of this iconic property, aligning new initiatives with the needs and desires of Jackson Hole residents.

With its acquisition of the Snow King Resort, Castle Peak Holdings seeks to enhance its standing in the burgeoning outdoor hospitality sector. Within just over a year, the Trailborn brand has established itself as a leader in this niche market. The company’s commitment to creating memorable family-friendly experiences, combined with a focus on maintaining local charm throughout renovations, positions Castle Peak as a strategic player in the competitive landscape of Wyoming hospitality.