The resort features a range of accommodation options consisting of a historic lodge, luxurious cabins and chalet. Credit: Rob Crandall via Shutterstock.com.

DiamondRock Hospitality Company has purchased Chico Hot Springs Resort along with an adjacent ranch in the US state of Montana for $33m.

The 153-acre resort bought from a single owner-operator is an independent property, with no brand and management agreements.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

DiamondRock Hospitality Company president and CEO Mark W Brugger said: “Acquiring owner-operated properties in unique markets often allows DiamondRock to achieve superior returns on high-quality real estate.

“Moreover, Chico has numerous of the attractive attributes we target, such as durable cash flow, significant ROI opportunities, irreplaceable location, fee-simple and fully unencumbered by brand and management.”

The 117-room lifestyle resort, acquired for $27m, is situated at the base of Emigrant Peak and near Yellowstone National Park in Paradise Valley.

See Also:

It features a range of accommodation options consisting of a historic lodge, luxurious cabins and chalets, that overlook the Paradise Valley.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The full-service resort boasts three dining outlets consisting of Chico Saloon, the Poolside Grille and the Historic Dining Room.

It also offers recreational activities such as mountain biking, horseback riding, fly fishing, dog sledging, rock climbing, hiking and cross-country skiing.

The 595-acre neighbouring ranch, purchased for $6m provides trails for horseback riding and hiking.

It also offers the possibility for resort expansion or residential lot sales in the future.

Earlier this week, the hospitality company opened a 403-room lifestyle hotel, called the Dagny, in Boston.

In May this year, DiamondRock Hospitality acquired a Kimpton-branded boutique lifestyle beach resort in Florida’s Fort Lauderdale for $35.3m.

DiamondRock Hospitality Company currently owns 36 hotels and resorts with more than 9,700 rooms.