KDG Capital, a Tampa, Fla.-based real estate private equity firm, purchased the Snow King Resort Hotel in Jackson, Wyo. Benchmark, a global hospitality company, will continue to operate and market the 230-room property, located at the foot of Snow King Mountain in the Grand Teton mountains, minutes from the center of Jackson Hole, Wyo. KDG plans to invest $5 million in capital improvements to the property..
“We are excited to be a part of this iconic resort’s future and to contribute positively to the Jackson community,” Greg Ogle, partner at KDG Capital, said in a statement.
KDG Capital is a private equity firm focused on acquiring and operating full-service hospitality properties throughout the United States. The company’s recent purchases include the Cheyenne Mountain Resort in Colorado Springs, Colo., and the Seaview Hotel and Golf Club in Galloway, N.J.
“We are very pleased and proud to continue our management of Snow King Resort Hotel, and excited to be working with KDG Capital on this venture,” Alex Cabañas, CEO of Benchmark, said in a statement. “The resort holds a special place in the community and is an excellent example of our commitment to experiential travel.”
The Snow King Resort Hotel is part of the Benchmark Resorts & Hotels brand and offers 230 guestrooms, suites and vacation condos for vacation rentals, along with 10,000 square feet of meeting and event space. The resort’s Hayden’s Post Restaurant offers fine dining, while the Hayden’s Post Bar and Kitchen is open for breakfast, lunch and dinner. Other resort facilities include Olga’s Spa, a heated outdoor swimming pool, a fitness center and shuttle service to Jackson Hole Airport and other ski areas.