The Park Hyatt Beaver Creek Resort and Spa, a luxury property located in Beaver Creek, Colorado, has been purchased for $176 million. The transaction was finalized by Braemar Hotels & Resorts Inc., a real estate investment trust based in Dallas, Texas.
According to Braemar Hotels & Resorts Inc., the acquisition includes the 190-room resort, which is situated at the base of Beaver Creek Mountain. The property features ski-in/ski-out access, a 30,000-square-foot spa, and several dining options. The resort is also known for its conference and event facilities.
Richard J. Stockton, President and Chief Executive Officer of Braemar Hotels & Resorts, stated, “We are excited to add the Park Hyatt Beaver Creek Resort and Spa to our portfolio. This acquisition aligns with our strategy of investing in high-quality luxury properties in desirable locations.”
The resort will continue to operate under the Park Hyatt brand. Braemar Hotels & Resorts indicated that the management agreement with Hyatt Hotels Corporation will remain in place following the sale.
The Park Hyatt Beaver Creek Resort and Spa is located in the Vail Valley, a region recognized for its year-round recreational activities, including skiing, hiking, and golfing. The property’s amenities include an outdoor pool, fitness center, and direct access to Beaver Creek Village.
Braemar Hotels & Resorts Inc. owns a portfolio of luxury hotels and resorts across the United States. The company’s acquisition of the Park Hyatt Beaver Creek Resort and Spa marks its latest investment in the hospitality sector.
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