KDG Capital acquires Snow King Resort Hotel in Jackson, WY
KDG Capital, a Florida-based real estate private equity firm, has purchased the Snow King Resort Hotelin Jackson, Wyoming. Benchmark will continue to operate and market the 230-room property, located at the foot of Snow King Mountain in the Grand Teton mountains, just minutes from the center of Jackson Hole, Wyoming. KDG plans to invest $5 million in capital improvements to the property. Snow King Resort Hotel is part of Benchmark’s signature Benchmark Resorts & Hotels brand.
“We are excited to be a part of this iconic resort’s future and to contribute positively to the Jackson community,” says Greg Ogle, Partner at KDG Capital LLC. KDG Capital is a family office private equity firm based in Tampa, Florida, focused on acquiring and operating full service hospitality properties throughout the United States. Recent additional purchases include Cheyenne Mountain Resort in Colorado Springs, CO, and the Seaview Hotel and Golf Club in Galloway, NJ.
“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,” says Benchmark’s CEO Alex Cabañas. “The resort holds a special place in the community and is an excellent example of our commitment to experiential travel,” Mr. Cabañas notes. In recent years, Benchmark introduced and expanded its Wanderlust platform to offer guests unique, customized travel experiences that inform and inspire. Snow King and the surrounding area offer a variety of all-season culinary, cultural and shopping experiences as well as outdoor adventures that span mountaineering, dog sledding, tandem flights, fishing and skiing. One of America’s top winter ski resorts, Jackson Hole is known for deep powder and challenging slopes. Snow King has its own ski lift, instructors and equipment rentals, and of course, facilities for après ski. The resort also offers the only night skiing in Jackson Hole.
Once the hunting and gathering grounds for Native Americans and European fur trappers and later a hub of Wyoming’s cattle ranchers, Jackson Hole today is one of the world’s most acclaimed and beautiful resort destinations. Its spectacular mountains set a scene for all seasons, with hiking, horseback riding, river rafting and abundant wildlife for viewing at nearby Yellowstone and Grand Teton National Parks. Jackson Hole is also noted for its fine restaurants, art galleries and boutiques.