financeHotels Magazine··1 min·For: Owner, Investor, GM, Revenue
Sixth Street Buys Park Hyatt Beaver Creek for $176 Million
Global investment firm Sixth Street, in partnership with Riller Capital, has acquired the 193-key Park Hyatt Beaver Creek Resort & Spa for $176 million. The luxury ski-in/ski-out property features recently renovated rooms and extensive spa and meeting facilities.
Key Takeaways
- 1Monitor luxury resort valuations as Sixth Street pays approximately $912,000 per key for this iconic Colorado property.
- 2Leverage high-demand mountain destinations which benefit from significant barriers to entry and limited new supply.
- 3Capitalize on recent renovations and extensive amenities like 50,000 square feet of event space to drive year-round group and leisure revenue.
Source: Hotels Magazine
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