SOLD
DiamondRock Hospitality Company Acquires Chico Hot Springs Resort In Montana For $33M
163 Chico Road
Hotel
Sold 279 days ago
Summary
Sale
MONTANA
Hotel
The Chico Hot Springs Resort, a lifestyle resort in Paradise Valley, Montana, near Yellowstone National Park, has been acquired by DiamondRock Hospitality Company for a purchase price of $33 million. The resort and the adjacent ranch, known as "Chico," were sold in this transaction.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $33,000,000
- Address: 163 Chico Road, Pray, MT
- Market: Pray, MT
DiamondRock Hospitality Company, represented by Mark W. Brugger, acted as the buyer in this transaction. The acquisition of the Chico Hot Springs Resort and Chico Ranch showcases the company's strategy to expand its portfolio.
Details
SOLD
IMAGE: Mark W. Brugger
DATE: 08/02/2023
ADDRESS: 163 Chico Road
MARKET: Pray, MT
ASSET TYPE: Hotel
BUYER: DiamondRock Hospitality Company - Mark W. Brugger
SALE PRICE: $33,000,000
KEYS: 117 ~ PPK: $282,051
NOTE: DiamondRock Hospitality Company (NYSE:DRH) has acquired the Chico Hot Springs Resort, a lifestyle resort in Paradise Valley, Montana, near Yellowstone National Park. The purchase price for the resort and adjacent ranch, known as "Chico," was $33 million.View on map
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Address163 Chico Road
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