DiamondRock Hospitality Company Acquires Chico Hot Springs Resort In Montana For $33M

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.