#United States #New York #Trailborn #Castle Peak #Snow King Resort

Castle Peak Holdings Closes on $315 Million Real Estate Fund

Castle Peak Holdings, the investment firm renowned for its innovative approach to hospitality, recently announced the successful closure of a new $315 million real estate vehicle. This initiative represents a significant step forward for the firm's Trailborn brand, which aims to transform outdoor hospitality across the United States. The firm raised this capital in just four months, indicating strong support from both new and existing capital partners.

Targeting Iconic Outdoor Destinations

The firm’s first investment from this new fund is the acquisition of the Snow King Resort in Jackson Hole, Wyoming, expanding its portfolio of unique hotels and resorts in iconic outdoor locations. The increasing popularity of Trailborn's unique concept demonstrates the vital role the firm plays in reshaping the outdoor hospitality scene.

Founded in 2021 by two former Goldman Sachs executives, Castle Peak Holdings set out with a distinctive strategy designed to create and grow niche real estate platforms. This approach is based on addressing existing supply-demand imbalances within the market and focusing on deep sector specialization. Their methodology emphasizes value creation that is both real estate-driven and platform-driven, aiming to achieve superior investment outcomes.

The Trailborn Experience

Trailborn, the firm’s flagship brand, stands as a testament to their vision, focusing on providing exceptional hospitality in extraordinary outdoor settings. Each Trailborn property is designed to enhance the visitor experience, allowing travelers to discover and appreciate the beauty of America. The resorts not only provide luxurious accommodations but also curate memorable experiences led by local experts, including recommendations and excursions, to ensure guests have a truly unforgettable stay.

Ben Weinberg, co-founder and co-CEO of Castle Peak Holdings, expressed pride in the firm’s progress, stating, "Closing this vehicle is a testament to the durability of our model and the belief that exceptional outcomes come from doing the hard work ourselves—strategically, creatively, and operationally."

Evolving Travel Trends

As travel preferences change, people are seeking deeper connections with nature and memorable experiences with loved ones. Castle Peak is committed to meeting these evolving needs, creating brands that unlock access to extraordinary adventures in stunning outdoor destinations. Mike Weiss, co-founder and co-CEO, added, "We're energized by the level of excitement Trailborn has continued to receive from both investors and guests alike... This new infusion of capital will allow us to continue to scale Trailborn's approach."

Since its launch, Trailborn has gained significant traction, drawing a loyal customer base eager for genuine connections in nature without compromising on quality. The brand recently entered into a strategic agreement with Marriott, integrating its offerings into the global hotel chain’s portfolio. In just over a year since its inception, Trailborn has opened multiple stunning properties, including establishments in the Rocky Mountains, the Blue Ridge Mountains, Wrightsville Beach, and the Grand Canyon with more to follow soon in Mendocino and Jackson Hole.

A Glimpse into the Future

As Castle Peak Holdings forges ahead, the firm is poised for significant growth, wishing to set a new standard in outdoor hospitality. The backing from the capital partners for this latest fund highlights investor confidence in the firm’s ability to curate remarkable experiences that resonate with today’s travelers. As they embark on this journey to redefine outdoor adventure, Castle Peak Holdings remains focused on creating properties that are not just places to stay, but also venues for lasting memories.

With their hands-on operational approach and deep market insights, Castle Peak Holdings and its Trailborn brand are clearly ready to make their mark in the hospitality industry, attracting both tourists and investors alike to their expanding portfolio of resorts. For more information on their initiatives and properties, visit castlepeakholdings.com.