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Castle Peak Holdings, the investment firm behind outdoor hospitality brand Trailborn, has announced the acquisition of Snow King Resort in Jackson Hole, Wyoming, its largest purchase to date.

The 203-room full-service resort spans eight acres and features a range of amenities, including a restaurant, indoor and outdoor spa facilities, and ski-in/ski-out mountain access during winter months.

Under the ownership of Castle Peak Holdings, Snow King Resort will undergo renovations to upgrade and expand the on-site amenities, and enhance the building’s exterior, lobby, meeting spaces and dining offerings.