High Street Real Estate Partners, RGP Partners, and Acron Real Estate Investments Acquire Two Iconic Assets in Snowmass, Co.

The Westin Snowmass Resort and Wildwood Snowmass Will Transform Under New Ownership & Management

USA, Atlanta, Georgia. December 22, 2020

Davidson Hotels & Resorts, one of the nation's premier full-service hospitality management companies, has been selected by High Street Real Estate Partners, RGP Partners, and ACRON Real Estate Investments to manage The Westin Snowmass Resort and Wildwood Snowmass. As part of the transition, both properties will undergo transformational renovations to guestrooms, F&B outlets and public spaces. Bolstering its presence in Colorado, Davidson now operates four properties in the state, with a fifth in the pipeline.

"We are pleased to tap Davidson Hotels & Resorts as operator of these two distinguished assets in Snowmass, Colorado. These assets are excellent additions to High Street's growing portfolio of irreplaceable hospitality properties in the United States' premier destination markets," stated Justin Wilson, President of High Street Real Estate Partners. "The Town of Snowmass Village, a family-friendly and vibrant mountain town, has recognized substantial business growth and an influx of new development and visitors over the past decade. Our main goal in acquiring these assets is to become an exciting piece of the evolving Snowmass story while being cognizant of the preservation efforts needed to uphold the natural beauty and integrity of the area. Our partnership with RGP Partners and ACRON Real Estate Investments consolidates decades of real estate repositioning experience throughout the world, including the Aspen/Snowmass area."

"As outdoor enthusiasts with a passion for the mountains, we are excited to officially welcome these distinctive properties to our portfolio," said Davidson Hotels & Resorts President Thom Geshay. "Our team possesses deep-rooted knowledge of the complexities of seasonal resort operations. We are grateful to build upon our existing partnership with High Street Real Estate Partners and remain focused on driving bottom line results, while creating an inspiring work environment that enables our team members to execute thoughtful experiences for guests."

Situated in the heart of Snowmass Village with ski-in/ski-out access to Snowmass Mountain, The Westin Snowmass Resort features 254 rooms and 17 suites. With easy access to the slopes, dining, shopping and nightlife, the resort offers two restaurants, an on-site Starbucks®, a Westin Spa, mountainside heated pool, hot tub & sun deck, a Westin WORKOUT™ fitness center, private ski and bike valet, and 25,000 square feet of state-of-the-art indoor and outdoor meeting and event space, including an 11,800 square-foot ballroom.

Wildwood Snowmass offers a laid-back, authentic mountain experience in a casual, hip environment. With 121 cozy rooms and suites, Wildwood is minutes from the slopes of Snowmass and village hotspots. The Bar at Wildwood, a casual beer hall ideal for après ski, dinner or late-night fun, pours 10 taps of Colorado's finest brews paired with classic tavern fare, appetizers and specialty pizzas.

For more information about Westin Snowmass and Wildwood Snowmass, please visit www.westinsnowmass.com and www.wildwoodsnowmass.com.



Tags: davidson hotels and resorts, davidson hotels, snowmass, colorado, resorts

About Davidson Hospitality Group

Media Contact:

Carrie Drost
Director, Communications
Davidson Hotels & Resorts
T: +1 470-799-6053
E: cdrost@davidsonhotels.com
W: http://www.davidsonhotels.com

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