What!? Chico Hot Springs In Montana Bought By Maryland Company
More big business has come to Montana, this time in the form of an investment company buying up Chico Hot Springs.
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More big business has come to Montana, this time in the form of an investment company buying up Chico Hot Springs.
The resort itself sold for $27 million, which included the 117-room, 153-acre resort. The adjacent ranch, a 595-acre parcel purchased for approximately $6 million.
PRAY, MT- A Maryland-based hospitality company, DiamondRock Hospitality, purchased Chico Hot Spring Resort and an adjacent 595-acre ranch for $33 million.
DiamondRock Hospitality acquired Chico for $33 million, according to a press release. The 153-acre, 117-room resort was purchased for $27 million along with the 595-acre adjacent ranch for $6 million.
Article - Chico Hot Springs Resort in Paradise Valley, Montana Near Yellowstone National Park Sold for $33 Million - DiamondRock Hospitality Company (NYSE:DRH) today announced that it has acquired the fee-simple interest in the Chico Hot Springs Resort, a lifestyle resort in Paradise Valley, Montana and near Yellowstone National Park. The purchase price for the Resort and adjacent ranch is $33 million.