Snow King Resort hotel, base area — but not ski hill — sold

JACKSON (WNE) — Snow King Resort — the hotel at the base of the Town Hill — sold Friday to a company that operates seven hotels in resort communities across the United States.

The new owners declined to disclose exactly how much they paid for the roughly 13-acre property.

But documents included in the public land record indicate they took out a roughly $84 million mortgage for the buy. That’s roughly double what the previous owner, a Tampa, Florida, real estate firm, KDG Capital, took out for its purchase of the hotel in 2019.

Ben Weinberg is one of Snow King hotel’s new owners. Along with Mike Weiss, he is a co-founder and co-CEO of Castle Peak Holdings, which owns the Trailborn hotel chain

The sale of the hotel does not, however, mean the ski area has sold.

Snow King’s on-mountain improvements are owned by Max Chapman and other investors, and helmed by General Manager Ryan Stanley. Snow King Mountain Resort — the ski hill — separated from the hotel property — Snow King Resort — in the mid-2010s.

The New York buyers said they’ve been talking with KDG Capital for a few years and expressed interest in the property long ago. They say they want to renovate the hotel, injecting another $25 million into upgrading the rooms, lobby, restaurant, outdoor spaces and pool.

Under the town’s master plan for the Snow King Resort District, the hoteliers have the option to add hundreds of thousands of square feet of development to Snow King’s base area. They can add five wings onto the hotel as well as a new conference center and other resort amenities on the lightly developed, 5-acre parcel.

This story was published on April 16, 2025.