Barings and Waterton have formed a joint venture to recapitalize two existing Outbound Hotels, The Virginian Lodge in Jackson, WY, and Outbound Stowe in Stowe, VT. This follows the partnership’s earlier acquisition of the Poco Diablo Resort in Sedona, AZ, which will be reimagined as Outbound Sedona, slated to open in Q2 2026.
The three properties are part of Waterton’s hospitality brand Outbound Hotels, a collection of lifestyle hotels and experiences located in outdoor destinations across the U.S. Management of Outbound’s portfolio, including The Virginian Lodge, Outbound Mammoth, Outbound Stowe, Outbound Sedona and Outbound Yosemite, is exclusively overseen by CoralTree Hospitality as part of the companies’ strategic partnership.
“The Virginian Lodge and Outbound Stowe are two exceptional lifestyle hotels where we see an opportunity to add value and expand their audience, all while preserving what makes them special,” said Stuart Turner, managing director, hotel group, U.S. real estate, Barings. “As travelers continue to seek out unique destination hotels located close to their favorite outdoor activities, we believe our investments with Outbound in Jackson, Stowe and Sedona are positioned to benefit from long-term trends in travel and leisure.”
The Virginian Lodge is a 165-key hotel offering access to a range of outdoor attractions, including hiking, climbing, fly fishing, skiing and two national parks, Grand Teton and Yellowstone. Outbound Stowe is a 76-key hotel offering access to New England ski resorts and four-season activities in Vermont’s Green Mountains. The investment from Barings will allow Outbound Hotels to enhance and expand amenities.
The soon-to-be Outbood Sedona is undergoing a large-scale renovation, including revived guestrooms, expanded amenities, a new restaurant and a new pool complex that includes a two-tiered pool, hot tubs and firepits.
“With Barings’ partnership and investment in The Virginian Lodge, Outbound Stowe and the soon-to-open Outbound Sedona, we’re strengthening the collection in a way that supports each property’s character and long-term potential,” said Matthew Mering, EVP, hospitality, Waterton and cofounder, Outbound Hotels. “Our focus remains on creating hotels that are rooted in place and connected to the outdoors, and we’re excited to continue growing thoughtfully alongside Barings and CoralTree Hospitality.”
