Boston-based hospitality investment company Blue Flag Capital has added four hotels set to debut this summer: Faraway Jackson Hole in Wyoming, along with Faraway Sag Harbor, Hotel Corduroy in Montauk and Oyster Estate in Greenport, all on Long Island.
The Wyoming hotel also marks Faraway Hotels‘ expansion to the American West and its deepened commitment to Jackson Hole. Following the company’s 2023 acquisition of Snake River Lodge & Spa and the neighboring Alpenhof Lodge, two properties at the base of Teton Mountain, Blue Flag has been actively operating and repositioning the hotels as part of its long-term vision for the destination.
This summer, the former Snake River Lodge & Spa will be transformed into the new Faraway Jackson Hole, while Alpenhof Lodge will temporarily close in April and reopen in 2028 to usher in a new chapter that returns it to its early, upscale roots.
The Faraway brand is also deepening its presence along the East Coast by transforming the historic Baron’s Cove into the 67-room Faraway Sag Harbor. Blue Flag’s growing collection also includes the new high-design beachside retreat Hotel Corduroy and Oyster Estate, a boutique hotel inspired by Greenport’s nautical history.
The expansion underscores Blue Flag’s commitment to acquiring and developing highly differentiated lifestyle hotels with bold design identity, compelling food and beverage concepts and the operational infrastructure to be a key player in competitive and sought-after travel markets, according to the company.
The expansion of the Faraway brand is in partnership with Blue Flag’s in-house management company, Collared Martin Hospitality. The brand’s current operating properties include Faraway Martha’s Vineyard, Faraway Nantucket, along with Beachside Hotel, Blue Iris, Brass Lantern and Life House Nantucket.
“Hospitality is at its best when it connects deeply with guests and the communities around it,” said Jason Brown, cofounder/CEO, Blue Flag Capital. “For us, honoring historic properties goes far beyond preserving beautiful buildings; it’s about honoring the people, traditions and hospitality that make these places so meaningful. As our portfolio continues to grow, our mission remains the same: to steward these properties thoughtfully and help restore the soul of these remarkable destinations for both travelers and the communities that surround them.”
Brad Guidi, cofounder/CDO, Blue Flag Capital, said, “We’re incredibly excited to bring Faraway west to Jackson Hole, one of the most iconic, year-round leisure destinations in the country. Similarly, expanding across Long Island felt like a natural progression from Nantucket and Martha’s Vineyard. These are legacy markets with enduring demand, and we believe there’s room for design-forward hotels that feel deeply connected to their surroundings. We’ve partnered with celebrated collaborators in the design space, including interior design firms Ward + Gray, Jenny Bukovec Studio, ISLYN Studio and architects Workshop/APD, across these four openings to deliver a product that’s elevated, welcoming and intentionally crafted to introduce fresh, unique experiences to each market while honoring the local character and culture.”
