Castle Peak Holdings, the investment firm behind the Trailborn hospitality brand, has closed on its second vehicle with total committed capital of $315 million raised over a four-month period.
The firm’s recent acquisition of Snow King Resort in Jackson, WY, marks the first investment of this new vehicle and expands Castle Peak’s portfolio of hotels and resorts in outdoor destinations across the U.S.
Launched in 2021 by two Goldman Sachs alums, Castle Peak designed a playbook to create and scale niche real estate platforms, according to the company. Trailborn is the first embodiment of the company’s playbook and the singular focus of the firm today.
Trailborn brings a new level of hospitality to outdoor destinations where it doesn’t currently exist with hotels designed to help travelers rediscover the beauty of America, according to the brand. Each property offers a guided experience, led by local experts who curate recommendations, excursions and amenities.
“Closing this vehicle is a testament to the durability of our model and the belief that exceptional outcomes come from doing the hard work ourselves—strategically, creatively, and operationally,” said Ben Weinberg, cofounder/co-CEO, Castle Peak Holdings. “We’re a team of deep sector specialists, and we believe our relentless, singular focus positions us for success in this type of environment.”
Mike Weiss, cofounder/co-CEO of Castle Peak Holdings, said, “Where and how people travel is evolving, but what drives them to do so isn’t—the desire to create lifelong memories with those they love. We’re tapping into this by building brands that unlock extraordinary adventures in iconic outdoor destinations. We’re energized by the level of excitement Trailborn has continued to receive from both investors and guests alike. This new infusion of capital will allow us to continue to scale Trailborn’s approach to experiencing the great outdoors and deliver to customers what they’ve been searching for.”
In 2024, Trailborn entered into a long-term agreement with Marriott to add Trailborn’s portfolio to Marriott’s system. Additionally, in just over a year, the brand has opened five properties, including Trailborn Rocky Mountains & Trailborn Rocky Mountains Outpost in Estes Park, CO; Trailborn Highlands in North Carolina’s Blue Ridge Mountains; Trailborn Surf & Sound in Wrightsville Beach, NC; and, most recently, Trailborn Grand Canyon in Williams, AZ. Additional properties are expected to debut in Mendocino, CA, and Jackson Hole, WY, within the next year.
