Waterton, a Chicago-based real estate investor and operator, has acquired Town & Country Stowe, a 54-key independent hotel located in Stowe, VT. The firm will renovate the property with updates to guestrooms and outdoor common areas, and will add a mixture of lofted barn suites and cabins to create a product that does not currently exist in the market, according to Waterton. Springboard Hospitality has been tapped to operate the property.
“The acquisition of Town & Country Stowe is a great opportunity to expand our hotel footprint to the East Coast,” said Matt Mering, EVP, hospitality, Waterton. “Stowe has been a year-round destination for outdoor enthusiasts for decades, and it’s exciting to be able to offer a new concept in lodging that’s relatively affordable and keeps the modern traveler in mind. Our signature reimagined spaces, fun food and beverage concepts and engaging experiences will set the stage for a memorable stay for our guests.”
The Town & Country Stowe transaction marks the third acquisition for Waterton’s lifestyle hotel portfolio, which also includes The Sierra Nevada Resort & Spa in Mammoth Lakes, CA, and The Virginian in Jackson Hole, WY.
“Given the rising demand for outdoor-oriented, active lifestyle destinations, we believe that Town & Country Stowe will bring a lodging option to the market that will become a destination for the multitude of year-round visitors and locals alike,” said Mering. “In addition to being a destination for winter mountain sports, Stowe is also a destination in summer and fall for leaf peeping season. The property also features a riverfront beach with direct access to the Stowe Rec Path, providing an easy-to-access path for casual strolling, bicycle riding and hiking.”
Located adjacent to the 258-acre Cady Hill Forest, the hotel is set on a 10-acre site and is about seven miles from Stowe Mountain Resort and eight miles from Mount Mansfield, the highest peak in Vermont.
