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Transactions - AUGUST 24, 2020

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Waterton JV acquires 13-acre site in Wyoming

by Released

Waterton has completed the acquisition of the iconic Virginian Lodge and adjacent RV Park as part of a joint venture with Jackson, Wyo.–based Orion Cos.

Built in the 1960s and located at 750 W. Broadway in downtown Jackson, the 170-key lodge will undergo a repositioning that will fill a need for a unique lifestyle experience in this adventure travel-oriented market. Planned renovations to rooms, amenities, common areas, retail spaces, and food and beverage operations will begin late 2020.

“The Virginian Hotel is well-aligned with Waterton’s expertise in transforming iconic properties, and we’re excited to partner with a respected Jackson-based firm to reposition the property into one with wide appeal for Jackson Hole visitors,” said David Schwartz, president and CEO of Waterton. “As a multi-generational Jackson resident, Orion Companies’ vision complements my own passion for the local area. I’m thrilled to embark on this journey and to fill a need in th

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