Sixth Street Buys Park Hyatt Beaver Creek for $176M

Sixth Street has expanded its real estate portfolio with the acquisition of the prestigious Park Hyatt Beaver Creek Resort & Spa, a 193-key luxury property nestled in the heart of Colorado's renowned ski destination. The transaction, valued at $176 million, saw the global investment firm partner with Riller Capital to secure the prime alpine asset from Braemar Hotels & Resorts.

This strategic acquisition underscores the enduring appeal of high-end hospitality in sought-after leisure markets. Beaver Creek, known for its exclusive ski-in/ski-out access and year-round appeal, presents a compelling investment thesis driven by limited new supply and consistent demand from affluent travelers. The Park Hyatt brand affiliation further bolsters the property's market position.

The resort boasts a comprehensive suite of amenities designed to cater to both leisure guests and corporate groups. Its offerings include multiple dining venues, a full-service spa, a modern fitness center, an outdoor pool, and extensive meeting facilities spanning approximately 50,000 square feet. Recent renovations in 2025 have ensured the property remains a flagship luxury lodging option in the area.

Aman Gupta, Principal at Sixth Street, highlighted the property's "irreplaceable real estate" and the strong long-term fundamentals of the Beaver Creek market. He emphasized the barriers to new development and the durable demand from various traveler segments, positioning the hotel for sustained success. Sixth Street's real estate division actively pursues direct property investments and provides flexible capital solutions across diverse asset classes.

The deal saw Latham & Watkins, Brownstein Hyatt Farber Schreck, and Eastdil Secured advising Sixth Street. CBRE represented Braemar Hotels & Resorts, while Starwood Property Trust provided financing for the acquisition. This transaction aligns with Sixth Street's broader strategy of investing in high-quality assets within resilient sectors.

Braemar Hotels & Resorts, a REIT focused on luxury hotels, continues its strategy of optimizing its portfolio. The sale of the Park Hyatt Beaver Creek allows Braemar to redeploy capital into other high-growth luxury properties. The luxury hospitality sector, particularly in premier resort destinations, continues to attract significant investor interest, driven by strong RevPAR performance and a recovery in travel spending.