1 minute read

CHICO HOT SPRINGS ACQUIRED BY DIAMONDROCK HOSPITALITY FOR $33 MILLION

EBS STAFF

PRAY—On Aug. 2, Maryland-based DiamondRock Hospitality Company announced they bought Chico Hot Springs Resort for $33 million. The lifestyle resort has been open since 1900 and features a lodge with dining options and hot spring pools at the base of Emigrant Peak in the Paradise Valley.

A press release from DiamondRock stated that the company bought the 117-room lodge and 153-acre resort for $27 million and an accompanying ranch on 585 acres for $6 million.

“We expect Chico will generate a 10.5% [net operating income] yield on the total $33 million purchase price upon stabilization,” the release stated. DiamondRock owns 36 hotels totaling 9,700 rooms.

Otter Attack On Jefferson River Injures Three

EBS STAFF

THREE FORKS—Three women were injured by otters while floating the Jefferson River on Aug 2., according to a press release from Montana FWP.

The attack occurred around 8:15 p.m., roughly three miles upstream from the Sappington Bridge, a popular boat launch located in Three Forks. The three victims were floating on inner tubes and observed one or two otters, one of which “approached and attacked them,” according to the release.

The women escaped and the otter swam away. They called 911, and at least five agencies responded, plus a local landowner. All three women were injured and received medical care in Bozeman. The most seriously injured of the three was transported via helicopter.

FWP, one of the agencies that responded to the incident, posted signs at nearby fishing access sites to warn recreationists of the dangers of wild animals including otters.

Support Tower Complete For New Lone Peak Tram

EBS STAFF

BIG SKY—Big Sky Resort has completed construction on the sole, one-hundred-foot tower which will support the new Lone Peak Tram. Construction for the tower took over 250,000 pounds of steel and 300 cubic yards of concrete, according to a press release from the resort. “Specialists from seven US-based construction companies and Garaventa in Switzerland worked with Big Sky Resort team members to achieve this high-alpine feat of engineering,” the release stated.

The tower’s foundation was installed in summer 2022. This summer, a crane was constructed at the site of the tower—about 650 feet below the summit—for completion of the tower.

The next phase of construction will include completion of terminal structures. The tram remains scheduled to open for winter 2023-24.

This article is from: