03 Case Studies

The Virginian Lodge

Assignment Overview

RobertDouglas advised Waterton and the Orion Companies in securing a $30-million, non-recourse senior mortgage for the acquisition and renovation of The Virginian Lodge in Jackson, Wyoming. The long-term, fixed-rate financing was provided by a national bank.

Property Background

The 170-key independent hotel with 103-stall RV Resort is located on a 12.9-acre site in the heart of Jackson within minutes from the historic Town Square and near world-class outdoor recreation destinations, including Grand Teton National Park and Yellowstone National Park. The Hotel will undergo a transformational renovation and will be repositioned as a boutique, outdoor lifestyle hotel.

Deal Highlights 

Client:
Lender:
Debt Proceeds:
Key Count; RV Stall Count:

 

Waterton and the Orion Companies
National bank
$30 million
170; 103