Waterton Expands Hotel Platform to East Coast with Stowe Acquisition
Waterton, a Chicago-based national real estate investor and operator, has acquired Town & Country Stowe, a 54-key independent hotel located at 876 Mountain Rd. in Stowe, VT. The firm will transform the property with updates to guest rooms 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.
“The acquisition of Town & Country Stowe is a great opportunity to expand our hotel footprint to the East Coast,” said Matt Mering, EVP, hospitality at 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.”
Springboard Hospitality, a hotel management firm with extensive experience in lifestyle hotel repositioning, has been tapped to operate Town & Country Stowe on behalf of Waterton.