Co-founder of Fortress Investment Group Wes Edens is can now add hotelier after his name following the acquisition of Caldera House in Jackson Hole, Wyoming. The purchase was the result of a six-year, $100 million investment by Mr. Edens and three of his friends. Now, he’s ready to speak out about entering into the hospitality business.
Wes Edens spoke candidly with the Houston Chronicle about why he chose to purchase a hotel in Jackson Hole; in short, it’s his favorite place in the world, and he wouldn’t have considered anywhere else to open a hotel. As Mr. Edens claimed, the town has a Western feel which he is quite fond of and that he hasn’t been able to find anywhere else. Read more on fortress.com
But what does Mr. Edens, who is also co-owner of the Milwaukee Bucks basketball team, think of the local skiing culture compare to many other areas in the world? As Wes Edens notes, the area’s reputation speaks for itself; Jackson Hole Mountain has been ranked the No. 1 ski resort in America for several years running. He claims that this is down to some reasons. Firstly is the mountain range itself; Jackson Hole Mountain has runs that are challenging enough to entice the most professional skiers while also providing runs for those with less experience.
Secondly is the fact that it’s not as isolated as many others. As Wes Edens notes, the Grand Teton National Park airport is only a 12-minute drive away. This accessibility and diverse range of difficulties have contributed to the mountain becoming one of the most obvious choices skiers around the globe. This fact is evident by the diversity of the crowds that gather in the area; skiers are a mix of locals and international travelers and represent a wide range of skill levels.
As an experienced skier himself, Wes Edens also has some advice for advanced skiers looking for a challenge; hit the Hoback as they provide some of the best powder runs in the world. He also praised the beautiful terrain, which he notes seem like it goes on for miles.