Lone Mountain Land Company

What Lone Mountain Land Company does

Lone Mountain Land Company (LMLC) is a privately held real estate development and hospitality operating company headquartered in Big Sky, Montana, founded in 2014 by private equity sponsor CrossHarbor Capital Partners. The company plans, entitles, builds, markets, and sells premier mountain resort communities, anchored by three private membership ski and golf clubs—Yellowstone Club on 15,200 acres, Spanish Peaks Mountain Club on 5,700 acres, and Moonlight Basin (with over 17,000 acres permanently protected)—plus the 18,000-acre Crazy Mountain Ranch acquired in 2021. Its portfolio also includes an integrated Big Sky Town Center district and a hospitality stack operated through brand partnerships: Montage Big Sky (139 keys), The Wilson Hotel (129 keys, operated under Marriott's Residence Inn), One&Only Moonlight Basin (92 keys, opened late 2025 under the Kerzner International partnership), Buck's Roadhouse, and additional food-and-beverage outlets.

LMLC generates revenue through multiple streams: one-time sales of luxury residences, condominiums, townhomes, and commercial spaces; recurring private club initiation fees and dues; recurring hospitality revenue from owned hotel assets; recurring rental income from a workforce/community housing portfolio that has delivered over 500 long-term units (100% leased) on a $300+ million capital base with a $400 million total commitment and a buildout plan exceeding 1,250 units and 4,000 beds; and one-time private hangar sales plus recurring aviation and charter services via Lone Mountain Helicopters, Lone Mountain Travel, and approximately 350,000 SF of hangar and FBO space at Bozeman Yellowstone International Airport. Distribution runs through The Big Sky Real Estate Company brokerage (formed 2017), direct enterprise relationships targeting ultra-high-net-worth buyers, and earned media plus the Big Sky Life magazine and Dispatch newsletter. Notable operational technology includes off-site modular construction methods and solar PV installations on workforce housing facilities (Buck's T-4, Powder Light), and the company is led by President Matt Kidd with CFO Frank Acito and a deep bench of EVPs and VPs across Development, Investments, Hospitality Operations, Marketing and Strategy, Architecture and Design, Construction, Environmental Operations, and Technology.

Name

Lone Mountain Land Company

Legal name

Lone Mountain Land Company

Website

https://lonemountainland.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

101–250 employees

Short description

Lone Mountain Land Company develops and operates luxury mountain resort communities in Big Sky, Montana—including Yellowstone Club, Spanish Peaks Mountain Club, Moonlight Basin, Montage Big Sky, and One&Only Moonlight Basin—serving ultra-high-net-worth buyers with real estate, private club memberships, hospitality, workforce housing, and aviation services.

Ownership category

akta.pro rank

Product category

Luxury Real Estate Development

NAICS

Traveler Accommodation (7211), Real Estate Property Managers (53131), New Housing For-Sale Builders (236117), Skiing Facilities (71392)

SIC

Hotels & Motels (7011), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Mountain & Ski Luxury Resorts (THAGACAB)

akta.pro secondary industries

Ski & Mountain Full-Service Hotels (THAGAAAJ), Mountain & Ski Homes (THAMAAAG), Snow & Mountain Unique Stays (Chalets, Ski Cabins) (THAMADAL)

Keywords

• Luxury real estate development
• Private mountain clubs
• Resort hospitality operations
• Workforce housing development
• Master-planned communities

Headquarters

HQ city

Big Sky

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. Real Estate Development and Sales: Master-planned community development including luxury residential properties, condominiums, townhomes, and commercial spaces across Big Sky, Montana developments.
2. Private Club Memberships: Membership fees and initiation fees for exclusive ski and golf clubs including Yellowstone Club, Spanish Peaks Mountain Club, and Moonlight Basin.
3. Hospitality Operations: Hotel operations through Montage Big Sky, The Wilson Hotel, and hospitality venues including Buck's Roadhouse and restaurant outlets.
4. Aviation Services: Private hangar development and sales at Bozeman Yellowstone International Airport, helicopter services through Lone Mountain Helicopters, and charter flight services through Lone Mountain Travel.
5. Workforce Housing Development: Development of long-term rental units for local workforce; units are leased to local families, businesses, and individuals working in Big Sky.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Core offering

Lone Mountain Land Company develops, markets, and sells master-planned luxury real estate communities and private membership clubs in Big Sky, Montana, including Yellowstone Club, Moonlight Basin, and Spanish Peaks Mountain Club. The firm also operates luxury resort properties (Montage Big Sky, One&Only Moonlight Basin, The Wilson Hotel), develops workforce and community housing, and runs aviation, hospitality, and brokerage services through wholly-owned subsidiaries.

Product overview

Lone Mountain Land Company is a real estate development firm that operates a portfolio of luxury resort and residential properties in Big Sky, Montana. The company offers a diverse portfolio of products including private ski and golf club communities (Yellowstone Club, Moonlight Basin, Spanish Peaks Mountain Club), luxury resort properties (Montage Big Sky, One&Only Moonlight Basin), workforce and community housing developments, commercial/hospitality properties (The Wilson Hotel, Buck's Roadhouse), a real estate brokerage (The Big Sky Real Estate Co.), and aviation/travel services (Lone Mountain Helicopters, Lone Mountain Travel, Bozeman Private Hangars). The company also manages Crazy Mountain Ranch as a private membership experience. The portfolio is tied together through Big Sky Town Center as a central hub for commercial, residential, and hospitality activities, with development overseen by parent company CrossHarbor Capital Partners.

Differentiator

Problem solved

Functional benefit

Products and services

• Yellowstone Club The largest and most exclusive private ski, golf, and adventure community in the world, situated on 15,200 acres with 2,900 acres of ski terrain and a Tom Weiskopf-designed 18-hole Championship golf course. Membership-only community for ultra-high-net-worth individuals.
• Moonlight Basin A private residential and recreational community managed by LMLC on the backside of Big Sky's iconic Lone Peak, featuring ski access to Big Sky Resort and a Jack Nicklaus Signature golf course, with over 17,000 acres permanently protected.
• Spanish Peaks Mountain Club A 5,700-acre, membership-only ski and golf community featuring distinctive mountain homes, Aspire Lodge, Montage Big Sky hotel and residences, tennis and pickleball facility, and two golf courses including the Tom Weiskopf Championship course and Tom's 10 par-3 course.
• Montage Big Sky A luxury mountain resort located within Spanish Peaks Mountain Club with 139 guest rooms and suites, six dining options, a 10,000 sq. ft. spa, outdoor pool, bowling alley, and access to ski terrain and Tom Weiskopf Championship golf course. Operated by Montage Resorts.
• Big Sky Town Center A commercial, residential, and hospitality district featuring walkable town experience with restaurants, bars, shops, music venues, The Wilson Hotel, apartments, lofts, condominiums, single-family homes, parks, and trail systems.
• Community Housing Workforce housing rental development with over 500 long-term rental units including studios to five-bedroom townhomes, with projects including Buck's T-4, Powder Light, RiverView, and Gateway Village. 100% leased.
• The Wilson Hotel A mixed-use hotel and retail property in Town Center with 129 hotel rooms, operated by Marriott International Residence Inn.
• Crazy Mountain Ranch An 18,000-acre working cattle ranch offering a private membership experience with lodging, dining, Coore & Crenshaw designed 18-hole golf course, horseback riding, fly fishing, and other recreational activities.
• One&Only Moonlight Basin One&Only's first U.S. resort featuring 73 guest rooms, 19 guest cabins, 62 private homes, multiple lodges, ski lift infrastructure, restaurants, and a world-class spa. Development overseen by LMLC.
• Buck's Roadhouse Historic gathering place in Big Sky with roots dating to 1946, featuring restaurant, bar, event spaces, and hospitality.
• The Big Sky Real Estate Co. Premier real estate brokerage formed in 2017 to oversee buying and selling opportunities for LMLC's development properties including Moonlight Basin, Spanish Peaks Mountain Club, Montage Residences, One&Only Moonlight Basin real estate, and Town Center properties.
• Lone Mountain Helicopters Premier helicopter services offering scenic flights, club-to-club transfers, heli-fishing, real estate viewings, aerial photography, and transportation using experienced pilots and state-of-the-art helicopters.
• Lone Mountain Travel High-end travel services including private charter flights with luxury aircraft, helicopter tours, and seasonal shuttle programs connecting Bozeman to key U.S. cities.
• Bozeman Private Hangars Private hangar and FBO space development at Bozeman Yellowstone International Airport, with approximately 350,000 SF of private hangar space developed and sold.

Quantifiable outcome

• Over 500 long-term rental units developed and 100% leased
• +2 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• Discovery Land CompanycoreStrategic or Co-development PartnerJoint development partnership for Yellowstone Club management alongside CrossHarbor Capital Partners; Discovery brings private club development expertise.
• Big Sky Community Housing Trust (BSCHT)coreStrategic or Co-development PartnerFrequent collaboration on community housing developments; LMLC CFO and Yellowstone Club VP serve on BSCHT Board of Directors; partnered on 97-unit RiverView workforce housing development.
• Big Sky Area Resort TaxminorStrategic or Co-development PartnerCurrent partner with LMLC and BSCHT on 97-unit RiverView workforce housing development through funding contributions.
• Montage ResortscoreImplementation/ SI/ Consulting PartnerManaging partner for guest and homeowner experiences at Montage Big Sky; operates 139-room luxury resort developed by LMLC.
• Marriott InternationalcoreImplementation/ SI/ Consulting PartnerOperates The Wilson Hotel through Residence Inn brand; provides hospitality management expertise for LMLC's 129-room Town Center hotel.
• Columbia HospitalityminorImplementation/ SI/ Consulting PartnerSeattle-based hospitality solutions provider and management company operating Hotel Free West in Town Center.
• Apres CruminorChannel Partner/ Reseller/ DistributorHospitality group partnered to reopen Buck's Roadhouse and manage Block 3 and Tips Up dining outlets.
• Kerzner International (One&Only)coreOEM/ Whitelabel/ Licensing PartnerFirst U.S. resort development partnership for One&Only brand at Moonlight Basin; 92-key property opened late 2025 with LMLC overseeing all development aspects.
• Bozeman Yellowstone International AirportminorStrategic or Co-development PartnerPartnership for private hangar and FBO space development; approximately 350,000 SF of hangar space developed at airport.

Scale indicators12 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Auberge Resorts Collection: Luxury boutique hotel and resort operator/owner (Auberge du Soleil, The Lodge at Blue Sky, Mauna Lani). Overlapping high-end hospitality asset management expertise relevant to LMLC's Montage Big Sky, Wilson Hotel, One&Only, and Buck's Roadhouse operations.
• Kerzner International (One&Only): Owner of One&Only luxury resort brand; partner with LMLC on One&Only Moonlight Basin (the brand's first U.S. resort). Comparable ultra-luxury operator and brand development partner for resort real estate.
• Montage Hotels & Resorts: Operator of Montage Big Sky and a network of luxury mountain and beach resorts with branded residences. Direct operational interface with LMLC and overlap in luxury mountain resort plus residential real estate strategy.
• Marriott International: Manages The Wilson Hotel via Residence Inn and is a global hospitality incumbent with mountain/luxury segments (Ritz-Carlton, St. Regis). Overlaps with LMLC's hospitality operating model at scale.

Emerging players

• Inspirato: Subscription-based luxury vacation club with a portfolio of high-end residences and resort properties. Adjacent membership-driven luxury vacation model targeting a similar affluent customer base.

Direct peers

• Talisker Club: Private mountain club community in Park City, Utah, offering ski, golf, and luxury residential members. Direct competitor for HNW mountain-community buyers and similar development intensity.
• Discovery Land Company: Co-manages Yellowstone Club alongside LMLC and is the leading developer of membership-only luxury private club communities in North America (e.g., Madison Club, Ford Field & River Club, Mirabel). Directly comparable business model, customer base, and asset category.
• Red Ledges: Private four-season golf and tennis community in Heber City, Utah, with luxury residences and club amenities. Comparable master-planned club community model targeting affluent second-home buyers.
• Promontory Club: Membership-based ski and golf private club in Park City, Utah, with master-planned luxury real estate. Closely comparable to Spanish Peaks Mountain Club and Yellowstone Club in product, club real estate model, and HNW target customer.

Others

• CrossHarbor Capital Partners: Parent company of LMLC with $7B under management and a track record across 350+ real estate and resort transactions. Included for capital-backstop, transaction-pipeline, and ownership-strategy perspective.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/lone-mountain-land-company
• Instagraminstagram.com/lonemountainland

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lone Mountain Land Company