Castle Peak Holdings
Castle Peak Holdings is a private real estate investment firm building niche outdoor hospitality platforms with institutional capital. Its Trailborn platform operates 6-8 hotels and resorts in iconic outdoor destinations, serving institutional investors and outdoor-oriented leisure travelers via Marriott Bonvoy's 240+ million members.
- Company typePrivate
- Founded2021
- HeadquartersNew York, United States
- Headcount—
- GTM typeB2B
- OfferingServices
What Castle Peak Holdings does
Castle Peak Holdings is a private real estate investment firm founded in 2021 by Ben Weinberg and Mike Weiss that creates and scales niche real estate platforms targeting asset classes with structural supply-demand imbalances, multidecade secular tailwinds, and non-institutional owner-operators. The firm deploys capital through opportunistic real estate vehicles, with $370 million in total equity committed across two funds — $55 million for Fund I in 2021 and $315 million for Fund II closed in June 2025. Strategic capital partners include Stone Point Capital and Koch Investment Companies.
The firm's first platform, Trailborn, is an affiliated hospitality brand and property management company launched in 2021 to acquire, renovate, and operate hotels and resorts in iconic outdoor destinations — national park gateway towns, beach towns, ski resorts, and wine country. Trailborn currently owns and operates 6-8 properties with more than 500 rooms and 5 restaurants across North Carolina, Arizona, California, and Wyoming. The platform leverages a proprietary in-house sourcing database of 250+ outdoor destination markets and 3,000+ hotels/resorts, an in-house development and construction team that has completed over $100 million in renovations, and a strategic partnership with Marriott International announced December 2024 that anchors Trailborn as Marriott's first outdoor-focused soft brand with access to 240+ million Marriott Bonvoy members.
Castle Peak earns revenue through investment management fees and potential carried interest on its funds, asset management fees on its hospitality portfolio, and Trailborn hotel operating revenue (rooms, food & beverage, meetings, and ancillary services). The firm serves two primary customer segments: institutional capital partners (family offices, endowments, and specialized real estate investors) seeking opportunistic returns in niche hospitality real estate, and outdoor-oriented leisure travelers booking stays at Trailborn-branded properties via direct booking or Marriott Bonvoy distribution channels.
Castle Peak Holdings firmographics
Firmographics- Name
- Castle Peak Holdings
- Legal name
- Castle Peak Holdings
- Website
- https://castlepeakholdings.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Short description
- Castle Peak Holdings is a private real estate investment firm building niche outdoor hospitality platforms with institutional capital. Its Trailborn platform operates 6-8 hotels and resorts in iconic outdoor destinations, serving institutional investors and outdoor-oriented leisure travelers via Marriott Bonvoy's 240+ million members.
- Ownership category
- akta.pro rank
Castle Peak Holdings industry classification
Industry- Product category
- Outdoor Hospitality Real Estate Investment
- NAICS
- Portfolio Management and Investment Advice (523940), Funds, Trusts, and Other Financial Vehicles (525), Other Financial Vehicles (52599)
- SIC
- Hotels & Motels (7011), Hotels, Rooming Houses, Camps & Other Lodging Places (7000), Real Estate Dealers (For Their Own Account) (6532), Investors, Nec (6799)
- akta.pro primary industry
- Hospitality (Hotels & Resorts) Asset Management (BPAJAMAE)
Keywords
Where Castle Peak Holdings is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Castle Peak Holdings business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Marketing or Sales, Infrastructure
Revenue model
- Investment Management & Performance Fees: Castle Peak operates opportunistic real estate funds, raising capital from institutional investors and earning management fees and carried interest/performance fees based on investment returns.
- Hotel Operations Revenue: Trailborn generates room revenue, food & beverage revenue, and other hospitality services from its owned and operated hotels and resorts across 6-8 properties.
- Asset Management: Ongoing asset management of hospitality properties including strategic operations oversight, capital projects, and performance optimization.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
Castle Peak Holdings product offering
Product offeringCore offering
Castle Peak Holdings is a private real estate investment firm that raises and deploys opportunistic capital into outdoor hospitality assets. Through its affiliated operating company Trailborn, it owns and operates hotels and resorts in iconic outdoor destinations (national park gateway towns, beach towns, ski resorts, wine country), delivering renovated, branded hospitality experiences through a vertical platform spanning acquisitions, renovations, and operations. The firm has raised $370 million across two funds and operates 6-8 hotels and resorts in partnership with Marriott International's Bonvoy loyalty platform.
Product overview
Castle Peak Holdings operates as a real estate investment firm with two integrated components: Castle Peak (the investment and development company) and Trailborn (the affiliate hospitality brand and operating company). The firm creates and scales niche real estate platforms, starting with Trailborn launched in 2021 as an outdoor adventure hospitality brand. The platform spans five destination types: National Park Gateway Towns (Trailborn Grand Canyon, Trailborn Jackson Hole), Beach Towns (Trailborn Surf & Sound), Mountain/Lake Towns (Trailborn Highlands), and Wine Country (Trailborn Mendocino). Castle Peak manages in-house sourcing and origins, development and construction ($100M+ in renovations completed), while Trailborn handles hotel operations, F&B, revenue management, sales, marketing, and brand management. The firm has raised $370M in equity and closed its second fund at $315M.
Differentiator
Problem solved
Functional benefit
Brands
- Trailborn: Outdoor adventure resort platform and hospitality brand focused on hotels and resorts in iconic outdoor destinations: national park gateway towns, beach towns, ski resorts, and wine country. Trailborn operates as an affiliate brand and operating company of Castle Peak Holdings.
- Trailborn Highlands
- Trailborn Grand Canyon
- Trailborn Surf & Sound
- Trailborn Mendocino
- Trailborn Jackson Hole
Products and services
- Trailborn Hospitality Platform Outdoor adventure hospitality brand and operating platform operating hotels and resorts in iconic outdoor destinations: national park gateway towns, beach towns, ski resorts, and wine country. Available to consumers through direct Trailborn booking and Marriott Bonvoy's 240+ million members.
- Castle Peak Fund II (Second Opportunistic Real Estate Vehicle) Second opportunistic real estate investment vehicle of $315 million focused on acquiring, renovating, and repositioning resort properties in iconic outdoor destinations. Plan to acquire 5-10 assets over 24-36 months.
- Trailborn Highlands Boutique hotel located in Highlands, North Carolina in the Blue Ridge Mountains. Features an outdoor Nordic spa with sauna and cold plunge, curated activities and excursions, restaurant, bar, and back patio with firepit. Awarded Gold Key Award for Emerging Hotel Concept.
- Trailborn Grand Canyon Hotel located in Williams, Arizona, the primary gateway town to Grand Canyon National Park. Features upgraded guestrooms, restaurant, bar, camp hall, meeting space, firepit, lawn games, hot tub, and seasonal pool.
- Trailborn Surf & Sound Beachfront hotel in Wrightsville Beach, North Carolina featuring upgraded guestrooms, bathrooms, public spaces, pool bar, restaurant, beachfront lounging, excursions, fitness center, beachside pool and hot tub. Previously known as Blockade Runner Beach Resort.
- Trailborn Mendocino Two-property campus in Mendocino, California comprising The Mendocino Hotel and Hill House. Located on rugged coastal cliffs with access to redwood forests and Anderson Valley wineries. Undergoing comprehensive renovation.
- Trailborn Jackson Hole Full-service resort in Jackson Hole, Wyoming at Snow King Resort (acquired April 2025). Features full service spa, swimming pool, adventure center, restaurants and bars. Located near Grand Teton and Yellowstone National Parks.
Quantifiable outcome
- $315 million raised in second fund within four months
- +3 more outcomes
Companies that use Castle Peak Holdings
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles2 records
Castle Peak Holdings technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Castle Peak Holdings partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered flagship.
- Marriott InternationalflagshipTrailborn entered into strategic partnership with Marriott International in December 2024, anchoring Marriott's first Outdoor-focused soft brand and category. Unlocks 240+ million Marriott Bonvoy members for Trailborn properties. Marriott also invested in/partnered with Postcard Cabins to expand outdoor lodging offerings.
- TrailbornflagshipTrailborn is Castle Peak's affiliated hospitality brand and property management company, founded in 2021 by the same co-founders. Trailborn operates 6-8 hotels and resorts in iconic outdoor destinations and serves as Platform #1 of the Castle Peak playbook.
Scale indicators6 records
Recent moves7 records
Expansion highlights6 records
Castle Peak Holdings competitors and assessment
Company assessmentDirect peers
- KSL Capital Partners: Travel- and leisure-focused private equity firm with deep hospitality operating expertise (KSL Resorts, Peregrine). Directly comparable to Castle Peak as a niche PE sponsor in outdoor/lifestyle hospitality, and a notable employer of several Castle Peak senior team members.
- AWH Partners: Private investment firm focused on lifestyle and independent hotels, with a vertically integrated operating platform. Highly comparable to Castle Peak in thesis—building a curated portfolio of branded boutique hotels—though more urban-resort than outdoor-destination oriented.
- Bunkhouse Group: Boutique hotel brand and operator (Bunkhouse hotels, Hotel Saint Augustine). Comparable to Trailborn as a design-driven boutique hospitality brand in non-urban destinations, though Bunkhouse lacks the dedicated real-estate PE parent and Marriott distribution that anchors Castle Peak.
Broad incumbents
- Pebblebrook Hotel Trust: Lodging-focused REIT owning lifestyle and resort hotels across major U.S. markets. Comparable to Castle Peak's Trailborn platform as a public-market owner of experiential/resort assets, though at far greater scale and with REIT rather than private-fund structure.
- Starwood Capital Group: Global investment firm with a large hospitality real-estate platform spanning hotels, resorts, and branded residences. Comparable as a large-scale, vertically integrated hospitality investor/operator, though broader in geography and brand than Castle Peak's outdoor niche.
- Brookfield Asset Management: Alternative asset manager with significant hospitality real-estate exposure. Comparable as a scaled fund sponsor and real-estate investor with operational platforms, though far larger and more diversified than Castle Peak's outdoor-focused strategy.
- Highgate: Hospitality investment and management company operating a large portfolio of hotels, resorts, and residential assets. Comparable to Trailborn as both an operator and investor in lifestyle/independent hotels, but at materially larger scale and broader brand portfolio.
- Hersha Hospitality Trust: Lodging REIT focused on boutique and lifestyle hotels in gateway markets. Comparable to Castle Peak as an institutional owner of branded boutique/lifestyle hotels, though publicly traded and concentrated in urban coastal markets rather than outdoor destinations.
- Ashford Hospitality Trust: Lodging REIT investing in full-service and lifestyle hotels. Comparable to Castle Peak as a hospitality-focused capital allocator with operating oversight, though larger and primarily urban/resort rather than outdoor-adventure destinations.
Emerging players
- LOGE Camps: Outdoor-focused hospitality brand targeting surf, ski, and mountain towns. Comparable to Trailborn's outdoor-adventure positioning and geographic thesis, but smaller-scale and without the Marriott soft-brand distribution layer.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Castle Peak Holdings social profiles
Digital presenceCastle Peak Holdings financial estimates
Financial estimateRevenue estimate
Valuation estimate
Castle Peak Holdings leadership team
Management profileNumber of profiles
Profiles7 records
Castle Peak Holdings subsidiaries and ownership
Company hierarchySubsidiaries2 records
Castle Peak Holdings funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Castle Peak Holdings M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Castle Peak Holdings
What does Castle Peak Holdings do?
Castle Peak Holdings is a private real estate investment firm that raises and deploys opportunistic capital into outdoor hospitality assets. Through its affiliated operating company Trailborn, it owns and operates hotels and resorts in iconic outdoor destinations (national park gateway towns, beach towns, ski resorts, wine country), delivering renovated, branded hospitality experiences through a vertical platform spanning acquisitions, renovations, and operations. The firm has raised $370 million across two funds and operates 6-8 hotels and resorts in partnership with Marriott International's Bonvoy loyalty platform.
Is Castle Peak Holdings a public or private company?
Castle Peak Holdings is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Castle Peak Holdings founded?
Castle Peak Holdings was founded in 2021.
Where is Castle Peak Holdings based?
Castle Peak Holdings is headquartered in New York, United States, in the North America region.
How does Castle Peak Holdings make money?
Three revenue lines are on record. Investment Management & Performance Fees are the primary driver. The others are hotel Operations Revenue and asset Management.
Who are Castle Peak Holdings's main competitors?
Direct peers on record are KSL Capital Partners, AWH Partners and Bunkhouse Group. Broad incumbents are Pebblebrook Hotel Trust, Starwood Capital Group, Brookfield Asset Management, Highgate, Hersha Hospitality Trust and Ashford Hospitality Trust. LOGE Camps is listed as an emerging player.
Does Castle Peak Holdings have an API?
No public API is recorded for Castle Peak Holdings.
What industry is Castle Peak Holdings in?
Castle Peak Holdings's product category is Outdoor Hospitality Real Estate Investment. Its primary akta.pro industry code is BPAJAMAE, Hospitality (Hotels & Resorts) Asset Management. Its NAICS code is 523940 and its SIC code is 7011.