Kygo is taking Palm Tree Crew beyond festivals with its latest hospitality investment: the acquisition of a championship golf course in Colorado’s Roaring Fork Valley.
The company, co-founded by Kygo and his longtime manager Myles Shear has partnered with Major Food Group and investment firm 8K Capital to acquire River Valley Ranch Golf Course in Carbondale. The 187-acre property is located roughly 30 miles from Aspen beneath Mount Sopris.
River Valley Ranch is already an established destination. Designed by Colorado Golf Hall of Fame member Jay Morrish, the public 18-hole course measures 7,328 yards and plays to a par of 72. It also received recognition as one of Colorado’s leading public-access golf courses.
The property was reportedly listed for $24.5 million before the acquisition. However, the final purchase price has not been publicly disclosed.
They are not planning to develop a new concept for the course. Rather, the group plans to build around what is already there. Early plans combine championship golf with restaurants operated by Major Food Group, Palm Tree Crew events and year-round social programming.
The acquisition fits into a broader expansion Palm Tree Crew has pursued over the past several years. Kygo and Shear originally developed the company around music, artist management and destination events. Palm Tree Music Festival later expanded into multiple locations including the Hamptons, Aspen, Napa Valley and Hawaii. This paired electronic music with travel and hospitality.
River Valley Ranch gives the company something different from a traditional festival or nightclub. It creates a permanent destination that operates year-round, while still supporting live music and their expanding brand.
The acquisition further strengthens the company’s presence near Aspen, where Palm Tree Crew has previously hosted events. It will help to continue developing a connection with the region’s travel and hospitality market. As golf becomes increasingly connected to music, fashion and lifestyle branding, this move marks an exciting new future for Kygo and his business endeavours.
For now, River Valley Ranch is expected to remain publicly accessible, and the new owners have not revealed the full scope of their development plans. Still, the acquisition shows how Palm Tree Crew continues to evolve beyond its roots as a music and festival company. Its growing portfolio now places music within a broader mix of travel, dining, recreation and year-round hospitality.
