Boston-based hospitality investment company Blue Flag Capital has announced a significant expansion of its portfolio, doubling its footprint with the addition of four new properties all set to debut in summer 2026.
The new openings include Faraway Jackson Hole, Faraway Sag Harbor, Hotel Corduroy in Montauk, and Oyster Estate in Greenport. Through partnerships with interior design firms including Ward + Gray, Jenny Bukovec Studio, ISLYN Studio and architects Workshop/APD, each property is intentionally crafted to honour its local character and culture.
2026 also marks Faraway’s expansion to the American West and a deepened commitment to Jackson Hole. Following Blue Flag’s 2023 acquisition of Snake River Lodge & Spa and the neighbouring Alpenhof Lodge, Blue Flag has been actively operating and repositioning the hotels as part of its long-term vision for the destination.
In summer 2026, the former Snake River Lodge & Spa will be transformed into the new Faraway Jackson Hole, while Alpenhof Lodge will temporarily close in April 2026, re-opening in 2028 to introduce a new chapter that harkens back to its early upscale roots.
Faraway Jackson Hole debuts as Blue Flag’s first non-coastal property, bringing a contemporary mountain aesthetic to one of the country’s premier year-round destinations. Located in Teton Village and opening with 90 rooms and suites as well as 48 residences, the hotel features warm, natural interiors and expansive alpine views.
Sure Hand, the onsite restaurant, sits adjacent to a lobby lounge with a wood-burning masonry fireplace, and key amenities include a year-round indoor/outdoor pool, hot tub, sauna and direct ski access.
Alongside Jackson Hole, Faraway is deepening its presence along the East Coast with the transformation of the historic Baron’s Cove into Faraway Sag Harbor. The 67-room property is being reimagined as an elegant compound designed to feel collected over time.
Arriving on the Hamptons waterfront, the boutique hotel is rooted in maritime history and whaling heritage, featuring layered coastal interiors. The property offers residential-style guestrooms, a pool and terrace, and intimate communal spaces that embody Sag Harbor’s harbourfront lifestyle.
Blue Flag’s growing collection also includes the new high-design beachside retreat, Hotel Corduroy in Montauk, a boutique hotel that delivers a refined interpretation of Montauk’s surf heritage. The property offers 29 contemporary styled guestrooms with custom design accents across three buildings, a private beach and an expansive central lawn space for leisure.
Finally, Blue Flag introduces Oyster Estate, a boutique hotel drawing inspiration from the nautical history of its setting in downtown Greenport, NY. The reimagined 34-room boutique hotel brings a bold, design-forward identity to the North Fork, inspired by both the historic harbour and the surrounding farms and vineyards.
At its centre is a newly built courtyard pool and patio that serves as the focal point and social hub of the property, complemented by Fortune Favors, a vibrant onsite cocktail bar and dining destination. Additional amenities include a gym and dedicated meeting space.
The brand’s current established operating properties include Faraway Martha’s Vineyard, Faraway Nantucket, along with Beachside Hotel, Blue Iris, Brass Lantern, and Life House Nantucket.
“We’re incredibly excited to bring Faraway west to Jackson Hole, it’s one of the most iconic, year-round leisure destinations in the country,” comments Blue Flag Capital Co-Founder and CDO, Brad Guidi. “Similarly, expanding across Long Island felt like a natural progression from Nantucket and Martha’s Vineyard. These are legacy markets with enduring demand, and we believe there’s room for design-forward hotels that feel deeply connected to their surroundings.”
Jason Brown, Blue Flag Capital co-founder and CEO, concludes: “Hospitality is at its best when it connects deeply with guests and the communities around it. For us, honouring historic properties goes far beyond preserving beautiful buildings, it’s about honouring the people, traditions and hospitality that make these places so meaningful.
“As our portfolio continues to grow, our mission remains the same: to steward these properties thoughtfully and help restore the soul of these remarkable destinations for both travellers and the communities that surround them.”
