Kygo's Palm Tree Crew Acquires Colorado Golf Course

The lifestyle company co-founded by Kygo and his longtime manager Myles Shear has partnered with restaurant group Major Food Group and investment firm 8K Capital to acquire River Valley Ranch, a 187-acre championship course in Carbondale, Colorado, roughly 30 miles down-valley from Aspen.

The Property

Designed by Colorado Golf Hall of Famer Jay Morrish, the par-72 course is flanked by the Crystal River across four holes and sits beneath the 12,965-foot Mount Sopris. Golfweek has named it one of the state's top-10 public access courses.

The course has changed hands multiple times in recent years. Its owner warned homeowners in 2018 that the course would close unless residents subsidized operations or allowed housing on the land, and sold it that November for a recorded $3.5 million after Carbondale declined to rezone. The course was most recently listed at $24.5 million, two-thirds of it attributed to development land rather than the golf operation. Terms of the new sale have not been disclosed.

Expanding the Palm Tree Crew Portfolio

The acquisition serves as the foundation for "a new kind of golf experience" that brings together "Palm Tree Crew's cultural programming and lifestyle platform with Major Food Group's signature hospitality and culinary expertise," according to a media alert.

The purchase extends the vertical integration strategy that earned Shear the distinction of 2025's top music entrepreneur in EDM.com's list of the year's most influential industry leaders. Palm Tree Crew has expanded beyond its festival, label and lifestyle units into physical venues, opening Palm Tree Clubs on the Las Vegas Strip and in Kansas City, and acquiring a stake in Palm Beach hospitality concept Mary Lou's. Its Palm Tree Beach Club location at MGM Grand, a 60,000-square-foot space operated with Tao Group Hospitality, hosts Kygo's Las Vegas residency and returned for its second season in 2026.