Peter Kight paid $28 million to purchase this Colorado ranch from former Days Inn Hotels CEO Richard C. Kessler. Photo: Tom ReidTech entrepreneur Peter Kight has paid $28 million for the roughly 15,000-acre Kessler Canyon ranch in Colorado, according to the seller, former Days Inn Hotels CEO Richard C. Kessler. The Garfield County ranch first went on the market in 2014 for $35 million with Michael S. Hall and Brian Smith of Hall and Hall, then saw its price drop to $32.5 million. Located in a private valley about two hours from Aspen, the ranch has frontage on Brush Creek. Mr. Kight purchased the ranch through the limited liability company Branded Rock Canyon.

Source: Wall Street Journal January 27, 2017 15:45 UTC