Florida-based Celebrity Resorts has purchased David Walley's Hot Springs Resort & Spa.
"This is a great opportunity for us to expand our presence in the western United States," said Jared Meyers, president and chief executive officer of Celebrity Resorts.
Founded in 1979, Celebrity Resorts has 20 resorts in six states, conducts business in more than 30 states, and provides vacation services for more than 80,000 families on an annual basis.
David Walley's was originally built in 1862 by David and Harriet Walley, who saw opportunity in the curative powers of the hot water.
Over the years, the resort saw many famous guests, including Mark Twain, presidents Ulysses S. Grant and Teddy Roosevelt, Clark Gable and Carol Lombard.
In 1998, Illinois-based Quintus Resorts purchased Walley's and undertook major expansions, including a restaurant and timeshare condos.
"It adds a unique vacation experience to our network with its natural hot springs and rich history," Meyers said of the acquisition.
"The property is located in a great destination known for skiing and many all-season activities. We are strategically adding resort destinations that appeal to our guests, and David Walley's is the perfect fit."
Celebrity Resorts also recently purchased the management responsibilities of Quintus' Hanalei Bay Resort in Hawaii.