The 50 Best Hotel Openings of 2025
Posted on December 17, 2025 · Stephanie Chen, Alissa Ponchione, and Caitlin St John
One&Only Moonlight Basin, Montana
Keys: 160
Design: AvroKO and Olson Kundig
Why we love it: One&Only’s first U.S. hotel has set a new standard for alpine luxury across 240 acres in Big Sky country. Its 73 traditional guestrooms and suites, 19 guest cabins, 62 private homes, and eight private lots are all framed by soaring peaks—a dramatic backdrop for sculptural architecture that celebrates the great outdoors.
Owner: Kerzner International and Lone Mountain Land Company | Operator: Kerzner International | Purchasing firm: Lone Mountain Land Company and Beyer Brown