
One&Only Moonlight Basin: Big Sky’s New Mountain Resort
Ninety minutes from Bozeman, past the last stretch of highway before the mountains take over, One&Only has opened its first hotel, and first mountain property, in the United States.
240 acres. Big Sky, Montana. Wrapped by more than 17,000 acres of protected land, with Yellowstone close enough that a wildlife morning is a real option and not some stretch of an itinerary. Architect Tom Kundig went low and heavy on the build: timber, stone, a place that looks like it grew out of the ridge rather than got dropped on top of it. The view wins every time.
A Beach Brand Bets on Mountains
One&Only made its name on water. Maldives, Dubai, Mexico. Sand and heat and a pool you don’t want to climb out of. Montana is about as far from that formula as a brand can get, so putting its first US property here says something about where One&Only thinks its guests actually want to be next.
A heated gondola drops guests straight into Big Sky Resort’s ski terrain in minutes. Flip the season and that same stretch of land turns into fly-fishing water and hiking trails aimed right at Yellowstone. Very few resorts in North America run both halves of the year this well from a single address.
Aspen sells winter. Jackson Hole sells winter with summer tacked on as an afterthought. Moonlight Basin was built to take both seasons seriously, and that’s the detail that changes how a Travel Designer plans around it. A ski week here doesn’t compete with an August trip for the same booking. Same address, but two entirely different trips.oll to a mountain valley. Everything you need sits inside the property line.

Three Lodges, One Address
Rooms are split across a Main Lodge, an East Lodge, and a West Lodge. Freestanding cabins sit apart from all three, each with its own soaking tub. Some rooms lean formal. Others feel more like a well-kept hunting camp than a five-star suite, on purpose. Go further out and you hit the cabins, quiet enough at night that wind through the pines is the loudest thing around. Traveling as a group? Four- to six-bedroom Private Homes bring fire pits, hot tubs, full kitchens, the works. One family, one house, seven nights, and somehow every day looks different: grandparents on the terrace in the morning, kids on the gondola by ten, everyone back at the same table by seven that night.
Dining splits three ways. The Landing carries the main lodge. Wildwood goes ranch-to-table, built on what actually grows in Montana instead of what sounds good on a menu. And then there’s Akira Back, doing his Japanese cooking about as far from Miami or LA as the concept has ever traveled. Executive Chef Matt Dahlkemper runs all three kitchens, which keeps a ranch dinner one night and a sushi counter the next from feeling like two different hotels.
Worth knowing: the property also holds two private alpine lakes, called Lee’s Pools locally, set aside for paddleboarding and slow mornings on flat water. Add mountain biking trails cutting through the protected acreage, and a full day here never has to touch the road into town. It’s the same trick One&Only has always run, just moved from an atoll to a mountain valley. Everything you need sits inside the property line.

Yellowstone Out One Door, the Gallatin Out the Other
This is where Aspen and Jackson Hole fall short. A 17,000-acre buffer of protected land means a morning tracking wildlife toward Yellowstone’s edge with a naturalist counts as an on-property outing, not a drive to some trailhead an hour off.
The Gallatin River sits close enough for a private fishing morning before lunch back at the lodge. That kind of day used to mean three separate bookings: a ski hotel, a fishing lodge, a wildlife outfitter, each in a different town. Here it’s one stay, one address, done.
Then there’s the gondola, solving a problem Big Sky has had for decades. Skiers either stayed in town or committed to a ski-in, ski-out property that felt nothing like wilderness. Moonlight Basin sits well apart from the base area and still gets guests to the lift in minutes. The resort itself stays quiet, even in the thick of ski season, because the crowds are somewhere else entirely.
Even the arrival works in its favor. Bozeman’s airport gets surprisingly busy come winter, with direct flights running in from most major US cities, and the drive south from there lands considerably shorter than what most Jackson Hole trips demand. More of the trip goes to the property, less of it burns on the transfer.

Why This Summer Matters
Moonlight Basin just opened. Book now and the resort you get is the one before it becomes Big Sky’s automatic answer, back when staff still remember names and the crowds haven’t found their rhythm. That window shuts fast once a name like One&Only claims its first American address. Whoever goes this year gets to say they went first.
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The most sought-after overwater villa categories at these resorts tend to book up months in advance, especially during peak winter travel.
Rate Travel Club can handle your transfers, secure the villa category that fits your trip, and build the rest of the itinerary around it.

