In 1972 the section of Teton National Forest between Yellowstone and Grand Teton was transferred to the National Park Service as John D. Rockefeller Jr. Memorial Parkway, to be operated by Grand Teton. The Flagg Ranch became a Park Service concessioner with the transfer. The ranch has been operated by International Leisure Hosts, Ltd. since 1964. Though the location is now operated by Vail Resorts Management Company (Takeover date unknown). The original log lodge was destroyed by fire in 1981. A replacement structure was completed in 1995. The Flagg Ranch area was heavily burned during the Yellowstone fires of 1988 by the Huck Fire, started by a tree falling on a power line near the ranch, which eventually covered more than .