Founded in 1896 by William F. "Buffalo Bill" Cody and members of the Shoshone Land and Irrigation Company, Cody lies 53 miles east of Yellowstone National Park. Situated in a geographical area known as the Big Horn Basin, the town is surrounded by part of the front range of the Absaroka Mountains. The Chicago, Burlington, and Quincy Railroad's arrival in 1901 coincided with Cody's incorporation as a town. The Irma Hotel, named for Buffalo Bill's youngest daughter, opened in 1902 and provided visitors with a modern, luxurious place to stay. In 1909, Cody became the county seat of the newly formed Park County. Cody and the surrounding areas are known for their superb scenery, excellent hunting and fishing, gas and mineral reserves, and vast ranching lands.