Archive for March, 2008
Park City Home Loan Limits Increase
March 16th, 2008 Categories: Real Estate, Statistics & Trends, Utah Facts and Fiction
Park City Home Buyers Rejoice…
The Economic Stimulus Act of 2008 Makes Borrowing Less Expensive! Because the Park City, Utah area qualifies as a “high-cost” area, it received the maximum allowable increase under the new stimulus plan.
The New “Conforming” Loan Limits Expire December 31st
Between April 1st and December 31st, 2008 FHA, Fannie Mae and Freddie Mac “Conforming” loan limits in Summit County will be raised to $729,750. In nearby Wasatch County, the “Conforming” limits were raised to $431,250.
This should open the door for Park City Home buyers to purchase or refinance their properties at “Conforming” loan rates, as opposed to paying “jumbo” loan rates. In recent weeks, jumbo loans have carried about a one point premium in rates over conforming loan products.
This is good news for buyers, as the “Mortgage Crisis” has made real estate financing more difficult and more expensive in recent months. Here are the new FHA Mortgage Limits for every county in the USA.
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Deer Valley Montage Hotel
March 5th, 2008 Categories: Deer Valley®, Hotels & Lodging
Ultra Luxury Hotel Under Construction in Deer Valley®, Utah
Montage–One of the world’s elite luxury hotel brands, just broke ground on an incredible new hotel-residence property in Deer Valley®, Utah.
The Deer Valley® hotel is the third property in Montage’s collection of distinguished luxury hotels, resorts and residences.
Montage properties are known for their breath-taking natural locations, impressive design, unique ambiance, and the highest quality services and amenities.
In a couple of years, the Stein Eriksen Lodge may face a little competition for luxury travelers headed to Deer Valley® Resort…
Montage Resort at Deer Valley®
The photo above illustrates the construction progress of the hotel as of March 23, 2008. The setting is spectacular, with the Daly Chutes, Empire Bowl and Lady Morgan Bowl as a scenic backdrop!
The developers are tight-lipped about the specifics of the hotel, but here are a few elements that may be included:
- Guest rooms and suites
- Restaurants
- Lobby lounge
- A Retail Shopping Experience
- Meeting space for Groups and Special Events
- Terraces and Outdoor Lawn Areas for Group Functions
- A World-Class Resort Spa
- Outdoor Swimming Pool with Bar & Grill
- Ski rental, ski concierge and Skier Services
- Privately Owned Resort Residences
- Discrete Underground Parking
- Environmentally Sensitive “Green Building Philosophy”
Deer Valley Montage Hotel Construction Timeline:
Excavation and construction of the Montage site began in Summer of 2007 and completion is anticipated to occur in the summer of 2010. If construction proceeds as planned, the hotel may be open for a winter 2010-2011 opening.
Deer Valley Montage Resort Design Philosophy
The design theme for the Montage is reminiscent of the great mountain lodges of North America. The Rocky Mountain Arts & Crafts style that is prevalent in the Empire Pass master planned area will compliment the majestic beauty of the spectacular Upper Deer Valley® location.
The Montage Deer Valley Takes “Green Building” Seriously
The hotel will be designed, constructed and operated in accordance with environmentally responsible “green” features that will minimize the resort’s environmental footprint.
Ownership at The Montage Resort at Deer Valley: Condos & Residences
The Montage Resort at Deer Valley® will include a number of whole-ownership luxury residences. Unit sizes and prices have not yet been released.
It is anticipated that Montage Residences will go to market midway through construction in late 2008. Two different product types are planned…
Montage Hotel Condominium Suites
Fully-furnished condominium suites may range from two to four bedrooms. Some of the larger units may be configured with lock-off bedrooms that may be rented seperately from the main suite.
These Hotel Suite Condominiums are “turnkey” units that will have similar features and appointments as the hotel suites in the Montage.
Penthouse Residence Units at Deer Valley Montage
The balance of the residences could be larger penthouse units generally configured as three, four, and five bedroom residences either fully-finished or ready to be custom furnished by the purchaser.
All of the Montage Residences will enjoy access to the Montage services and amenities, including the resort restaurants, spa, ski concierge, housekeeping, room service and maintenance support.
Ground-Floor Montage Insider’s Club
If you would like to be informed about Montage sales information the moment it becomes available, please complete the form below. We will keep you updated via whatever method of contact you prefer.
Privacy Policy: We will not share your contact information with anybody for any reason. Period.
Our clients value their confidentiality, so we respect your privacy.
Related Stories:
Park City and Deer Valley’s Best Cash Flow Condos are…
The Best Cash-Flow Condos in Deer Valley (Part II)
Deer Valley Is Not the Only Smart Money Bet in Town (Part III)
St. Regis Resort and Residences, Deer Crest
Dakota Mountain Lodge and Waldorf=Astoria Announcement
Ever Stayed at The Montage? What Was Your Experience?
Have you ever visited the Montage Resort in Laguna Beach, California? We would love to hear your feedback about your stay…So please tell us, How excited should we be about Montage coming to Deer Valley?
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