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–is developing an incredible new hotel-residence property in Deer Valley®, Utah.
We are not affiliated with Montage Hotels & Resorts. We are simply providing information about the property to readers as it becomes available.
The hotel site, located adjacent to the Empire Canyon Lodge in Empire Pass, Deer Valley® is bustling with activity.
It’s an impressive spectacle, in defiance of the pervasive economic “doom and gloom.”
The efficient progress of the hotel speaks to the developer’s long-term commitment to their plan.
By the way, they’re not financing the construction with pre-sales of Montage residences.
Talk about a show of strength!
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!
Why Luxury Travelers Love Montage Resorts:
Montage properties are known for their breath-taking natural locations, impressive design, unique ambiance, and the highest quality services and amenities.
The Deer Valley® hotel is the third property in Montage’s collection of distinguished luxury hotels, resorts and residences. The Montage Beverly Hills opened in November 2008.
In a couple of years, the Stein Eriksen Lodge may face some stiff competition for luxury travelers headed to Deer Valley® Resort…
Montage Laguna Beach Awards & Accolades
It’s almost obscene how many awards Montage’s flagship Laguna Beach property has won.
The hotel, Spa Montage, Studio restaurant, The Loft wine bar, Mosaic Bar & Grill, and Meeting space are regularly recognized by the press for their excellence.
Looking at the Awards page on Montage’s website, you come to the conclusion that Montage may be the Michael Phelps of the hotel world.
Simply put, Montage dominates every hospitality event they enter…
Montage Resort Deer Valley Utah
The developers are tight-lipped about the specifics of the new hotel under construction in Deer Valley, but here are a few elements we think may be included:
- Luxurious Guest rooms and suites
- Multiple Restaurants/Dining Options
- Bar & 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
Deer Valley Montage Hotel Construction Timeline:
Excavation and construction of the Montage site began in Summer of 2007. The hotel will be an extraordinary property, and it is being constructed in a challenging high-elevation environment.
The current estimates we hear regarding a suggested completion date for the hotel is the 2010/2011 winter ski season.
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 area will compliment the majestic beauty of the spectacular Upper Deer Valley® location.
Montage Laguna Beach Earns “World Saver Award”
In the September 2008 Conde Nast Traveler publication, judges awarded Montage with a coveted 2008 World Saver Award.
Conde Nast Traveler singled out 38 of the world’s most socially responsible hotels, airlines, cruise lines, and tour operators.
Montage Laguna Beach gives back to their community big time.
Here’s why they were recognized…
Montage’s efforts include creative employee outreach programs, generous grants for marine and language education in the local school district, and grants for art programs at the Boys & Girls Club.
We hope they expand their legacy of being model corporate citizens by offering their support to programs in need in Park City & Deer Valley, Utah.
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 probably include a number of whole-ownership luxury residences. Unit sizes and prices have not yet been released.
It is not known when the residences will go to market.
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 separately from the main suite.
These Hotel Suite Condominiums could be “turnkey” units that will have similar features and appointments as the hotel residence 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-furnished 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.
Want Updates?*
If you would like to receive new information about the hotel as it becomes available to us, please complete the form below.
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.
* Important Note:
Park City Real Estate Guide is neither the listing broker for the project, nor are we affiliated with the developer or construction of the Montage. We are providing you with this preliminary information as a courtesy only. All information in this post is speculative, and is subject to change.
Related Articles:
Montage Deer Valley First Tracks Incentives
Deer Valley Montage Residences
St. Regis Deer Valley Signature Restaurant
St. Regis Resort & Residences Deer Valley: Overview & Amenities
Park City and Deer Valley’s Best Cash Flow Condos are… (Part I)
The Halo Effect of Branded Hotels in Park City & Deer Valley
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
Have You Experienced a Montage Resort?
Have you ever visited the Montage Laguna Beach, or Montage Beverly Hills? Looks like they’re favorites on Tripadvisor! What will it mean to Deer Valley to have a Montage Resort?
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