Archive for June, 2008
Talisker Buys The Canyons® Resort
June 30th, 2008 Categories: Real Estate, The Canyons®
The Canyons Talisker Deal Has Closed!
In one of the biggest deals in the history of Park City Real Estate, luxury developer Talisker closed on the purchase of The Canyons Resort today.
In a press release to members of the exclusive Talisker Club in Park City, Utah today, Talisker announced that it had successfully closed on the purchase.
Talisker Is Key Player in Park City & Deer Valley Real Estate Development
With today’s announcement, Talisker has solidified their role as the leading developer of luxury resort real estate in the Park City and Deer Valley, Utah area.
Before The Canyons acquisition, Talisker already owned over 10,000 acres of land in and around Park City.
It’s clearly a big bet Talisker is placing on the Park City area, and they’re sharing their success with other top-tier luxury resort developers like East West Partners, Ironwood Development, and Montage Deer Valley in the spectacular Empire Pass neighborhood.
Will Talisker’s Big Bet Pay Off?
Last week, Talisker sold two Red Cloud lots for more than $4 million apiece. Not bad for a real estate market that’s commonly characterized by doom and gloom…
Talisker specializes in high-end luxury real estate developments in Park City and Deer Valley, including the successful Tuhaye and Empire Pass, Deer Valley neighborhoods.
Seems like The Canyons will become a destination luxury resort, following in the footsteps of Deer Valley. Talisker is not the first big-time developer to invest in the future of The Canyons. Earlier this winter, it was announced that the Waldorf Astoria Collection was joining forces with the Golden Door Spa at the new Dakota Mountain Lodge.
Talisker Overcame Legal Challenges to Prevail in The Canyons Purchase
Talisker had been pursuing the purchase of The Canyons since 2007, and overcame legal challenges from Vail Resorts and other interested parties throughout the transaction.
The Canyons Resort Sold For $123 million
According to a Form 8-K filed with the United States Securities and Exchange Commission today, the total proceeds received by American Skiing Company were just over $123 Million. Proceeds were received in the form of $52.1 million in cash and $71 million in senior secured notes.
Talisker Sees a Bright Future for The Canyons Resort
“We, along with our team in Park City, and the Canyons employees, look forward to unlocking the wonderful potential inside the Canyons ski resort, and to continuing our growing involvement as members of the community,” Talisker Chairman Jack Bistricer said.
“We expect to bring our brand and standard of development to this wonderful resort over the coming years.”
What Changes Can We Expect At The Canyons?
From where we sit, this is incredibly exciting news! With over 3,700 acres, 155 runs, 17 lifts, 2 terrain parks and 6 natural half pipes, The Canyons has always been a favorite ski area for Park City locals.
Imagine what the resort could become with Talisker’s deep pockets and track record for superb resort planning and luxury amenities!
What’s Your Opinion?
We welcome your comments about what the sale of The Canyons to Talisker means to the community…Any comments?
Related Articles:
Deer Valley #1…Again
Waldorf Astoria Dakota Mountain Lodge Grand Opening at The Canyons Resort
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President Bush in Park City, Utah
June 2nd, 2008 Categories: Lifestyle & Activities, Park City, Utah Facts and Fiction
Good thing I dodged the road closure last week caused by the presidential motorcade! It was quite a scene along Kearns Blvd, where Marine One–the President’s Helicopter–landed near the Treasure Mountain Middle School in Park City Wednesday afternoon.
President Bush was Greeted by a Mixed Crowd in Park City, Utah
Crowds lined the presidential motorcade route. Many cheered and gave the President the “Thumbs-Up” as the motorcade passed, but others held signs and flipped the President “The Bird” for his unpopular policies.
The motorcade traveled to Stein Eriksen Lodge, where the presidential entourage occupied 60 hotel rooms for the night.
Former presidential hopeful and 2002 Winter Olympic chief Mitt Romney hosted an exclusive $35,000 per person fundraiser for the Republican Party at his exclusive Deer Valley home.
Park City, Utah is Poplar Fundraising Stop
The deep pockets of Park City and Deer Valley residents has made Park City a vital stop on the campaign trail…and not just for the republicans!
Democratic candidates also made stops in Park City to raise campaign funds.
Within the past few months, both Senator Barack Obama and former President Bill Clinton were in town raising money.
US Presidents Love Park City For Business and Pleasure
President Bush is the second Consecutive President to visit Park City, Utah while in office.
Former President Bill Clinton and his family visited Park City twice during his secong term for winter ski vacations.
Park City is a Magnet for High-Profile Visitors
Indeed, for a small town, Park City draws high-profile visitors. Tiger Woods was just here for a recent knee surgery, and basketball legend Michael Jordan recently purchased a home in the area.
A-list celebrities descend on Park City during the Sundance Film Festival every January.
Park City & Summit County Taxpayers Get Stuck with the Bill!
Police Chief Lloyd Evans said Thursday night the Police Department probably spent between $10,000 and $20,000 protecting the president on the overnight trip, as police officers logged overtime shifts for traffic control and motorcade security.
The Summit County Sheriff’s Office, also amassed about $30,000 in additional security expenses during the visit.
The federal government does not refund the Police Department for the costs, meaning local governments will pay the tab from its regular, taxpayer-funded budget.
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Tiger Woods in Park City, Utah
June 2nd, 2008 Categories: Golf, Utah Facts and Fiction
You Don’t Have To Be A Celebrity Athelete to Receive Top-Notch Medical Care in Park City, Utah
Following his second place finish at The Masters, Tiger Woods underwent successful arthroscopic surgery on his left knee.
The procedure was performed by Dr. Thomas D. Rosenberg at the Healthsouth Surgery Center in Park City, Utah in mid-April.
This marked the third time that Tiger has had surgery on his left knee…previous procedures were performed in 1994 and 2002.
“I made the decision to deal with the pain and schedule the surgery after the Masters,” said Woods. “The upside is that I have been through this process before and know how to handle it. I look forward to working through the rehabilitation process and getting back to action as quickly as I can.”
Tiger Has Visited Park City Many Times
By the way, you might also see Tiger and his family on Park City’s ski slopes during the winter!
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