Hotels & Lodging
The Best Cash-Flow Condos in Deer Valley (Part II)
January 29th, 2010 Categories: Hotels & Lodging, Real Estate
Here’s the good news…
Stein Eriksen Lodge Isn’t Your Only Good Investment Condo Option
The Chateaux at Silver Lake is Also a Great Cash-Flow Generator
Right across the street from Stein Eriksen Lodge in Silver Lake Village is the Chateaux at Silver Lake, which has similar amenities but slightly less convenient ski access. But don’t let the easy walk across the street to skiing location put a damper on your enthusiasm for this top-notch property.
The Chateaux at Silver Lake is only about 10 years old, and these units can generate between $60,000-$150,000 in gross rental income annually, depending on size, views, location within the building, and amount of owner use.
I dined at The Chateaux’s Bistro Toujours restaurant with my wife and a long-time client last week during the Sundance Film Festival, and we had another great experience. Here’s why…
- No hectic Sundance Festival traffic
- Free, easy heated underground parking
- We called for reservations just the day before..no problem!
- The food was tasty and perfectly prepared
- We even sat next to an A-List Hollywood celeb! We’ll leave his identity private, but you’ll be comforted to learn he treated the staff with courtesy and gratitude.
There are actually two elements of the Chateaux…the main lodge and The Residences at The Chateaux, which are fractional ownership.
The Residences at The Chateaux do not allow you to capture rental revenue if you can’t use your allotted weeks, but it’s a great opportunity to buy a Deer Valley Condo at a fraction of the investment of a whole ownership Deer Valley condo.
Don’t Forget The Lodges at Deer Valley & Silver Baron Lodge
In Lower Deer Valley, The Lodges at Deer Valley & The Silver Baron Lodge seem to generate the most rental income, as they also have group meeting space, shuttle service, and amenities including fitness area and a swimming pool.
This 
property is always a favorite of readers of Conde Nast Traveler magazine.
This year, The Lodges at Deer Valley was ranked the 5th best ski Hotel in the USA by loyal readers of this luxury travel magazine.
Ski access isn’t as good as in Silver Lake Village (Stein Eriksen Lodge and The Chateaux), but the prices reflect this reality too.
Not to worry, it’s right on the free bus route, so you can just walk out in front of the hotel and catch the bus to Snow Park Lodge (the base area of Deer Valley Resort). Deer Valley busses have racks for your skis on the back of the bus, by the way!
Montage Resort and St. Regis, Deer Valley Might Grab Market Share in Coming Years
The St. Regis Resort and Residences, Deer Crest may very well join the three properties we have discussed so far as the finest investment properties in the Park City and Deer Valley area. The St. Regis opened just in time for the 2009/2010 ski season.
A top international brand, the St. Regis has a loyal following of high net worth guests who will pay astronomical nightly rental rates for the quality and service the St. Regis brand delivers at each of their worldwide network of properties.
Pre-sales of condos at St. Regis were excellent (about 56 of the 80 units sold so far), and construction is nearly complete. Here are the available St. Regis Condos listed for sale right now.
If you can’t find your preferred location or floor-plan on this list, please email us at stregis@parkcityrealestateguide.com and we’ll get you a copy of the developer’s “Secret Stash” of unreleased units and corresponding prices.
The Montage Resort at Deer Valley is under construction next to the Empire Lodge in Empire Pass, Deer Valley. Montage will be a combination of hotel condos and penthouse residences.
Join our “Montage Insiders Club” if you’re interested in getting in on the ground floor of what will no doube be one of the finest ski properties in the world.
For the rest of the “Best Cash-Flow Condos in Park City” story, read…
Park City and Deer Valley’s Best Cash Flow Condos are… (Part I)
Deer Valley Is Not the Only Smart Money Bet in Town (Part III)
Deer Valley Montage “First Tracks” Incentives
Dakota Mountain Lodge and Waldorf=Astoria Announcement
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Montage Deer Valley Condos and Residences For Sale Soon!
January 26th, 2010 Categories: Deer Valley®, Hotels & Lodging, Park City, Real Estate
Montage Deer Valley is poised to offer their first residences for sale in February, 2010.
Now that the Silver Strike Deer Valley condo auction has run it’s course…
Deer Valley real estate watchers can shift their attention from the least expensive properties available in Empire Pass to what could be the most-desirable (location, amenities, views, quality) new condos ever released in Deer Valley.
This is the first of a series of articles we will share about the Montage over the next few weeks as we count down the days until the first units are available. Feel free to hang around and get the details a few at a time, or contact us immediately if you know you are interested and we’ll throw you on the fast track!
We took a hard hat tour of the property with members of the development team a couple of weeks ago, and the Montage is now beginning to trickle some preliminary information about Montage Residences.
Montage Deer Valley Construction Progress
While they have been very quiet on the marketing front…
The Montage construction site is bustling with activity like an ant hill. Did you know there have been 800-1,000+ workers on site every day racing to meet the deadline for the opening of the 2010/11 ski season?
The developer will retain 174 luxury guest rooms and suites on the lower 7 floors floors of the hotel.
The upper six floors of the Montage Deer Valley will be home to 81 private Montage residences.
Montage Residences
The Deer Valley Montage is an architectural masterpiece. Not just because of its impressive size–but also because of its complexity. There are more than 50 different floor-plans among the 81 residences!!!
Owners of Montage Residences will delight in owning something truly unique…not just a cookie cutter replica of the unit above and below yours.
Deer Valley Montage Floor Plans
Montage Deer Valley Location
Montage Deer Valley Location
It sounds like a chore to sort through all 50+ floor plans, but it’s easier than it sounds.
We guarantee your enthusiasm for the property will grow as you begin to appreciate the incredible amount of thought and detail that has gone into the planning and design of the Montage Deer Valley.
Our recent tour gave us a good feel for the assorted locations within the building. Once you begin the exercise, it’s just not that hard to narrow your choices.
Residences in the Deer Valley Montage will be offered in phases, and the developer will offer a representative cross section of units with different views, floor-plans, and sizes in each release.
Important Deer Valley Montage considerations:
- Furnished or unfurnished?
- How many bedrooms?
- Want to rent your Montage residence or not?
- Views up the ski mountain or down-valley views?
- Thru-views?
- Amenity acces within the building (close to owners lounge, restaurants, etc…)
- Morning or afternoon sun?
Montage “First Tracks” program to be announced soon!
If you would like details about the Montage “First Tracks” program, including specific units available and incentives for being a pioneer in the project, please complete the form below…
Related Montage Deer Valley Articles:
Deer Valley Montage First Tracks Incentives
Montage Deer Valley Residences
Montage Deer Valley Condos Under Construction
Notice:
Park City Real Estate Guide® is neither the listing broker for the project, nor are we an affiliate of the developer or construction company of the Montage. We are providing you with this preliminary information as a courtesy only, so that our readers may seize the opportunity to beat other interested buyers to the most desirable units at the lowest possible prices. All information contained in this post is subject to change.
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Deer Valley Condo Sales - Feast or Famine?
December 10th, 2009 Categories: Deer Valley®, Hotels & Lodging, Real Estate
Those of you who have been watching the Deer Valley condo market for years will probably agree…
This has without a doubt been one of the most interesting weeks we have ever experienced in Deer Valley.
Here’s why…
Silver Strike Deer Valley Condo Auction
On Tuesday, the developers of Silver Strike Lodge announced that they will be auctioning off 8 ski-in/ski-out condos in the Village at Empire Pass.
This is the most significant auction of Deer Valley real estate in about 20 years.
When you saw this headline, did you jump to the conclusion that the real estate market conditions in Deer Valley can’t be that much different than Detroit?
Au contraire, mon Frère!
St. Regis Deer Valley Condo Sales
St Regis Deer Valley
Today, 9 units at the St. Regis Resort & Residences, Deer Crest were published across the Park City MLS as closed.
Another 50 units are under contract, and are expected to close within the next 30 days, totaling over $100 million.
And get this…each of the properties sold for 100% of list price ranging from $1044 to $1768 per square foot.
In fact, the 4 bedroom Residence at the St. Regis was the most expensive condo per square foot to have sold in Deer Valley–EVER!
How do you reconcile these two contradictory expressions of the Deer Valley market conditions?
Related Articles:
Get Silver Strike Auction Details Here!
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Park City Condo Managment Companies–15 Questions To Ask
May 19th, 2009 Categories: Hotels & Lodging, Local Services, Real Estate
Let’s face it…
It’s been a tough couple of months for Park City & Deer Valley property managers.
With a couple of Park City’s largest property management companies announcing they would be late on rent payments due to owners…
Park City & Deer Valley second home owners and investment property owners might want to take a closer look at who’s managing their investments, and ask some due diligence questions.
By the way, these questions were forwarded to us by our friend Jonny Totten from the Park City Area Lodging Association. Thanks, Jonny!
Questions to Ask and Understand When Choosing a Park City or Deer Valley Property Management Company
· How many years has the Property Management Company been operating?
· Business hours: do they vary with different seasons?
· After hours: how are check-ins handled?
· How are emergency- maintenance problems handled?
· Are services sub-contracted or do you maintain a staff to handle housekeeping and maintenance services?
· Review contract in detail and understand the commission structure; i.e. is it based on gross revenue or net revenue?
· How are travel agent and/or credit card fees handled?
· What housekeeping and maintenance services are included? Is there a fee associated?
· Understand cancellation terms and the need for honoring existing reservations.
· How often are owner statements prepared? Review a standard year-end statement to understand credits and charges.
· How do you handle advance deposits? Do you have a trust account for owner rental revenue?
· How do you market your company, and more specifically, how will you market my property?
· What are the start-up costs?
· Do you have projections so I can know what to expect in upcoming years in addition to past years’ actual revenue #s for comparable type properties?
·What can you provide to me with regards to your company’s financial strength and ability to perform on your contractual obligations to owners?
Related Park City & Deer Valley Property Management Articles:
Deer Valley Lodging: Not Too Big To Fail
Park City Property Manager Late on Payment to Owners
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Park City & Deer Valley Real Estate: The “Halo Effect” of Branded Hotels
December 24th, 2008 Categories: Deer Valley®, Hotels & Lodging, Park City, The Canyons®
It’s no secret–the economy is on everybody’s mind these days…
How Will The Economy Impact Real Estate in Park City & Deer Valley, Utah?
We sat down and had lunch with some of the brightest minds in resort real estate last week.
Guests at the event included Harry Frampton (Founder of East West Partners and Chairman of the Urban Land Institute) and Jim Flaum, the Managing Broker for Slifer, Smith and Frampton Vail Associates Real Estate.
These guys have been selling ski-in/ski-out real estate for decades, and they traveled to Park City to generously share some of their experiences in challenging economic times with a handful of local brokers who had been invited to the think-tank themed luncheon.
Good News For Park City & Deer Valley Real Estate
Global hotel brands St. Regis, Montage, and Waldorf=Astoria all have ultra-luxury hotels under construction in the Park City/Deer Valley area.
The Halo Effect: ”Branded” Hotels Will Redefine Deer Valley Real Estate
According to Frampton, Deer Valley will see a “Halo Effect” the day the St. Regis Resort & Residences, Deer Crest opens its doors in 2009.
“We saw it happen with the Ritz Carlton in Bachelor Gulch. As soon as the hotel opened, we saw a totally different type of visitor to the valley.” The type of visitor who only stays at branded 5 star resorts…
Will History Repeat Itself in Deer Valley, Utah?
So what was the impact on the local real estate market in Vail when the Ritz Carlton opened? “Average prices increased from $200-400 per square foot at neighboring properties in town,” according to Frampton.
Expert Says Global Hotel Brands Will Elevate Park City, Utah as a Travel Destination
There’s tremendous power and leverage behind the global brands. According to Jim Miller, General Manager of Dakota Mountain Lodge, “branded hotels will help elevate the Park City area as a destination.”
Consider the new Waldorf=Astoria Dakota Mountain Lodge, for instance. Hilton is the parent company of Waldorf=Astoria Collection. Dakota Mountain Lodge is the only true ski-in/ski-out property in Hilton’s stable.
Park City Hotel Reservations Turbocharged?
Hilton books over 1 million room nights per day using a robust online reservation system for their 3,300 properties. This doesn’t even include the additional rooms reserved on online travel sites like Hotwire, Expedia, and Travelocity.
Furthermore, they have more than 200 global salespeople whose sole job is to promote and book group and conference reservations at Hilton hotels around the world. This could be a key ingredient in creating business during the non-skiing months.
The ability to tap into sister brands is critical. Think of the 20 Million Hilton Honors customers, not to mention their cooperative marketing agreements with airlines, credit card companies, etc…
St. Regis & Montage Also Have Marketing Machines
Do you think this might have an impact on real estate in Park City or Deer Valley?
Related Articles:
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
Deer Valley Montage Hotel
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St Regis Deer Valley Signature Restaurant
September 15th, 2008 Categories: Deer Valley®, Hotels & Lodging
Legendary Chef Coming Soon To Deer Valley, Utah
Setting the table for the first of many memorable parties at the St. Regis…
Last night, a lively gathering of Park City & Deer Valley’s top real estate agents and brokers tasted an assortment of fine wines and hors-d’oeuvre’s on site at the St. Regis Resort & Residences, Deer Crest.
We were lured to the site by a rumor.
Would we get a hint about the identity of the future St. Regis Resort signature restaurant?
The St. Regis Development Team Made No Formal Announcement…
But party-goers were treated to a generous gift bag, including a recipe book from legendary New York chef Jean-Georges Vongerichten.
Deer Valley, Utah Welcomes Jean-Georges: Asian Fusion Pioneer
Jean-Georges, one of the world’s most famous chefs, is the internationally acclaimed creator of 18 award-winning restaurants around the globe.
His 8 legendary New York eateries include Jean Georges, Matsugen, Perry St., Spice Market, Vong, Mercer Kitchen, JoJo, and Nougatine.
Prime Steakhouse (Las Vegas), Chambers Kitchen (Minneapolis), Vong’s Thai Kitchen (Chicago), and now a new restaurant in the Deer Valley St. Regis round out Jean-George’s offerings here in the United States.
International Jean-George locations include Cafe Martinique (Atlantis, Paradise Island Nassau Bahamas), Lagoon (St. Regis Bora Bora), Dune (Paradise Island, Bahamas), Rama (London), V (London), Market (Paris), and Jean-Georges Shanghai (China).
Read More About The St. Regis Resort, Deer Crest:
St. Regis Deer Valley: Construction Update & Available Units For Sale
St. Regis Resort & Residences Deer Crest: New Five Star Hotel in Deer Valley, Utah?
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
Deer Valley Montage Hotel
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St. Regis Deer Valley
April 13th, 2008 Categories: Deer Valley®, Dining & Entertainment, Hotels & Lodging
St. Regis Resort & Residences, Deer Crest
Construction Update: September 2008 Years ago, we watched the excavation of the site atop Portugese Gap in Deer Valley where the St. Regis tower was planned.
It’s incredible to see the site transforming into a luxury hotel.
The framing is complete for the St. Regis Condos, which are the lower 7 stories of the hotel.
The roof of the building is under construction right now. In the weeks ahead, the interior walls of the top four stories–the St. Regis Residences–will begin to take shape.
The photo to the left shows the main tower of the hotel from Deer Crest Estates Drive.
St. Regis Deer Valley Opening Date: November 24, 2009
Starwood’s website recently announced the hotel is slated to open November 24, 2009.
St. Regis Deer Valley Ski Access
Deer Hollow is a beginner-level green run accessed from the Jordanelle Express Gondola and the Deer Crest chair lift.
It’s wide open, and fun for people new to the sport, and experienced skiers will have fun arcing wide turns across the run.
The photo to the right depicts the ski-out trail from the St Regis Resort down to the Deer Crest chair lift.
To help you orient yourself about the location of the St Regis on the Deer Valley Ski mountain, here is the link to Deer Valley’s Trail Map online.
Is Deer Valley the “Dubai of the Rockies?”
There are no man-made islands yet, but…
Developers are moving ahead with numerous projects, in defiance of the “Mortgage Crisis” and real estate doom and gloom from around the USA.
Massive cranes are making noticeable progress, as the structural elements of the St. Regis and Montage Hotels take shape.
Much of the structural steel and concrete in the St Regis hotel is in place, and the roof is being constructed right now.
The photo to the right was snapped on closing day of ski season (April 2008).
The views from the hotel will be gorgeous. On days like today, you’ll be able to see for miles!
St. Regis Deer Valley Sales Update
To date, 57 of the 83 Condos and Residences at the St. Regis are already sold. There are only 8 residences left!
Some floor plans have very limited availability at this point…
But There’s a Secret Stash of Highly Desirable St. Regis Units
Don’t assume the available inventory has been picked over and that the remaining units are inferior–it’s just not true.
Here’s why: The St. Regis Developers are Smart.
They better be–they’re managing a $300 million construction project! Their sales strategy to this point has been spot-on. They successfully released the St. Regis units in phases that were carefully chosen to reflect a representative cross section of available units.
“Save The Best For Last”
They knew that in order to sell the building out successfully, they would need some of the best units to still be available in the final release…
And that’s where we are now!
Last we checked, there were only a couple of units officially offered for sale across the Park City MLS. But in reality, you can select from any of the remaining units in the building at this point.
If you can’t find the unit configuration you want among the St. Regis Condos & Residences Listings for sale, get a copy of the St. Regis Cheat Sheet!
Related Articles:
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
Deer Valley Montage Hotel
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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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Dakota Mountain Lodge and Waldorf=Astoria Announcement
February 26th, 2008 Categories: Hotels & Lodging, The Canyons®
Dakota Mountain Lodge Aligns With Waldorf Astoria Collection
Dakota Mountain Lodge May Be Park City’s New Hot Spot. Dakota Mountain Lodge made national news last year with their announcement of their affiliation with the Golden Door Spa.
Today’s news that the Waldorf=Astoria Collection and Hilton have stepped up to the plate is a big deal for The Canyons® and Park City area visitors and potential real estate investors.
A New Gold Rush in Park City, Utah?
In the past two years, top international boutique luxury hotel brands St. Regis and Montage have started construction on spectacular new hotels in Deer Valley.
Today’s Waldorf=Astoria announcement is a powerful vote of confidence in the bright future of The Canyons® Resort.
Developers are placing big bets on assorted new developments at the base of The Canyons Resort, and the arrival of the venerable Waldorf=Astoria name may be an indicator of exciting future of Park City’s largest ski resort.
Will Luxury Icon Deer Valley® Resort Have to Compete with The Canyons® Resort for Tomorrow’s Luxury Ski Visitors?
Over the years, Deer Valley has succeeded in attracting luxury ski vacationers and second home owners on the strength of snow grooming, dining, and pampering guests.
Local luxury developer Talisker is in the process of purchasing The Canyons Resort® from American Skiing Company. This raises the question of what The Canyons might look like in the years ahead, and will The Canyons emerge as a competitor for Deer Valley’s business in the luxury segment of the market.
Dakota Lodge Phase II Release Coincides with Waldorf=Astoria Announcement
Sales at Dakota Mountain Lodge have been strong to date–79 units in Building One are pending sale so far at Dakota.
The developer has just released the first condos in building II, which will be available on a first-come-first-served basis.
Dakota Mountain Lodge Reservation Details
Click the link above or contact us for details at Toll Free 877-838-2805 or email us. We have the list of available units, floor plans, prices, and reservation agreements.
Related Articles:
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
Deer Valley Montage Hotel
In case you missed it, here’s a copy of the press release…
THE WALDORF=ASTORIA COLLECTION SIGNS FIRST SKI MANAGEMENT AGREEMENT IN PARK CITY, UTAH
The Dakota Mountain Lodge to Debut at The Canyons
BEVERLY HILLS, Calif. - February 22, 2008 - The Waldorf=Astoria Collection and DuVal Development
announced today the signing of the Dakota Mountain Lodge, a Waldorf=Astoria Collection hotel and the luxury brand’s and Hilton’s first ski management property.
Located in Park City, Utah as part of The Canyons, Utah’s largest ski and snowboard resort and one of the largest in the United states, the Dakota Mountain Lodge will offer guests an assortment of unique experiences and discoveries for luxury ski enthusiast travelers. Completion and opening is scheduled for spring 2009.
Welcoming this hotel into The Waldorf=Astoria Collection, Ernest Wooden, Jr., executive vice president-brand
management said, “Selection for the Waldorf=Astoria Collection is exclusive. Only landmark hotels with a
reputation for superior service, a luxurious sense of place and unique architecture or artistic and historical
significance receive such designation.
Befitting of a luxury hotel, Dakota Mountain Lodge ideally represents The Waldorf=Astoria Collection brand within the scenic State of Utah.” The 197-guestroom Dakota Mountain Lodge will range in room size from studios to the six-bedroom penthouse and will be outfitted with the finest furnishings including custom Viking appliances, European showers, Jacuzzi tubs, and an outdoor pool and fire feature - all presenting refined alpine luxury.
Dakota Mountain Lodge Building II Just Released!
A second phase comprising an additional 137 guest rooms in 65 condo units is planned to commence construction in 2008.
Guests will see The Waldorf=Astoria Collection’s hallmarks of discovery and unique experiences throughout the
lodge’s impressive offerings, including access to The Canyons’ new Frostwood Gondola, which is currently
under construction and will be adjacent to the Dakota Mountain Lodge. Guests will be able to ski-in/-out to The Canyons’ slopes with personal ski valets escorting their equipment to and from the gondola.
For après ski, or as a destination in itself, guests will be able to indulge in the Dakota Mountain Lodge’s
20,000-square-foot world-renowned Golden Door Spa consisting of 20 treatment rooms, an elaborate fitness center and a full beauty salon - all in a unique and spectacular environment.
Golden Door Spa & Waldorf=Astoria Unite for the First Time
Tom Posey, president and chief executive officer, Golden Door Spas added, “Golden Door welcomes the world
class brand of the Waldorf=Astoria to the Dakota Mountain Lodge. We look forward to working with this
renowned hospitality leader to create a year-round spa and ski destination in Park City that embodies the best of
our organizations mutually remarkable legacies.”
The resort will offer a multitude of activities throughout the spring, summer and fall such as: horseback riding and
fly fishing. Additionally, The Canyons is in the process of adding a breathtaking 18-hole mountain golf course, which will surround the Dakota Mountain Lodge and is planned to commence construction next summer.
“The Waldorf=Astoria Collection is an iconic brand that is embarking on many fantastic new ventures,” commented Lee Hindin, co-founder of DuVal Development. “We’re thrilled to be part of the growth of The Collection as its first ski property.”
Shelly Kamins, a principle in DuVal Development added, “As part of The Waldorf=Astoria Collection, Dakota Mountain Lodge and the Golden Door Spa will bring cache to The Canyons and offer guests a resort experience like none other. Aligning ourselves with the legendary stature of The Waldorf=Astoria Collection is an exciting step in this process.”
Amenities Define Dakota Mountain Lodge
Other highlights of the Dakota Mountain Lodge will include a 15,000-square-foot ballroom and meeting space with its own kitchen, a 5,000-square-foot signature restaurant and lounge, and screening rooms designed to suit the Sundance Film Festival.
The lodge will be located 30 minutes from the Salt Lake City International Airport which services more than 1,000 flights a day from cities across the U.S., as well as international locations. The Dakota Mountain Lodge is also only a few minutes from the historic Main Street of Park City, Utah with its elaborate offering of restaurants, shops and amenities.
Goldman Sachs Backs Dakota Mountain Lodge
Financing for the Dakota Mountain Lodge, Waldorf=Astoria Collection is being provided by Goldman Sachs.
About the Dakota Mountain Lodge developers:
DuVal Development is a privately held real estate firm located in Park City, Utah. With over three decades of real
estate experience, the partners of DuVal Development have successfully developed millions of square feet of
commercial, residential and resort real estate throughout the United States. A prominent name in Park City,
DuVal Development has a reputation for building spectacular residential communities and is currently one of the
largest developers in the area. Because of its focus on high-quality design, world-class amenities and premier
locations, DuVal properties are the most coveted in the area. Due to absolute attention to detail and scrupulous
standards of quality, DuVal Development is highly regarded as one of the top developers in the marketplace.
About The Waldorf=Astoria Collection:
The Waldorf=Astoria Collection includes some of the most extraordinary properties in spectacular destinations around the globe. Inspired by New York’s legendary Waldorf=Astoria, each hotel in the growing Collection has its own distinct character, timeless architecture and special history. Luxury spas, culinary excellence and world-class golf are featured at
The Collection’s current properties: the beautiful Arizona Biltmore Resort & Spa in Phoenix, tropical Grand Wailea Resort hotel & Spa on the Isle of Maui, Hawaii, the historic La Quinta Resort & Club in Southern California, New York’s Waldorf=Astoria and the palace hotel Qasr Al Sharq in Jeddah, Saudi Arabia. Each guest encounter is a discovery of unique experiences designed to last a lifetime. For more information, please visit: www.waldorfastoriacollection.com.
About Golden Door Spa:
Golden Door is revered in the spa industry for its wealth of history, expertise and innovation. Each day is engrained with the Door’s philosophy of promoting complete well-being and develops a remarkable rhythm, bringing balance and transformation into the lives of its guests. Full-service resort spas near Scottsdale, AZ in Puerto Rico, Naples, FL and Telluride, CO bring the principles and philosophies of the renowned destination spa to the resort guest - seamlessly integrating indigenous treatments, fitness programs and cuisine with signature elements from Golden Door Escondido. Golden Door is also a part of the LXR Luxury Resorts Hotels collection, a portfolio of independent properties distinguished by a style and spirit that captures the unique qualities of their setting.
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Park City and Deer Valley’s Best Cash Flow Condos are…
January 25th, 2008 Categories: Deer Valley®, Hotels & Lodging
It’s one of the most common queries we receive from investment-minded buyer clients.
Park City & Deer Valley Owners Love Winter Revenue
Not surprisingly, the winter months will generate the bulk of your annual rental revenue. There’s demand for rental properties in Deer Valley, Park City, and at The Canyons Resort.
How To Generate Rental Income When it’s not Snowing?
The trick–from an investment perspective–is to discover which properties will be rented during the other 8 months of the year, albeit at lower nightly rental rates than in the peak winter season.
Amenities Help Maximize Park City Rental Income
The difference that top cash-flow properties offer relative to inferior cash-flow properties is on-site amenities.
Take Stein Eriksen Lodge, for example. The new conference center they built a few years ago, plus the spa, restaurants, bar, room service, and business center are all additional profit centers for the owners, who share in the profits from these assorted operations.
Most important is the group business that the hotel’s group sales office generates. Bringing groups of 100-300 people at a time to the lodge for 3 or 4 days tends to boost the occupancy!
Increased Rental Revenue = Increased Appreciation Potential
Here’s the catch…as the management has improved the profitability of the hotel and owner profit sharing has increased, why would an owner want to sell their unit? You will have to be very patient–and very lucky–to find an available unit for sale at Steins.
Click here to check for Stein Eriksen condos listed for sale. If you don’t see any, please email us at Steins@ParkCityRealEstateGuide.com if you want us to include you on our Priority Notification List of any new units for sale at this premier Deer Valley property.
However, Stein’s isn’t the only property that offers potential investors an attractive investment opportunity. This story is continued here:
The Best Cash-Flow Condos in Deer Valley (Part II)
Deer Valley Is Not the Only Smart Money Bet in Town (Part III)
Dakota Mountain Lodge and Waldorf=Astoria Announcement
Deer Valley Montage Hotel
St. Regis Resort and Residences, Deer Crest
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