The Only New Whole-Ownership Condos Built in the Park City Mountain Resort® Village in More Than Two Decades!

There’s nothing like The Lowell in the Resort Village, which has plenty of old, tired condos, and very few brand-new, high-end contemporary condos like The Lowell. 

The Lowell Amenities Include:

• Concierge Service
• Secure Electronic Key Access
• High-speed Wireless Internet
• Community Lounge With Fireplace
• On-site Ski & Snowboard Shop
• Outdoor Heated Pool
• Fitness Center
• Resort Village Location
• Underground Parking
• Outdoor BBQ Area

In Park City Real Estate, Location is Critical…

And the location of The Lowell is tough to beat if you like skiing or snowboarding.

You’re perfectly positioned for Utah powder days, just steps from the bottom of the Payday Lift at Park City Mountain Resort. 

Plus, you’re walking distance to all of the shops and restaurants in this world-class ski-in, ski-out village.   The diversity of activities in the resort village in the summer and winter makes The Lowell a perfect spot for your entire family to enjoy the year-round fun and excitement at the Park City Mountain Resort.®

Savvy real estate investors love scarcity, and The Lowell is Park City’s equivalent to beach front property.

Condos at The Lowell are Limited

Here’s the good news…

There are a total of 10 units in the building, and only six units are still available.  Four of the remaining units are 2 Bedroom condos.  Only a couple of 3 bedroom condos at The Lowell are left.

Here are details about the remaining Condos for Sale at The Lowell

What Interior Finishes Will Condos at The Lowell Include?

Living Room

• Hand scraped reclaimed hardwood floors
• Gas fireplace with Cherry wood and imported natural stone surround and mantle
• Business center featuring ports and lines for fax, printer, and data/communications
• Automated room control
• Automated roller and blackout shades

Kitchen

• Wolf gas range, Sub Zero refrigerator/freezer and wine cooler, designer dishwasher and microwave
• Custom-designed and craftsman-built cherry cabinets including island counter
• Natural stone slab counter-top and back-splash imported from quarries around the world

Bedrooms

• Luxurious designer carpet
• Automated roller and blackout shades
• Lockable owner storage
• Insulated walls for sound attenuation and climate control

Bathrooms

• Natural stone slab counter-top and back-splash imported from quarries around the world
• Custom designed and craftsman-built cherry cabinets
• Contemporary natural slate or Brazilian granite tile floor
• Stylish tile accented walls
• Flat pebble shower floor with stylish tile walls
• European glass shower enclosure
• Double sinks in master bathrooms
• Deluxe garden tubs in every master suite

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Record Land Sale in Deer Valley, Utah

It doesn’t seem like the smart money is too worried about the national “mortgage crisis” having a big impact on Deer Valley real estate values.

Deer Valley just witnessed the most expensive single-family residential lot sale to date…

The lot was a resale lot that was originally purchased from the high-end developer Talisker three years ago. 

Lot #22 Red Cloud just sold for a cool $5 mil. 

Check out the view from lot 22 in this photo to the right:

Click here to see other parcels available for sale in Red Cloud.

What Does $5 Million Buy You in Empire Pass, Deer Valley?

Lot 22 in Red Cloud is a 1.32 acre parcel with excellent ski-in/ski-out access and amazing views to the East and North. 

From this lot you’ll notice Deer Valley landmarks like Bald Mountain, Bald Eagle, and Stein Eriksen Lodge.

What makes this area command such a premium price over other neighborhoods in Deer Valley?

Scarcity Creates Value.  There are only 30 lots in the gated Red Cloud neighborhood.

Aside from the privacy, the beautiful forested setting, and perfect ski access at Deer Valley Resort, residents of Red Cloud can apply for membership in the exclusive Talisker Club. 

Talisker Club Amenities Create Massive Value

Talisker Club membership allows owners to access private amenities at Deer Valley Resort (like the Talisker Tower Club and Red Cloud Cabin–a private restaurant for owners), and off-mountain amenities like fly-fishing on private waters, and golf at the esteemed Talisker Club at Tuhaye.

Red Cloud Deer Valley is Taking Shape

Three homes are currently under construction in Red Cloud. 

One of them is pictured in the photo to the right.  It’s situated along the slope of the Bandanna ski run at Deer Valley Resort.

Two of the homes are private residences, and the third is a Spec Home that will be framed this spring.

Click here to see other parcels available for sale in Red Cloud.

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Even though it’s still snowing in Park City, Utah…  

Deer Valley Resort Wrapped Up a Phenomenal Ski Season April 13th.

We couldn’t resist a day of spring skiing on Deer Valley’s closing day. 
And what a spectacular day it was…Not a cloud in the sky, and no crowds on the lifts.

Check out the huge cornice at the top of the Daly Chutes on April 13th!

Average base depth of the snow-pack on closing day was a whopping 131 inches…not a brown muddy patch to be found anywhere on the ski runs, even at lower elevations like Deer Crest (see below photo). 

Homes in Deer Crest, Deer Valley

We made a great tour of Deer Valley Real Estate, and stopped to snap some photos in the Red Cloud, St. Regis, Montage, and Empire Pass neighborhoods. 

  View From Red Cloud, Deer Valley

 This is what February usually looks like in Deer Valley.  But guess what? 
We snapped this shot of a Paintbrush Home in Empire Pass on April 13th. 

Looking down on Bald Eagle and Silver Lake Village, Deer Valley

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Construction Update: 
Closing Day at Deer Valley Ski Resort.

Years ago, we watched the excavation of the site at the top of Portugese Gap where the St. Regis tower will be located. 

It’s pretty incredible to see the hotel taking shape. 

In the months ahead, the top four stories–the St. Regis Residences–will begin to take shape. 

St. Regis Deer Valley Ski Access

The photo above shows the ski-in access from the Deer hollow Ski Run.

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 expierienced skiers will have fun carving sweeping wide turns across the run.

The photo to the right depicts the ski-out trail to the Deer Crest chair lift.

Here is the link to Deer Valley’s Trail Map online.

Is Deer Valley the “Dubai of the Rockies?”

Not Exactly.

But you might be surprised by the amount of new construction underway in Deer Valley, in defiance of the “Mortgage Crisis” and real estate doom and gloom from around the USA.

Massive cranes are slowly but surely making progress, as the structural elements of the St. Regis and Montage Hotels are beginning to take shape.

Looks like the steel and concrete is complete up to the 6th story of the 11 story tower.

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.

Some floor plans have very limited availability…

But There’s a Secret Stash of St. Regis Units That Haven’t Been Released Yet

If you can’t find the unit configuration you want among the St. Regis Condos & Residences Listings for sale here, email us and we’ll check the developer’s “secret stash” of units not listed across the MLS!

Related Articles:

Park City and Deer Valley’s Best Cash Flow Condos are… (Part I)
The Best Cash-Flow Condos in Deer Valley (Part II)
Deer Valley Is Not the Only Smart Money Bet in Town (Part III) 
Deer Valley Montage Resort & Spa

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We just received this question from one of our blog readers:

“How does the total volume of PCMLS sales in 1st quarter ‘08 compare with ‘06 and ‘07″

So we did a little research…Here are the results:

Park City Real Estate Sales Volume By Quarter 2002-2008

Park City MLS Areas 1-37

Sales Volume Includes Homes, Condos, Land, Commercial, Fractional

First Quarter Comparison
Quarter 1 2008 $318,529,716
Quarter 1 2007 $993,535,986
Quarter 1 2006 $1,074,994,736
Quarter 1 2005 $958,984,808
Quarter 1 2004 $482,420,515
Quarter 1 2003 $327,833,715
Quarter 1 2002 $301,966,270  

                                            *Statistics Courtesy of the Park City Board of Realtors

Second Quarter Comparison
Quarter 2 2007 $1,000,657,355
Quarter 2 2006 $939,598,086
Quarter 2 2005 $1,137,881,194
Quarter 2 2004 $637,795,946
Quarter 2 2003 $386,152,732
Quarter 2 2002 $365,544,559
 Third Quarter Comparison
Quarter 3 2007 $526,424,478
Quarter 3 2006 $426,187,590
Quarter 3 2005 $589,895,046
Quarter 3 2004 $354,901,545
Quarter 3 2003 $211,802,454
Quarter 3 2002 $197,293,163

Fourth Quarter Comparison 
Quarter 4 2007 $450,409,188
Quarter 4 2006 $397,002,139
Quarter 4 2005 $570,381,959
Quarter 4 2004 $397,685,997
Quarter 4 2003 $225,219,318   
Quarter 4 2002 $187,481,680

*Statistics Courtesy of the Park City Board of Realtors

To explore the market momentum of homes, condos, and land in the Park City marketplace, check out the following posts: 

Park City Condo Sales Statistics

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Park City Utah Condo Prices Still Rising 

We’re not kidding! 

So much for the real estate doom and gloom we read about every day in the national media. 

Check out this chart…

It shows average and median sales prices for Condos in Old Town (MLS area #1) Park City, Utah over the past 10 years.

Not quite what you expected to see, particularly in the 2007 and 2008 years?

How can this be? 

*Statistics Courtesy of the Park City Board of Realtors 

Every Regional Real Estate Market has its Own Local “‘DNA.”  

We know genetics professors in the crowd will cringe at the analogy, but it’s not a crazy way to look at real estate markets.

Each local real estate market around the country has a two main driving forces–Supply and Demand. 

The relative amounts of each of these factors will create a different expression of prices and price momentum.  

Areas with massive over-supply might see”foreclosure bus tours” but it doesn’t mean every market in the USA is spiraling downward.  Properties with scarce supply and high demand will prices climbing higher and higher. 

That’s why properties like the Waldorf=Astoria Dakota Mountain Lodge and Golden Door Spa at The Canyons has sold more than 30 residences YTD in 2008, at average prices that continue to increase rapidly.

 ”What’s The Story Behind The Extraordinary Appreciation rates in Park City, Utah?”

Simply put, it’s not reasonable to assume that the value of every property in the Park City market has appreciated at the rates in the Table here.

New Construction Is Booming in Park City.

It’s a fact that the type and quality of condos available today are totally different from what was available in the late 1990’s.

There was nothing like the Silver Star development at the base of Park City Mountain Resort.

What’s the story with the big drop in Old Town Park City Condo appreciation in the year 2003?  

*Statistics Courtesy of the Park City Board of Realtors

Park City Real Estate DNA

Sometimes local events that have big impacts locally, and cause local market conditions to operate on a totally different curve than what’s happening nationally.

Remember that little-known event Utah hosted in February of 2002–The Winter Olympic games?

The years leading up to the Olympics were a time of enthusiastic speculation by local builders.  Supply exceeded demand, and so prices dropped correspondingly.

Old Town Park City Condo Sales Table

What about the Broad Real Estate Market stats in Park City?  Read the following posts for the rest of the story:

Park City Total Sales Volume 2002-2008  

What Will Happen to Prices in Park City for the Rest of 2008? 

We look forward to your comments below!

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Silver Star Condos and homes are almost completed!

Of the 98 total homes (condominiums, townhomes, and cottages) in the Silver Star community, 48 are now complete. 

An additional 46 units are under contract and under construction.  All of these are expected to close by mid-summer 2008.

Only four Developer-offered homes remain unsold in the entire Silver Star project. 

Here is a complet list of all of the properties currently available for sale at Silver Star.

Remaining Silver Star Properties Will Be Completed Soon

The developers are hoping to have all owners residing in their properties by the end of July.

The Stacked Flat 3 building is now completed and being fully enjoyed by its owners, and Townhome 4 is also finished and owners are now moving in.

Cottages 7,8,9 and 10 will be completed by early April, 2008.

“In effect, we’re delivering over 18% of all Silver Star units this month alone,” marvels Silver Star principle, Chris Conabee.

Silver Star Amenities are Open

The project amenities are also falling neatly into place.

The outdoor pool and hot tub, as well as the cardio room—complete with state-of-the-art equipment—opened this spring.

The owner’s lockers are finished, as are the public restrooms.

Spiro Arts Artist-in-Residence

One compelling benefit that the Silver Star neighborhood offers is a connection with the local art and film scene. 

In  collaboration with the University of Utah College of Humanities - Silver Star will be home to a summertime Artist-in-Residence program, which offers Silver Star residents and visitors classes, lectures and forums for exploration of the arts.

The restored historic mining building to the left will host the Artist-in-Residence program, which will include a facility for office and studio space, as well as residences for a small number of artists during the spring and summer months.

During the winter months, the Sundance Institute will utilize the live/work spaces for its seasonal Festival staff.   

Silver Star Commercial Space Update

Silver Star features a limited amount of commercial space in addition to the residential component. 

The Sundance Institute moved into their new building in late 2007.

A sports equipment and rental shop, to be located on the north side of the plaza, across from the ticket sales office is also in the works.

By offering ski and snowboard rentals in the winter, and bike rentals in the summer, as well as sports clothing, gear and accessories, the shop will make equipment rental easy for Silver Star owners and guests.

The developers are hoping to create an upscale country store and deli/cafe with a friendly and casual atmosphere. 

Silver Star’s developers are currently in negotiations with food service providers regarding the operation of the on-site general store and café, located on the southeast corner of the central plaza.

Resale Market in Silver Star is Hot

Because of the limited supply and overwhelming demand, the developers of Silver Star did not restrict pre-constrcution resales/assignments of original contracts.

Silver Star did hit the market at the right time, with the right product mix, in the right location, and the right quality. 

Still, we’re not aware of any new developments in Park City in the past 10 years with such a superior short-term track record of re-sales.

 Here is the link to see a currently available inventory of developer-offered and resale Silver Star Listings.

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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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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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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 Dakota@ParkCityRealEstateGuide.com  We have the list of available units, floor plans, prices, and reservation agreements.

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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