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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[...] From this lot you’ll notice Deer Valley landmarks like Bald Mountain, Bald Eagle, and Stein Eriksen Lodge. [...]
[...] motorcade traveled to Stein Eriksen Lodge, where the presidential entourage occupied 60 hotel rooms for the [...]
[...] so it’s reasonable to expect that The St. Regis Resort & Residences, Deer Crest will join Stein Eriksen Lodge as Utah’s only Mobil 5 Star rated hotels. The hotel is being built in accordance with [...]
[...] City Sitters is the preferred provider of child care services for Stein Eriksen Lodge, which is Utah’s only Mobile 5 Star Rated Hotel. [...]
[...] City Sitters is the preferred provider of child care services for Stein Eriksen Lodge, Utah’s only Mobile 5 Star Rated [...]
[...] a couple of years, the Stein Eriksen Lodge may face some stiff competition for luxury travelers headed to Deer Valley® [...]
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[...] 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 Hotel Dakota Mountain Lodge and Waldorf=Astoria Announcement [...]