Park City Family Prepares to Sell Holdings at Town Lift Base

Park City Family Plans to Sell Holdings at Town Lift Base with a $27 Million Listing Price

The Sweeney family’s Brothers III LLC is listing its holdings at the base of the Town Lift for $27 million, marking a pivotal moment for one of Park City’s most iconic locations. The offering includes a building with six commercial spaces, a 25% stake in the Town Lift Plaza garage, and the largest section of the Town Lift deck. Developed in the 1990s alongside the Town Lift, these properties have played a key role in shaping the growth of lower Main Street and supporting the city’s thriving tourism industry.

With the three Sweeney brothers now in their 70s and no younger family members available to manage the properties, the sale signifies a generational…

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Utah Takes Top Positions in Ski Magazine's Western Rankings

Utah Ski Resorts Take 1st and 2nd Place in Ski Magazine’s Western Rankings.

Northern Utah is well represented in Ski Magazine’s list of the top 30 Western ski resorts, with Powder Mountain taking first place, Snowbasin coming in second and both Alta and Deer Valley making the top 10

Nearly every Utah resort broke some kind of record — Powder Mountain recorded its highest snowpack since 1977, according to Ski Utah, while Snowbasin had its longest season and most recorded snowfall ever.

In total, seven Utah resorts made the list:

• Powder Mountain - No. 1.
• Snowbasin Resort - No. 2.
• Alta Ski Area - No. 7.
• Deer Valley - No. 9.
• Snowbird Mountain Resort - No. 13.
• Park City Resort - No. 15.
• Brighton Resort - No. 17.

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Utah Happiest State in America

Happiest State in America: Utah

WalletHub released its annual “Happiest States in America” report, showing that Utah is the happiest state in the United States.

All 50 states were measured across 30 metrics, like depression rates, productivity, income growth, unemployment rates, sports participation rates, work environment and sleep rate. Upon analyzing the data, WalletHub revealed that Utah came out as the happiest state overall. Of notable mention was Utah’s remarkable volunteer rate, standing at an impressive 40.7 percent, surpassing Florida, the state with the lowest volunteer rate, by a striking 2.6-fold margin. In addition, Utah boasted the nation’s lowest separation and divorce rate, further enhancing its standing as a hub of…

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Alterra Mountain Company Announces Major Expansion of Deer Valley Resort

Deer Valley Resort Will Double Its Skiable Terrain While Adding Premier Hospitality via a New Village and Portal

Denver, CO, August 24, 2023 – Alterra Mountain Company, the world’s premier mountain operating company, has announced a major terrain expansion of Deer Valley Resort that will add 3,700 acres of terrain to its world-renowned, ski-only destination located in the Wasatch Mountains in Park City, Utah. In addition, the development of a new village and portal will dramatically improve access to the resort while adding world-class lodging, dining, and retail amenities in partnership with Extell Development Company.

The expansion will more than double Deer Valley’s skiable terrain, adding 16 new lifts and a new 10-passenger gondola,…

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SKI-TIME IN PARK CITY | 2020 Resort and Season Pass info for Utah Ski Areas

Utah Ski Resort Season Pass Info for 2020

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Deer Valley Announces Major Expansion Plans

Deer Valley Resort Hoping to Connect to Old Town

Options Include Two Connected Gondolas Or One Gondola To Reduce Traffic

In a meeting with the Park City Council, Bob Wheaton, the President and General Manager of Deer Valley Resort, shared Deer Valley's plan to dramatically increase their ski terrain with eight new lifts, which will serve approximately 1,000 acres of new runs. Wheaton also discussed the development at Mayflower Mountain Resort (above the Jordanelle) and expanded residential communities in and around the resort. Most exciting, Wheaton confirmed that Deer Valley intends to try to connect the resort directly to Old Town via a Gondola System.

There are two options, the first option involves two connected gondolas; the second…

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Vail Resorts to Invest an Unprecedented $50 million in Park City Mountain Resort in One Season

Vail Announces Resort Improvement Plans for Park City Mountain Resort

• More than $50 million of improvements in one season
• Most impactful capital program in history of U.S. ski industry
• Creates largest ski resort in U.S. with upgraded lifts and restaurants
• All projects are subject to appropriate regulatory approval

BROOMFIELD, Colo.—Dec. 8, 2014—Vail Resorts, Inc. (NYSE: MTN) today announced details of the company’s planned upgrades to Park City Mountain Resort for the 2015-2016 ski season. The plan, which totals over $50 million, is one of the most ambitious and impactful capital programs in U.S. ski industry history and will transform the guest experience at Park City Mountain Resort. The plan would establish the connection…

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Deer Valley Purchases Solitude Mountain Resort

Solitude Mountain Resort Bought by Deer Valley

DEER VALLEY RESORT AGREES TO PURCHASE SOLITUDE MOUNTAIN RESORT

DEER VALLEY TO TAKE OVER OPERATIONS MAY 1, 2015

DEER VALLEY RESORT, PARK CITY, UTAH (October 3, 2014) – Deer Valley Resort has entered into an agreement to purchase Solitude Mountain Resort and will begin operating the resort on May 1, 2015.

“Solitude is an incredible resort and provided a huge opportunity for us to expand our offerings right here in Utah,” said Bob Wheaton, president and general manager of Deer Valley Resort. “Solitude is in unique position with their widely varied terrain that attracts both local and destination skiers. We are ecstatic to be able to add the resort to the Deer Valley® family.”

“The DeSeelhorst…

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In Conversation with Vail | Vail's Future Plans for Park City Mountain Resort

Vail's Future Plans for Park City Resort

Today, Blaise Carrig, President of the Mountain Division at Vail, joined BHHS Management and our agents for a discussion of Vail’s future plans.

Mr. Carrig gave an overview of Vail’s strategy with regards to mountain acquisition and growth, real estate development, growing appeal for winter sports, and running and operating resorts. The presentation was illuminating, and Mr. Carrig answered many of the remaining questions surrounding Vail’s recent acquisition of Park City Mountain Resort and the company’s immediate and future intentions towards its two local ski resorts.

A large part of the discussion revolved around the unique capital strength commanded by Vail. The business acumen of Vail Resorts allows…

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Park City's Real Estate Market Post Vail Purchase

Vail Acquires Park City Mountain Resort

At Engel & Völkers Park City, we are tracking the effects of the Vail purchase with keen interest. While it's too soon to predict all the implications from this major change, we feel comfortable in saying that Vail’s presence will be very positive for our marketplace. There are several plots of land now owned by Vail that are available for new development, which will add substantially to Park City’s future real estate growth potential.

We are not the only ones who see this acquisition as a beneficial thing.  Immediately after the sale was made public via press releases from both Vail and Park City, Vail’s stock shares jumped 12% in value. Stocks have continued to trend upwards, especially after it was…

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