Waldorf Astoria Park City Condo Listings and Real Estate Information
Waldorf Astoria Park City condos are within the Canyons Village in Park City, Utah. The location is within walking distance of Frostwood Gondola for easy ski access to The Canyons Village. This ski condo-hotel is nearly ski-in-ski-out and boasts an award-winning spa, dining, heated outdoor swimming pool, gym, ski valet & lockers, concierge, heated underground valet parking, and gorgeous mountain views!
The Waldorf is ranked as a top-tier hotel in Park City, and most other options are substantially higher in price. The property is maintained very well, and it's all about the location and the luxury service that Waldorf is known for worldwide. If Hilton has decided to operate 35 Waldorf Astoria hotels, including Rome, Paris, New York, and other fantastic cities worldwide - you know there's something special about Park City.
Waldorf Astoria Expansion in Park City, Utah
Waldorf is beginning a significant extension to the current hotel. Wolfgramm Capital, who acquired Waldorf Park City, plans to infuse sixty million dollars into the property. The proposed expansion includes adding hotel rooms, meeting space, a bar & restaurant, plus an additional pool & hot tub area.
These new additions will improve Waldorf Owners' rental revenue during the off-season and the overall ski experience for owners and guests.
Is Waldorf Astoria Park City a Good Investment?
The numbers below are approximate and only an example. Owners in Waldorf have two rental tiers they can choose from, which have different rental splits for owners.
Example: The challenging part about purchasing the Waldorf as an investment property is a Brand Fee (10%) and Expenses (6%) before a 50%/50% split with management, then a 4% reserve. As a result, the owner pulls in around 38% of gross revenue before property tax, debt service, and other expenses. The property generates a ton of cash, but you'll need to be comfortable with the management structure and cost.
Information About Waldorf Astoria Park City Real Estate for Sale
Waldorf Astoria Park City is a luxurious residential development completed in 2009 and consists of 105 residences ranging from studios to four bedrooms. All one, two, three, and four-bedroom residences have a washer and dryer. The floor plans for Waldorf Astoria Park City are as follows:
Waldorf Floor Plans: Below is a graph showing the number of bedrooms and square footage of Waldorf residences in Park City.
|1 Bedroom||667-877 SQFT|
|2 Bedrooms||1225-1439 SQFT|
|3 Bedrooms||1585-1792 SQFT|
|4 Bedrooms||1979-2010 SQFT|
Amenities for Waldorf Owners:
Waldorf Astoria Spa, Powder restaurant, pool & hot tubs, full-time concierge, room service, valet & bell service, complimentary ski storage, ski & snowboard access via Frostwood Gondola, hiking, and biking trails. Waldorf Park City also offers heated underground parking. The 18-hole Canyons Golf Course surrounds the property.
Waldorf Astoria MLS Listings
Contact us for possible off-market opportunities for buying a condo at Waldorf Park City!
Frequently Asked Questions About Waldorf Astoria in Park City, Utah.
Are nightly rentals allowed in Waldorf Astoria Park City?
Yes, owners can use the front desk and have Hilton Hotels operate the rental in a nightly rental program. Renting your new property is optional and not required.
Who Operates the Waldorf Astoria Park City?
The Waldorf Astoria in Park City is a luxury condo hotel operated by the Hilton family of hotels.
Can I Use My Own Property Management Company?
The Waldorf Astoria uses its own management company to manage the properties, and the way the HOA is structured, it is in your best interest to use the Waldorf's management.
What is the Pet Policy at Waldorf?
Pets are allowed, and there are no limits to the dog size or how many dogs you can have - Waldorf Astoria asks that you use common sense. Cats are allowed if your residence is not in the rental pool.
Can I Finance a Waldorf Astoria Since it is considered a Condo Hotel?
Yes, I have several lenders you can speak with about financing condo-hotel properties in Park City.
Is There a Transfer Fee When Buying a Waldorf Residence in Park City?
Yes, there's a 2% RMA transfer fee when buying a Waldorf Astoria property. The transfer fee goes to the Canyons Village to help keep shuttles running, the common areas looking nice, and other functions of The Village. Who pays the transfer fee is not set in stone, but someone has to pay.
Where is The Waldorf Astoria Located in Park City?
The Waldorf Astoria address is 2100 Frostwood Dr, Park City, UT 84098 in the Frostwood at Canyons Village in Park City, Utah, a 45-minute drive from the Salt Lake City International Airport.