Waldorf Astoria Park City Condo Listings and Real Estate Information
The Waldorf Astoria luxury condos are located within the Canyons Village in Park City, Utah. The location is within walking distance to 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 of the other options are substantially higher in price. The property is maintained very well and it's all about location while having 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.
IS THE WALDORF ASTORIA PARK CITY A GOOD INVESTMENT?
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. The owner tends to pull 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 Property Details: Waldorf Park City was completed in 2009 and consists of 105 residences, studios to four-bedrooms. All one, two, three and four-bedroom residences come with a washer and dryer.
Number of Bedrooms and Square Footage
|1 Bedroom||667-877 SQFT|
|2 Bedroom||1225-1439 SQFT|
|3 Bedroom||1585-1792 SQFT|
|4 Bedroom||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 property is surrounded by the 18-hole Canyons Golf Course.
Waldorf Astoria MLS Listings
Frequently Asked Questions When Buying a Waldorf Astoria property 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 their own management company to manage the properties and the way that the HOA is set up is in your best interest and cheaper to use the on-site property management company.
What is the Pet Policy at Waldorf?
Pets are allowed and there are no limits to the size of dog or how many dogs you can have - Waldorf Astoria does ask 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. This comes from the master plan of 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 it.
Where is The Waldorf Astoria Located in Park City?
The Waldorf Astoria is located at 2100 Frostwood Dr, Park City, UT 84098 in the Frostwood at Canyons Village in Park City, Utah which is a 45-minute drive from the Salt Lake City International Airport.