WALDORF ASTORIA CONDOS FOR SALE PARK CITY
Explore Waldorf Astoria Park City Condos for Sale
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 well, and it's all about the location and the luxury service 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 additions will improve Waldorf Owners' rental revenue during the off-season and the overall ski experience for owners and guests.
Waldorf Astoria Park City Location
Nestled in the picturesque Frostwood area of Canyons Village, Waldorf Astoria Park City offers an idyllic mountain escape in the heart of Utah's ski country. Located at 2100 Frostwood Drive, Park City, UT 84098, the property is just a short walk from the Frostwood Gondola, which offers easy access to the Canyons Village base area and over 7,300 skiable acres.
The hotel is just minutes from Park City's historic Main Street, with charming shops, art galleries, and restaurants. The Canyons Golf Course surrounds the property for golfers, offering stunning views and challenging play. With its prime location, Waldorf Astoria Park City is the perfect base for outdoor enthusiasts and those seeking a peaceful mountain retreat.
Is Investing in Waldorf Astoria Park City a Smart Decision?
Investing in Waldorf Astoria Park City can be financially lucrative, but it's important to be aware of the management structure and associated costs. Owners can choose from two rental tiers with different rental splits. However, when having Waldorf Astoria as an investment property, there is a 10% brand fee and 6% expenses before a 50%/50% split with management, followed by a 4% reserve.
As a result, the owner can expect to receive approximately 38% of gross revenue before property tax, debt service, and other expenses. While the property generates significant cash, potential investors must carefully consider the management structure and costs associated with owning a Waldorf Astoria property.
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.
Amenities for Waldorf Owners:
Waldorf Astoria Park City offers an extensive range of amenities for its owners. The Waldorf Astoria Spa is the perfect place to relax and unwind after a long day on the slopes. The Powder restaurant in the lobby is renowned for its exquisite cuisine, while the pool and hot tubs offer a chance to soak up the mountain scenery.
The full-time concierge can assist with anything from dinner reservations to activity planning. Owners can also enjoy room service, valet and bell service, complimentary ski storage, and ski and snowboard access via the Frostwood Gondola.
The property offers access to hiking and biking trails for those who love outdoor activities, allowing you to explore the area's stunning natural beauty. Waldorf Park City also offers heated underground parking, making it easy to park and access your vehicle in winter. In addition, the 18-hole Canyons Golf Course surrounds the property, providing an excellent opportunity for golf lovers to enjoy their favorite sport in a beautiful mountain setting.
Realtors for Waldorf Park City
If you're interested in buying or selling a residence at the Waldorf Astoria in Park City, Utah, the Carlson Real Estate Team can help you with your real estate needs. The Carlson team has extensive local real estate market knowledge and can guide you through purchasing or selling your property.
As experienced realtors, they can provide professional advice on pricing, negotiating, and closing the deal. They can help you navigate the complex process of buying or selling a condo-hotel property, such as the Waldorf Astoria, and ensure that you make an informed decision.
The Carlson team can also provide you with information about the amenities, HOA fees, and rental program at the Waldorf Astoria so that you can make an informed decision about your investment. They can help you understand the market trends, comparable sales, and the investment potential of a property at the Waldorf Astoria or anywhere in Park City.
If you're interested in buying or selling a property at the Waldorf Astoria, contact the Carlson Real Estate Team to schedule a consultation. They can provide the guidance you need to maximize your investment in the Park City real estate market.
Frequently Asked Questions About Waldorf Astoria in Park City, Utah
Waldorf Astoria Park City is a luxury condo hotel in Frostwood at Canyons Village in Park City, Utah. As a homeowner, you may have questions about renting your property, using a property management company, bringing pets, financing, transfer fees, and the hotel's location. We will address all these queries in this frequently asked questions guide. So, read on to find out everything you need to know about Waldorf Astoria Park City.
- Can I rent out my property at Waldorf Astoria Park City?
Yes, owners have the option to use the front desk and have Hilton Hotels operate the rental as part of the nightly rental program. However, renting out your property is not required.
- Who operates the Waldorf Astoria Park City?
The Hilton family of hotels operates the Waldorf Astoria Park City, a luxury condo hotel.
- Can I use my own property management company at Waldorf Astoria Park City?
Waldorf Astoria Park City uses its own management company to manage the properties. It is generally in the homeowner's best interest to use Waldorf's management due to how the HOA is structured.
- What is the pet policy at Waldorf Astoria Park City?
Pets are allowed at Waldorf Astoria Park City, and there are no restrictions on the dog's size or the number of dogs you can have. However, Waldorf Astoria asks that you use common sense regarding pets. Cats are also allowed if your residence is not in the rental pool.
- Can I finance a Waldorf Astoria property since it is considered a condo hotel?
Yes, there are several lenders that you can speak with about financing condo-hotel properties in Park City.
- Is there a transfer fee when buying a Waldorf Astoria residence in Park City?
Yes, buying a Waldorf Astoria property requires a 2% RMA transfer fee. The transfer fee goes to the Canyons Village to help keep shuttles running, maintain the common areas, and fund other functions of The Village. Although the party responsible for the transfer fee is not set in stone, someone must pay it.
- Where is the Waldorf Astoria located in Park City?
The Waldorf Astoria is located at 2100 Frostwood Drive, Park City, UT 84098, in the Frostwood at Canyons Village in Park City, Utah. It is a 45-minute drive from Salt Lake City International Airport.
Waldorf Astoria MLS Listings
Contact us for possible off-market opportunities for buying a condo at Waldorf Park City!