This exceptional 7,123 square foot, three-story lodge in Park City, Utah, presents a rare opportunity to acquire a high-performing hospitality investment. Built in 2000 and extensively renovated in 2021, this meticulously maintained property boasts 10 bedrooms, 9.5 bathrooms, and an array of luxurious amenities designed to maximize rental income. The spacious layout includes an oversized kitchen, multiple living areas, an upstairs en-suite kitchenette, and individually zoned climate control in each suite. Additional features include granite countertops, a bar and billiards area, an oversized laundry room, a private hot tub grotto, fire sprinkler systems, elevator access, and an expansive ski prep and sauna lounge. Situated on a 0.13-acre lot with 8 parking spaces, the lodge enjoys a prime location in Historic Old Town, within walking distance of award-winning skiing, dining, and shopping. The property is zoned for recreation commercial use and nightly rentals, and its consistently high occupancy rate, with 2024 already significantly booked, demonstrates its strong earning potential. The asking price is $7,800,000, representing a price per square foot of $1,095.04 and a price per bedroom of $780,000. The property's pro-forma NOI is $497,000, yielding a pro-forma cap rate of 6.37%. All information provided is deemed reliable but not guaranteed
Highlights
Rare Old Town Park City lodge offering group rentals; many competitors are now private residences.
Strong year-over-year performance growth since 2019.
Current pro forma cap rate: 6.49%, projected to improve in 2023.
Detailed financials and rental history available upon request.
Hospitality property - Luxury 10-BR rental lodge, high ROI.
Where is the hospitality property located?
The property is located at 1469 Woodside Ave Park City, UT.
What is the asking price?
The asking price for this property is $7,800,000.
What are key features of this property?
This property features: Rare Old Town Park City lodge offering group rentals; many competitors are now private residences.; Strong year-over-year performance growth since 2019.; Current pro forma cap rate: 6.49%, projected to improve in 2023.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
Contacts
Greg Miner
Visit Broker Website
Learn more
Useful Information
Request information
Woodside Ave Park City, UT 84060
Message sent successfully
Error
If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
Woodside Ave Park City, UT 84060
Message sent successfully
Error
Email this Information
Message sent successfully
Error
Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
1469 Woodside Ave
Sign Up
Already a member?
Just one more step, let’s verify your email
We have sent a verification link to
Please check your inbox to complete the process.
Just click on the link in that email to complete your Sign up.
If you don’t see it, you may need to check your spam folder.
Email verification link expired
It seems that the verification link has expired.
No worries! We can send you a new link to email
Log In
Don't have an account?
Reset your password
New to Paperhouses?
Paperhouses
Reset your password
Enter the email address associated with your account and we'll send you a link to reset your password.
Check your email
We've resent password reset instructions to if it is an email on file.
Thanks! If matches an email we have on file, then we've sent you an email containing further instructions for resetting your password.
If you haven't received an email in 5 minutes, check your spam, resend, or try a different email.