October Real Estate Update

By Lea Hartley Team
Oct 20, 2015

Snow Hut Progress!

By Lea Hartley Team
Aug 13, 2015


It's Official!

By Lea Hartley Team
Jul 30, 2015

Vail officially announced the coming together of Park City Mountain Resort and Canyons, saying "There's only one!"




Park City's New Library

By Lea Hartley Team
Jul 23, 2015

We love our library.

Park City Library recently re-opened its doors after a prodigious renovation that included massive changes to both the interior and exterior. The result: one of the finest community gathering spots we've ever seen.

The new design seamlessly integrates the beloved brick facade of the historic High School with modern elements such as board form concrete, glass-walled conference rooms, Apple computers, installation art, etc... The airy light and colorful decorative elements bring life to a public space once associated with persnickity librarians saying, "shush."

In addition to housing a wealth of page-turners, the entrance is home to Park City Coffee Roasters and the neighboring dog park remains a favorite Bark City haunt. There are numerous big screen Macs, video editing stations, startup meeting areas, and kids features. In short, our library is a world class facility that does credit to our community.

If you haven't already, go pay the place a visit!
















Mountain Accord plan, with controls on development, wins approval

By Lea Hartley Team
Jul 16, 2015

Plan still must resolve connecting ski resorts

Bob Lloyd, The Park Record
This week's approval of the Mountain Accord plan was hailed by its executive board as a study in compromise and diplomacy.But amid the congratulations lie some thorny questions left unanswered, especially should the accord support connecting the major ski resorts in Park City and the Cottonwood canyons.

The board voted unanimously to accept the plan, but averted an 11th-hour dispute by agreeing to language that satisfied environmental groups' concerns about ski resorts connectivity.

Just 90 minutes before the meeting started, the opposing sides hammered out a compromise explicitly stating that upcoming studies would consider all ideas about connecting the resorts, even leaving them independent of one another.

The Accord's plan had implied it was open to all solutions, board members said, but the frank statement saved the all-or-nothing vote despite leaving the issue unresolved for now. All sides saw victory.

"We really needed those things to get support from our organizations and more importantly a lot of the partners that we represent," said Carl Fisher, executive director of Save Our Canyons, often the voice of environmental activists on the board. "Those additions were key. We wanted to not only support this but support this without conditions."


Stein Eriksen Lodge Management Corp And Park Meadows Country Club Announce Management Agreement

By Lea Hartley Team
Apr 17, 2015

PARK CITY, Utah (April 17, 2015) – – Stein Eriksen Lodge Management Corp and Park Meadows Country Club announced today that they have entered into an agreement for Stein Eriksen Lodge Management Corp. to manage Park Meadows Country Club, Park City's only in-town, private golf and social club.  This partnership will join two of Park City’s legendary properties, known for the highest levels of service, best locations and the industry leaders in their respected categories. As a member-owned club, Park Meadows is a renowned Jack Nicklaus-designed, championship golf course and year-round country club. As experts in world-class hospitality, Stein Eriksen Lodge Management Corp currently oversees the legendary Stein Eriksen Lodge Deer Valley, Utah's only Forbes 5- Star hotel and spa, AAA 5-Diamond hotel and World's Best Ski Hotel; The Chateaux Deer Valley, a Forbes 4-Star hotel, AAA 4-Diamond hotel; and the Stein Eriksen Residences; a luxury 14-home and 40 condominium residence development at Deer Valley Resort; one of the most successful new developments in Park City scheduled to open in the fall of 2016.

“We are thrilled to merge Park Meadows Country Club with the legendary Stein Eriksen luxury collection and take on this new venture,” said Russ Olsen, CEO of Stein Eriksen Lodge Management Corp. “Park Meadows is a stunning Jack Nicklaus-designed course, where legends play, which will join with Stein Eriksen Lodge, where legends ski. We welcome the opportunity to attach the Stein Eriksen name to such a reputable, full-service private country club. The Stein Eriksen name carries with it a promise of legendary service.  The transition will be seamless in providing Park Meadows and its members the utmost level of golf and food & beverage experiences they have come to expect.”

Located just minutes from Park City's historic Main Street and ten minutes from Stein Eriksen Lodge, Park Meadows Country Club has been rated Utah's best private golf course by Salt Lake Magazine. In addition to the superior, 18-hole golf course Park Meadows Country Club boasts a professionally staffed pro shop, expansive driving range and practice areas, year-round indoor practice facility with golf simulator, clinics and instructions for all ages, fully equipped fitness facility, locker rooms and a staffed outdoor swimming complex. The Country Club is known for its breathtaking views and offers fine dining with both a casual outdoor setting and an elegant indoor dining room and bar for members and guests. In the winter, the Country Club also features groomed cross-country ski and snowshoe trails and hosts Tuesday Bluesday and Black Thursday ski groups.

“Partnering with the world-renowned, legendary brand of Stein Eriksen Lodge will be an incredible benefit to our current and future members,” said Steve Roney, president of the Park Meadows Country Club Board of Directors.  “This relationship provides services, benefits, and amenities not currently available in the market place and is creating a true Five-Star year round experience for our members.”

With the new relationship with Stein Eriksen Lodge Management Corp, Park Meadows Country Club members will have the exclusive opportunity to take advantage of the Stein Eriksen operated facilities and Five-Star Stein Eriksen Lodge & Spa.  Hotel guests will have the opportunity to experience Park City’s premier private country club during their stay at a Stein Eriksen Lodge Management Corp. property.  In addition, those interested in membership will have the opportunity to join one of the communities most well-respected Country Clubs.

“Park Meadows members enjoy an enhanced mountain town lifestyle, which is always something Stein Eriksen has taken great pride in offering its guests,” said Olsen. “Whether golfers or not, couples, families and individuals will continue to benefit from extraordinary service and a heightened quality of life at Park Meadows Country Club.”

For additional information about Stein Eriksen Lodge Management Corp's acquisition of Park Meadows Country Club, please contact John Perry at 435-659-6197 or jperry@steinlodge.com. Additional information about Stein Eriksen Lodge can be found at www.steinlodge.com.   Kathy Volz, GM of Park Meadows Country Club can also be reached at 435-649-2460 or kvolz@parkmeadowscc.com.

Wells Fargo initiates massive foreclosure case against Talisker

By Lea Hartley Team
Mar 09, 2015

by Jay Hamburger, THE PARK RECORD

Wells Fargo has filed a lawsuit against a group of firms under the Talisker corporate umbrella and others seeking to foreclose on $163.8 million worth of loans and accrued interest linked to prominent properties like Tuhaye and the Talisker Club.

The lawsuit, filed on Feb. 27 in 3rd District Court at Silver Summit, is the second spectacular case involving the Talisker corporate family after the highly contentious courtroom drama against the former owners of Park City Mountain Resort that ended with the sale of the resort.

Wells Fargo names 14 defendants in the lawsuit. Some of them include Talisker Finance LLC, United Park City Mines Company, Tuhaye LLC, Tuhaye Golf, LLC and Empire Pass Club LLC. Talisker Land Holdings, LLC, the firm that tangled with the former PCMR owners, is also named as a defendant. Two entities under the umbrella of Stitching Mayflower were also named as defendants.

The loans date to the fall of 2010, when Wells Fargo and Bank of Scotland reached agreements to provide the loans. A firm called Midtown Acquisitions, L.P. later acquired the Bank of Scotland's interest in the loans. According to the lawsuit, the loan agreement was modified four times between late 2011 and late summer 2014. Wells Fargo serves as the administrative agent for both lenders.

When the loan was modified the second time, Talisker Finance LLC executed an updated promissory note, dated Dec. 20, 2013, with Wells Fargo.

The promissory note's principal amount was a little less than $76.5 million, the lawsuit says. The same day, a promissory note with a principal amount of approximately $66.9 million was executed with Midtown Acquisitions, L.P., it says.

Read more

What are the latest happenings in Park City's real estate market?

By Lea Hartley Team
Feb 12, 2015


The Parkite is finally unveiled on Main Street

By Lea Hartley Team
Dec 04, 2014


Bubba Brown, The Park Record

Patrons poured in from the busy sidewalk on Friday, flooding Lululemon Athletica, the first retail store open at the newly renovated Parkite building.

The construction fence that had lined the building and blocked the view from Main Street for many months had recently been taken down, and many were getting their first look at the future of what was formerly the Main Street Mall.

For Rinaldo Hunt, developer of The Parkite, at 333 Main Street, it was a proud moment. He had been working on the project for about two years, and he was there with his young daughters to get a glimpse of the public reaction to the renovation. Seeing the enthusiasm from customers was gratifying.

"I think it was a big surprise to everyone," he said. "We had that big construction fence up for just about a year, and it's definitely a transformation. "I'm glad to see customers coming in and out of the door. It's very positive and it's great to see."

Though Lululemon was the first retail store to open at The Parkite, there will four others. Opening sometime in December will be Gorsuch, a ski apparel store, while Robin's Jeans and an UGG boots retailer are slated to open by the end of January, Hunt said. A fifth retail space remains unfilled.

"For Sundance, this thing will be just crazy," Hunt said.

Read more

What's going on in the Park City real estate market?

By Lea Hartley Team
Nov 18, 2014

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