Real estate firm to plough $60 million into Utah Waldorf overhaul
US real estate firm Wolfgramm Capital is to refurbish a Hilton Worldwide luxury hotel in Utah after taking ownership of the site.
The new proprietor of Waldorf Astoria Park City is intending to initiate a multi-million dollar project at the ski resort.
Next level enhancements
Koloa Wolfgramm, COO of Wolfgramm Capital, detailed: “We are enthusiastic about taking this hotel to the next level and intend to infuse approximately sixty million dollars into the property. We look forward to sharing more about these enhancements at a later date.
“Wolfgramm Capital is delighted to be working with Hilton, the current lodging unit owners, the HOA, and their asset manager, CooperWynn Capital, in this endeavour.”
First year purchase
Wolfgramm Capital has made this luxury hotel acquisition within its first year of business. The property was acquired off-market and as part of an all-cash deal. The hotel will continue to be managed by Hilton.
Situated at the base of Park City Mountain Resort, Waldorf Astoria Park City is Park City’s only luxury hotel with slope-side and ski in ski out access to the largest ski and snowboard resort in the US.
Opening in 2009, the resort’s authentic sense of place is reflected throughout the property from its distinct design aesthetic and locally-inspired food and beverage scene to its custom amenities, services and signature experiences.
Its 159 guestrooms and suites are appointed with custom furnishings, and for suites, top-of-the-line kitchens. Integral to the guest experience is the hotel’s 16,000 sq ft Waldorf Astoria Spa as well as the resort’s all-day dining signature restaurant and bar, Powder. Additionally, Waldorf Astoria Park City features intimate meeting and event space as well as an expansive outdoor patio with fire pits, a heated pool and jacuzzis.
Mondrian moves into Saudi Arabia
Mondrian Riyadh Al Malga Hotel and Residences will be developed as part of the mixed-use Al Malga Urban Village and is set to open in 2026. Murabba proximity Located in the northern part of Riyadh, the Al Malga neighbourhood is at the entrance of the recently...
Project of the Week: Gran Meliá Lombok
Gran Meliá Lombok is a partnership between Spanish group, Meliá Hotels International, and local real estate firm, Invest Islands, and will become the first internationally-branded hotel to open in Torok Bay. Blending beachfront The five star beachfront resort will...
Lancaster Landmark reveals London hotel brand partner
When THP News recently spoke to the London group’s CEO, Fergus Stewart, he indicated that a deal had been signed with a major name, and now IHG’s Hotel Indigo has been unveiled as the new brand. Multi million renovation The 252-key site will now undergo a £45 million...
Marriott to debut Autograph Collection in San Antonio
In partnership with White Lodging, the project is turning the former Otis Hotel into Plaza San Antonio Hotel & Spa, Autograph Collection, a nod to the area’s roots and hotel’s past identifiers. Historic heart The 253-room property has often had ‘plaza’ in its name...
Accor signifies Emblems’ Vietnamese entry
Emblems Phu Quoc will mark the line’s debut in the Vietnam market when it opens in Q1 2025. Local low-rise The hotel will be positioned on Sao Beach, overlooking the ocean close to the southern tip of Vietnam’s Pearl Island. This locally-inspired low-rise retreat,...
Saudi Arabian site signs a swift second hotel brand
The developer, Red Sea Global, is partnering with wellness resort operator, Jayasom, to deliver an integrative multigenerational health offering. Resort and residences With a planned total of 153 keys and 24 branded residences, Jayasom Wellness Resort, Amaala will be...