Park City, UT
The announcement of Waldorf Astoria Deer Valley Resort and Residences marks a defining moment for Park City and Deer Valley luxury real estate, according to Wayne Levinson, a Park City-based luxury real estate advisor specializing in ski-in/ski-out and investment-grade mountain properties.
Developed by Extell Development Company in partnership with Hilton, Waldorf Astoria Deer Valley will deliver a true ski-in, ski-out ultra-luxury resort and branded residential community within the newly formed Deer Valley East Village, with a projected opening in 2028.
“This is not simply a new hotel,” said Levinson. “It is a structural upgrade to the entire Park City luxury ecosystem. The arrival of Waldorf Astoria permanently repositions Deer Valley among the world’s elite alpine destinations.”
Deer Valley East Village Emerges as a Global Luxury Hub
Waldorf Astoria Deer Valley joins a growing concentration of top-tier luxury developments in Deer Valley East Village, including the recently announced Aman Deer Valley, the previously announced Four Seasons Deer Valley Resort and Four Seasons Residences Tower, Coremont Deer Valley, Marcella Landing townhomes, and Marcella Estates luxury residences.
“The density of global luxury brands converging in one alpine base village is unprecedented in North America outside of Aspen or Courchevel,” Levinson added. “This is being built as a globally competitive luxury mountain destination — not just a regional ski base.”
Deer Valley East Village represents the first major public alpine ski resort developed in North America in over 40 years and coincides with Deer Valley Resort doubling its skiable terrain to more than 5,700 acres across 238 runs served by 37 lifts.
Park City Still Offers Significant Pricing Runway
Despite Deer Valley East Village pricing approaching $3,000 per square foot, Levinson notes that Park City remains materially undervalued relative to comparable ski markets such as Aspen, Jackson Hole, Vail, and Whistler.
“In Aspen, Vail, and Jackson Hole, comparable ski-in/ski-out branded residences routinely trade between $4,000 and $6,000 per square foot or more,” said Levinson. “That gap represents pricing runway — and it’s precisely why institutional capital and ultra-luxury developers are concentrating in Deer Valley now.”
This pricing differential, combined with improved international accessibility via Salt Lake City International Airport, positions Park City for long-term appreciation as it continues to mature into a global luxury resort market.
What This Means for Canyons Village
Levinson also addressed growing questions regarding the existing Waldorf Astoria Park City in Canyons Village.
“The Waldorf Astoria in Canyons Village will continue operating under that brand until at least April 2027,” Levinson explained. “After that, the property will most likely transition to a different luxury or upper-upscale brand, aligning with Waldorf Astoria relocating its flagship presence to Deer Valley East Village.”
The property is governed by the Dakota Mountain Lodge HOA, which has not yet announced a future brand.
“In luxury resort real estate, a rising tide floats all boats,” Levinson said. “The emergence of Deer Valley East Village as a globally recognized luxury hub strengthens Park City as a whole — including Canyons Village.”
A Structural Shift in Park City Luxury Real Estate
With Waldorf Astoria, Aman, and Four Seasons anchoring Deer Valley East Village, Levinson believes Park City has entered a new phase of market maturity.
“For buyers and investors, this is not a moment to observe — it is a moment to position,” he said. “The convergence of terrain expansion, ultra-luxury branding, and global accessibility creates a multi-decade tailwind for Deer Valley and Park City real estate.”
About Wayne Levinson
Wayne Levinson is a luxury real estate advisor based in Park City, Utah, specializing in ski-in/ski-out properties, branded residences, and investment-grade mountain real estate across Deer Valley, Park City, and the Jordanelle corridor. He is recognized as a Top Agent on Zillow (“Best of Zillow”) and is widely known for his data-driven, AI-powered approach to real estate analysis and luxury market positioning.
For more information or to learn about ownership opportunities in Waldorf Astoria Deer Valley, Aman Deer Valley, Four Seasons Deer Valley, Coremont, Marcella Landing, or Marcella Estates, visit www.Park-City.com
