Peaks Hotel in Park City purchased by property arm of LDS Church
The LDS church has purchased the Peaks Hotel in Park City for an undisclosed price
Stephanie Lee Samuels, a former manager and representative for the Peaks Hotel, confirmed that the sale occurred in April. It was purchased by Salt Lake City-based Property Reserve Inc., which is the real estate arm of the Church of Jesus Christ of Latter-day Saints.
Samuels, who has since moved to South Carolina, said the hotel will undergo a remodel next year and become a Marriott property.
Samuels did not comment on the sale price. Utah is a non-disclosure state, which means real estate purchase prices aren’t part of the public record.
According to Summit County records, the property is valued at a little over $6 million.
The 127-room hotel, which includes the Italian restaurant Versante, is one of the first commercial businesses visible upon entering Park City proper on SR-224.
Property Reserve Inc. declined to comment for this report.