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Peaks Hotel in Park City purchased by property arm of LDS Church

Outside of the Peaks Hotel along SR-224.
Parker Malatesta
Outside of the Peaks Hotel along SR-224.

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.

Corrected: August 31, 2022 at 11:25 AM MDT
An earlier version of this report did not include Stephanie Lee Samuels' full name, and incorrectly called her an owner rather than manager and representative of Peaks Hotel.