PARK CITY, UT - Extell Development Company, a full service national real estate developer of residential, commercial and hospitality properties, in partnership with luxury real estate brokerage Summit Sotheby’s International Realty, announced today the sellout of the private residences at Grand Hyatt Deer Valley. Located in the new Deer Valley East Village, which will anchor the luxury resort's massive 3,700-acre mountain expansion, Grand Hyatt Deer Valley is slated to open this November, marking the debut of the Grand Hyatt brand in Utah and the first luxury hotel within Deer Valley East Village. Grand Hyatt Deer Valley will consist of 381 hotel guest rooms, 55 luxury residences, and more than 60,000 square feet of conference, dining and entertainment spaces with operation commencing for the 2024/2025 ski season.
“I’m proud to announce that all 55 of the available private residences at Grand Hyatt Deer Valley have officially contracted,” said Sheila Hall, Associate Broker at Summit Sotheby’s International Realty and lead sales agent for Deer Valley East Village. “The combination of Extell’s track record and the excitement surrounding the Residences at Grand Hyatt Deer Valley has set the tone, creating even more buzz around the expansion project. Other residential offerings are currently available, with future luxury projects coming down the pipeline. This is just the beginning for the East Village.”
Situated 40 minutes from the Salt Lake City International Airport, Deer Valley East Village will anchor Deer Valley’s major terrain expansion and provide a modern base and gateway to 3,700 acres of expanded ski terrain—more than doubling the size of the resort and making it one of the largest ski resorts in North America. The expansion features 16 new chair lifts and a 10-passenger gondola. The Village’s many year-round attractions will include fine dining, shopping, entertainment, an array of recreational activities, a children’s center and one of the largest ski beaches in the world.
Grand Hyatt Deer Valley’s prime location in the East Village will provide easy access to the slopes and state-of-the-art conference facilities. Residents and guests will enjoy world-class dining options, including a rustic American Brasserie by renowned Chef Marc Marrone, a family friendly Après Living Room, a vibrant live music venue and a coffee outpost.
"The sales success of the Residences at Grand Hyatt Deer Valley is a testament to the market’s anticipation of Deer Valley East Village," said Gary Barnett, Founder and Chairman of Extell Development Company. "As the first for-sale development within the Village, buyers recognized the value of investing in what will become a world-class destination, attracting the world's best brands in terms of lodging, dining and retail amenities. We expect Deer Valley East Village to become the crown jewel of Utah and attract visitors and residents from around the world."
Extell is underway on additional luxury residential, hotel and retail properties, transforming the resort experience along Deer Valley’s eastern footprint. The alpine village is expected to bring 2,000 new jobs and is the first resort development expansion project of its kind since 1981.
Grand Hyatt Deer Valley is open for reservations from November onward. For further information on the hotel, please visit Residences at Grand Hyatt Deer Valley.
About Extell Development Company: Founded and headed by Gary Barnett, Extell Development Company is a nationally acclaimed real estate developer of residential, commercial, retail, hospitality and mixed-use properties, operating in New York City, Utah and other premier locations across the nation. In collaboration with world-class architects and design professionals, Extell creates properties distinguished by sophisticated design, gracious floor plans and first-class amenities.
Having pioneered development on Manhattan's Billionaires’ Row, the firm has developed some of the city's ultra-luxury properties including Central Park Tower, the tallest residential building in the world located above Nordstrom’s flagship Manhattan store and One57, the record-breaking glass tower which includes condominiums above Park Hyatt's five-star flagship hotel. Additional completed projects include One Manhattan Square, the largest condominium building on Manhattan’s Lower East Side waterfront; Brooklyn Point in Downtown Brooklyn, and The Lofts Pier Village, a luxury oceanfront condominium at the Jersey Shore with resort-style amenities.
Commercial, hospitality and additional residential developments within the Extell portfolio include the recently opened Hard Rock Hotel New York; the International Gem Tower; W Times Square Hotel; Hyatt Times Square; Intercontinental Hotel and Residences in Boston, MA; 175 West Jackson Street, a contemporary office property in the heart of Chicago, IL; Four Seasons Resort and Residences Vail in Vail, CO; and Four Seasons Resort and Club Dallas at Las Colinas in Dallas, TX. For more information, please visit www.extell.com.
About Grand Hyatt Deer Valley: Grand Hyatt Deer Valley is the newest addition to the Hyatt portfolio, offering a sophisticated and adventurous retreat in the heart of Deer Valley Resort's East Village expansion. Seamlessly blending modern luxury with the natural beauty of the Wasatch Mountains, the resort offers an unparalleled level of service, world-class amenities, state of the art luxury conference center and a prime location for accessing Deer Valley's renowned slopes and outdoor activities. For more information, please visit www.hyatt.com
About Summit Sotheby’s International Realty: Summit Sotheby’s International Realty along with sister offices throughout California, Nevada, Colorado and Idaho is ranked the #17 largest real estate brokerage in the United States. With over 13 billion in annual sales volume, the collective has been recognized by Inman, Real Trends, RIS Media and Who’s Who in Luxury Real Estate for excellence in marketing, philanthropy, sales and new construction projects. Summit Sotheby's International Realty has 13 offices across Utah, operating in key luxury and lifestyle markets including Park City, Deer Valley, Salt Lake City, Draper, St. George and Moab.