Waldorf Astoria’s new owners plan $60 million in enhancements to property

PARK CITY, Utah — The Waldorf Astoria Hotel in Park City, Utah, has been acquired by Wolfgramm Capital. The Waldorf Astoria Park City is part of Waldorf Astoria Hotels & Resorts, one of Hilton’s three distinct luxury brands. Located at the base of the Canyons Village at Park City, it’s the ideal setting for a luxurious winter getaway— thanks to its close proximity to the slopes and Historic Old Town and stunning views of the Wasatch Mountains. 

“Wolfgramm Capital is delighted to be working with Hilton, the current lodging unit owners, the HOA, and their asset manager, CooperWynn Capital, in this endeavor. 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,” says Koloa Wolfgramm, COO of Wolfgramm Capital. 

Formed in 2021 by Phil Wolfgramm, Koloa Wolfgramm, and Russell Handy, the new private equity real estate firm has amassed an impressive $200 million asset portfolio in its first eight months. With decades of combined experience in operating hotels, asset managing luxury resorts, consulting in the real estate legal field, and managing funds in the private equity sector, the principals of Wolfgramm Capital are uniquely positioned to capitalize on its experience to take the Waldorf Astoria Park City to the next level.

 Pre-existing luxury units are available at the Waldorf, including this charming ski-in/ski-out 1-bedroom, 2-bathroom condo located at 2100 W Frostwood, Unit #6118. Inside is a beautifully appointed kitchen with a breakfast bar, updated Viking appliances, a six-burner gas stove, and a stunning backsplash to tie in the traditional yet modern feel of the home. A gas fireplace, a private patio, and TVs are to be enjoyed in every room. The Waldorf also provides premium amenities such as a fitness center, room service, an onsite restaurant, an outdoor pool and hot tub, and ski-in/ski-out services right outside your front door. The owners will also have access to the Waldorf shuttle service making for an easy and quick ride over Historic Main Street or Kimball Junction for all of the shops and restaurants that are just minutes away.

Steps from the Waldorf Park City’s front doors, the Frostwood Gondola will take you to Canyons Village at the base of Park City Resort. The Village is a playground of over 7,300 acres of terrain, more than 300 trails, a 22-foot half-pipe, and 16 on-mountain dining options. In the warmer seasons, Canyons Golf surrounds the Waldorf Astoria, winding through 97 acres. The course features over 550 feet of elevation change with spectacular views of the Wasatch and Uinta Mountains and the surrounding valley.

Julie Snyder is an experienced real estate professional who serves as a lifestyle resource for clients looking to buy or sell in the Park City area, offering luxury real estate services backed by the power of a global brand. The founder of Inhabit Park City and a sales agent at Summit Sotheby’s International Realty, Julie aims to understand her client’s needs and lifestyles before pairing them with carefully curated options that fulfill their criteria and wishes. Julie describes herself as honest, analytical, and passionate. Utilizing market data, strong negotiation skills, and effective communication, Julie navigates Utah’s competitive real estate market with ease. She views herself as a relocation specialist and proudly shares her deep local knowledge of the area’s schools, neighborhoods, restaurants, clubs, and outdoor experiences.