“I think what you are going to get is not only a well-rounded experience, but also a resort you can ski at for numerous days,” Kurt says, in regard to the new, multi-level terrain.
Extell will develop and run the expansion’s hotel operations and real estate sales in the former Mayflower area. The new base area will feature multiple luxury and lifestyle-branded hotels, more than 1,800 private residences, 250,000 square feet of retail and commercial space, and 68,000 square feet for a recreation center. In November 2023, Extell announced its new conference hotel, called Grand Hyatt Deer Valley.
For the community of Park City and its neighbors, the expansion will create approximately 2,000 new job opportunities. Skiers can access the new resort area from U.S. Route 40, keeping skier traffic off the primary corridors into Park City. The new base area is also projected to add 1,200 day-skier parking spaces.
As part of the project, Extell has committed to providing more workforce housing than required by the Military Installation Development Authority, with up to 660 residences. “Workforce housing was very important to us, and we not only exceeded our workforce housing requirements, but we killed it. Because we want those workers here and because we want them to be part of the community,” Kurt says.
Another community benefit of the expansion is the addition of new hiking and biking trails. By the end of fall 2023, 21 miles were built, with a plan for 50 total miles of trail that are free and open to the public.
“Military Installation Development Authority, Wasatch County, Deer Valley, Alterra, the state of Utah, Extell, Hyatt and several other hotel brands, have really come together to make this possible,” Kurt says. “For a community to have this singular vision is really exciting — I really give a lot of credit to them.”