Large New Luxury Timeshare-Hotel Planned In Old Part Of Park City

Work has begun on a timeshare hotel in the old part of Park City, and it's unusual in several respects.

Called The Sky Lodge, it's the first such timeshare hotel in that part of Park City, which was created in the mining days and still has many original buildings. The 76 timeshare units have been sold in five shares, with the maximum prices hitting $2,000 a square foot. That price is on par with Aspen, reports the developer, Bill Shoaf. Fifty percent of the timeshare units have been pre-sold.

Second, because it is surrounded by older buildings, the developer was forced to accommodate them by step-backs in the hotel's height. Among the other buildings are an old railroad depot, a coal and lumber station, and even a tack shed that, in a curious shift, is to be moved and transformed into a Japanese-inspired spa.

The project is expected to yield $3.9 million directly and indirectly in taxes for the town. In addition, for every timeshare unit sold, the developer has committed $1,000 to the Performing Arts Foundation. Shoaf told The Park Record that such properties should be active participants in their communities. Timeshares do help the community.