Exciting News: Deer Valley Resort's Massive Expansion Unveiled!

Exciting News: Deer Valley Resort's Massive Expansion Unveiled!

Deer Valley Resort Just Announced A Record Breaking Expansion

Hold onto your ski hats, as Alterra Mountain Company, the global leader in mountain operations, has just dropped a bombshell: Deer Valley Resort in Park City, Utah, is about to undergo a colossal transformation! Spanning a whopping 3,700 acres of pristine terrain in the beautiful Wasatch Mountains, this iconic ski-only destination is poised to double its skiable terrain. Plus, brace yourself for a brand-new village and portal, promising a truly unparalleled experience that cant be matched anywhere in the world. 

Under this monumental expansion plan, Deer Valley Resort is set to welcome 16 new lifts, including a state-of-the-art 10-passenger gondola, cementing its dedication to providing 5-star guest services while maintaining limited daily skier counts. And that's not all! A cutting-edge snowmaking system will ensure ideal conditions, and meticulous snow grooming will meet the legendary Deer Valley standards. The last time the resort underwent such a transformation was back in the 2007/2008 winter season when Lady Morgan Mountain added 200 acres of pure skiing bliss.

The Deer Valley Resort Expansion Will Take Place Over The Next 3 Seasons 

But here's the exciting part: the entire project will unfold over the next three seasons, with a substantial portion of the new lifts and trails expected to open as soon as the 2025/2026 winter season. When it's all said and done, Deer Valley will offer a staggering 5,726 acres of skiable terrain spread across 10 majestic mountains. This substantial investment in Deer Valley is just one piece of Alterra Mountain Company's $500 million capital program, aimed at enhancing the guest and employee experience across their portfolio of 17 world-class destinations.

Jared Smith, the President & CEO of Alterra Mountain Company, says it best, "We're dedicated to investing in projects that provide unique experiences in breathtaking locations, and this project is the epitome of that commitment. Deer Valley has long been an internationally renowned resort, and this project will deliver more of what it's always been known for – impeccable service, an exceptional ski-only experience, and culinary offerings that set industry standards."

The new terrain and village will be seamlessly accessed through a new portal via U.S. Route 40, establishing a significant eastern entry point for convenient access from nearly every direction. In collaboration with the esteemed luxury real estate developer, Extell, this village and portal will feature over 1,200 new parking spaces and a new skier services facility offering premium ski school, equipment rentals, retail, and delectable dining options.

The Deer Valley Expansion Will Offer 5,726 Acres Of Skiable Terrain

Gary Barnett, Founder & Chairman of Extell Development Company, adds, "Deer Valley Resort is globally recognized for its unique approach to top-tier service. We're committed to building on their well-deserved reputation and legacy by attracting some of the world's best brands and elevating the living experience with luxury residences featuring exquisite architecture and design. This partnership with Deer Valley brings together two of the very best in the real estate, service, and hospitality business, and we look forward to creating the crown jewel of Utah." In addition to the ski-specific amenities, the new village will boast over 800 hotel rooms across multiple properties, nearly 1,700 residential units, 250,000 square feet of retail and commercial space, and a sprawling 68,000-square-foot recreation center. What's more, this multifaceted development is expected to generate approximately 2,000 new job opportunities within the Deer Valley community.

Todd Bennett, President & COO of Deer Valley Resort, emphasizes, "Deer Valley Resort is committed to building upon our legacy as one of the world's most exceptional ski areas while staying true to our founding principles created over four decades ago. This expansion will facilitate even better access to the resort for our guests while offering a substantial increase in world-class amenities consistent with the resort's original vision."

Prepare yourself for an unforgettable skiing experience at Deer Valley Resort, where the mountains are bigger, the village is grander, and the luxury is beyond compare. For more information on this spectacular expansion project, visit here. If you would like to lean more about the real estate investment opportunities that come along with the expansion, reach out to Railton North + Co | Homes Park City here!

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