>Talisker Corp. has expanded its already important presence in the Park City area, acquiring the Waldorf Astoria Hotel at the base of The Canyons Resort, which it bought in 2007.
Terms were not disclosed.
Formerly known as Dakota Mountain Lodge and part of the famed Waldorf Astoria Collection, the luxury hotel opened last summer. It has 170 rooms and condominiums, a Golden Door Spa, a restaurant and plans for a golf course.
But court records show that one of its principal developers, Lee Hindin of DuValcq Development, has encountered financial problems in the past year, apparently contributing to the change in ownership.
“We are proud to add this wonderful and complementary asset to the Talisker and Canyons properties in Park City,” Jack Bistricercq, Talisker’s chairman and CEO, said in a prepared statement. “The Waldorf Astoria will expand Talisker’s ‘Definitive Alpine Living’ experience.” Talisker is a Toronto-based real estate development and investment company. A local spokeswoman, Lisa Roskelley, added that the ownership change is not expected to result in operational changes at the hotel, whose general manager is Steve Lindburg, chairman of the Utah Board of Tourism Development.