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Pendry Park City Residences

Pendry Park City ($2M–$8M+, Canyons Village, ski-in/ski-out) is Montage International’s boutique-luxury brand at the same Park City base area as the Waldorf Astoria. More design-forward and contemporary than the Waldorf’s traditional aesthetic. Utah’s 4.85% flat income tax and 30...

Building Snapshot

Pendry: Montage’s Boutique Alternative to Waldorf

Pendry Hotels & Resorts is the boutique-luxury brand of Montage International — designed for a younger, more design-forward buyer profile than the Waldorf Astoria’s traditional hospitality aesthetic. Pendry’s identity: contemporary design, cultural programming (music, art, food), and a social-scene orientation that feels more like a curated boutique hotel than a legacy hospitality brand. For Park City: the Pendry buyer is typically 5–15 years younger than the Waldorf buyer, more design-conscious, and more interested in the après-ski social programming than in the traditional hotel service model. Montage’s parent company ownership provides the same financial stability as Pendry West Hollywood ($2M–$12M+) — the brand’s West Hollywood delivery is the most relevant reference for Pendry’s residential quality.

New Construction in Canyons Village

Pendry Park City’s new construction status creates both opportunity and risk relative to the established Waldorf Astoria in the same Canyons Village base area: (1) Opportunity: new construction means modern engineering, current design standards, and the newest amenity infrastructure in the Canyons Village base area. The first buyer captures the novelty premium and the building’s inaugural condition. (2) Risk: pre-construction or new construction purchases carry developer execution risk and delivery timeline uncertainty. Utah does not have Florida’s mandatory deposit escrow protections — confirm the specific deposit escrow arrangements in the purchase agreement. (3) HOA: the HOA will be developer-controlled until the statutory transition threshold is reached. Budget for post-transition dues increases as the owner-elected board adjusts from the developer’s initial budget.

Park City Branded Choice: Pendry vs Waldorf

For buyers who have decided on Park City’s Canyons Village as their target: Waldorf Astoria Park City ($1.5M–$6M+, established, Hilton brand, traditional luxury) and Pendry Park City ($2M–$8M+, newer, Montage boutique brand, contemporary design) are the two primary branded options at the same ski-access point. The Waldorf provides the lower-risk option (established operation, known HOA, proven resale market). Pendry provides the higher-growth-potential option (new construction premium, design differentiation, potentially stronger appeal to the next generation of UHNW buyers).

Utah Tax and Access Context

Same as Waldorf Astoria Park City: Utah’s 4.85% flat income tax, 30-minute access from Salt Lake City International Airport, and Park City Mountain Resort’s 7,300+ skiable acres on Vail Resorts’ Epic Pass. The tax and access advantages are shared with the Waldorf — the choice between the two buildings is a brand and design preference decision, not a location or tax decision.

Own Luxury Homes® Related: Hub — Ski Resort Branded Residences — Due Diligence — Premium Analysis

Frequently Asked Questions

What is Pendry Park City?

A boutique-luxury branded residence in Park City’s Canyons Village with ski-in/ski-out access. Pendry is the boutique brand of Montage Hotels & Resorts — more contemporary and design-forward than the Waldorf Astoria’s traditional hospitality aesthetic.

How does Pendry compare to Waldorf Astoria in Park City?

Same base area (Canyons Village), same ski access, same Utah tax environment. Pendry: newer, boutique-contemporary, Montage brand. Waldorf: established, traditional-luxury, Hilton brand. The choice is brand and design preference, not location.

What is the price range?

Approximately $2M–$8M+ based on announced pricing. Positioned above Waldorf Astoria Park City to reflect the boutique premium and newer construction.

Does Pendry have a residential track record?

Pendry Residences West Hollywood (40 units, $2M–$12M+, completed 2021) is the brand’s most relevant residential reference. Montage’s parent company ownership provides the financial and quality backing.

Disclaimer: Own Luxury Homes® is not affiliated with, endorsed by, or acting as agent for any brand, developer, or property referenced on this page. Brand and building names are used for identification purposes only.

Montage’s Dual-Brand Strategy in Park City

Montage International operates two hotel brands in the Park City market: the Pendry (boutique-luxury, contemporary design, social programming) and potentially the Montage flag brand at Deer Valley (ultra-luxury, traditional resort). Understanding the dual-brand strategy helps buyers position within the right brand tier: (1) Pendry is the brand for the buyer who wants contemporary design, cultural programming, and a social atmosphere — the ski-town version of Pendry West Hollywood’s Sunset Strip energy. (2) Montage (if Deer Valley is confirmed) is the brand for the buyer who wants Deer Valley’s European-style ski culture, traditional luxury, and the most exclusive mountain in the Park City area. The specialist’s knowledge of both brands’ positioning helps the buyer make the right brand-tier decision before committing capital to either building.