Owner of Park City condotels faces $373,000 in unpaid taxes and legal battles

A stalled Canyons Village condo-hotel and the nearby Waldorf Astoria Park City have piled up about $373,000 in unpaid property taxes, interest and penalties, adding fresh strain to one of Summit County’s most closely watched resort corridors.

Wolfgramm Capital, a Texas-based real estate investment firm that operates through Beehive Hospitality-branded companies, owns The Ascent Park City and the Waldorf Astoria Park City at the base of the Frostwood Gondola. Summit County records show The Ascent owed more than $181,000 in unpaid property taxes plus more than $10,000 in interest and penalties as of Tuesday. The Waldorf Astoria property owed about $172,000 in taxes and about $9,700 in interest and penalties.

The Ascent has been under construction even though it was initially supposed to open two years ago, and the delays have now spilled into court. JRock Construction of Millcreek sued last month, saying it is owed around $310,000 for concrete work. Quality Fire Protection of Woods Cross said in an earlier lawsuit that it is owed at least $104,000 for sprinkler work. Both companies placed construction liens on the property.

A would-be buyer, Gabriel del Rio of Florida, has also sued, seeking the return of nearly $165,000 in deposits on a unit in The Ascent Park City. Wolfgramm Capital had responded to that lawsuit as of Wednesday, but had not responded to the contractor claims. The company’s attorney declined to comment on the unpaid taxes.

The tax debt matters beyond one developer’s balance sheet. In Summit County, properties that remain delinquent for four years and are not redeemed by March 15 are included in the annual real property tax sale, which the county holds online in May or June. The 2026 tax sale is scheduled for May 21. If the bills are not brought current, the county could eventually move these parcels toward that process, cutting off a stream of local revenue that helps fund public services.

The trouble also lands in a section of Park City where development has already moved slowly. Real estate development at Canyons Village was just over 50% complete in 2023, after work was paused midway to allow for workforce housing, including the nearly 1,200-bed Slopeside Village project. That same period saw TCFC Finance, the main landowner at Canyons Village, pushing for major changes, including private vehicle access to the Red Pine Lodge area from the base.

In March, the Summit County Council unanimously approved a public infrastructure district in the Canyons Village area, a financing tool that can help developers fund roads and utilities through future assessments. The broader Canyons development agreement covers about 7,768 acres in Summit County, underscoring how much is still at stake if one unfinished project keeps slipping further behind.