Mormon Church

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The Mormon Church Purchases Another Hotel, This Time In Park City

a sign on a stone post

I wrote last June about the Mormon Church purchasing a Marriott Residence Inn in Maui for $100 million. The Mormon Church’s real estate division, Property Reserve Inc., has purchased another hotel – this time in Park City, Utah. The Peaks Hotel is valued at a little over $6 million according to property records. The former…

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The Mormon Church purchases a Marriott Residence Inn in Maui for $100 million

a group of people on a beach with umbrellas

The real estate division of the Mormon church purchased the Residence Inn in Maui Wailea for $100 million. 75 Wailea Ike Drive LLC, an affiliate of Laie-based Hawaii Reserves Inc. and Salt Lake City-based Property Reserve, closed on the acquisition of the 200-room limited-service hotel on 6.4 acres mauka of the Grand Wailea Maui, A…

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