Washington School House Boutique Hotel Lists for $24.75 Million, Tied to 2034 Winter Olympics

TL;DR: The Washington School House boutique hotel is listed for $24.75 million. Its marketing materials cite an eight‑year window until the 2034 Winter Olympics as a strategic investment catalyst.

Context: Nestled on upper Park Avenue in Old Town, the property sits a block from Main Street and within walking distance of Park City Mountain and Deer Valley Resort. The 12‑bedroom, 15‑bath building has been on the market for roughly two years and offers immediate access to ski lifts, hiking trails, and mountain‑bike routes. Its location makes it a natural hub for visitors during major events.

Key Facts: The asking price is $24.75 million. The listing’s “Investment Case” section notes an eight‑year timeline to the 2034 Winter Olympics, stating that buyers can position the asset ahead of expected global demand. Listing agent Abbey Drummond reports that many clients inquire about the property specifically because of the upcoming Games.

What It Means: By linking the sale to the 2034 Olympics, the seller is tapping into a narrative that has historically driven price growth in host‑city real estate. Whether the premium holds will depend on how broadly buyers adopt the Olympic timeline as a valuation driver and on actual demand patterns as the event approaches.

Watch for future listings in Park City that explicitly reference the 2034 Winter Olympics and for any shifts in transaction volume or pricing trends as the eight‑year window progresses.