The Promontory Club in Park City, UT has reached a tentative agreement with a group of investors led by Credit Suisse to sell its operating and development companies to the Swiss investment group.

Pivotal development group, which owns the Promontory Club, expects the deal to close in February. The price has not been announced.

Promontory Club is planned to include about 1,924 units on 7,000 acres. It has sold about 800 homesites and currently has a Pete Dye and a Jack Nicklaus golf course completed.

For information on real estate at Promontory Club, or anywhere else in Park City, please see www.unlockparkcity.com.

This entry was posted on Friday, February 8th, 2008 at 5:19 pm and is filed under About Park City, Business, News, Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.