A group of business entities sharing the same Southern California address has quietly snapped up four Main Street properties since March, a buying spree that quickly made the umbrella owner one of the most important players on the street.

According to Summit County property records, the transactions included:

  • the Imperial Hotel, which went to a business entity called Imperial Hotel Resort Group LLC. The deal was finalized June 2.
  • a vacant lot at 205 Main St., next to the Imperial Hotel, which is now owned by a business entity called 205 Main Street Group LLC. The deal was finalized June 6.
  • a building at 692 Main St., where Marriott Ownership Resorts once had space. The deal was finalized on March 17. The buyer is a business entity called 692 Main Street Investors LLC.
  • a majority of the units in the Silver Queen Hotel went to a firm known as Silver Queen Resort Group LLC. The deal is dated May 4.

    A figure listed as a contact on one of the properties, Ken Abdalla, did not immediately return a phone message seeking comment.

    The Summit County Assessor’s Office values the properties at nearly $8.9 million combined. Joe Wrona, a Park City attorney who represents the buyer, said the price tag reached into the "millions of dollars," but he declined to discuss specifics.

    Wrona said Abdalla and his family owns or controls each of the business entities that acquired the properties. Abdalla’s has a Wall Street background and he is an entrepreneur, Wrona said. The Abdalla family lives in Deer Crest and recently moved to Park City, Wrona said.

    "He’s acquired these properties to redevelop them in a manner he thinks will be very exciting," Wrona said.

    The transactions for the Imperial Hotel and the units in the Silver Queen Hotel are especially noteworthy. Lenders took control of each of the properties in recent years as the owners encountered financial difficulties. The Imperial Hotel has sat vacant for years while the Silver Queen Hotel, located at the high-profile Main Street-Heber Avenue intersection, is among the largest buildings on the street.

    The deals for the Imperial Hotel and the vacant lot next door had been publicized previously, but it was not clear at the time that the buyer was involved in the other properties. The others have not been widely publicized.

    In making the purchases, the Southern California firm becomes a major figure on Main Street, controlling properties that stretch from close to the bottom of the street to close to the top. The deals also show confidence in Main Street and Park City’s wider economy as both continue to suffer lingering effects from the recession.

    The investment in existing properties on Main Street is believed to be the largest in ambition since an Arizona firm amassed a portfolio of properties in the years before the recession. The firm from Arizona, though, abandoned most of its plans for Main Street as the economy faltered. The Imperial Hotel was among the Arizona firm’s holdings.