PARK CITY, Utah — Park City, Utah-based fintech billionaire and developer/seller of the notorious $65 million-listed trophy home in Deer Valley (featured in the 2025 HBO Films “Mountainhead” starring Steve Carell) that clinched a record price in 2024 has set his sights on a new investment property. Doug Bergeron, with counsel from his legal team, is preparing a bid on Wohali, the private club development on the scenic outskirts of Park City that filed Chapter 11 bankruptcy earlier this month in federal court with an estimated $100 million and $500 million owed to creditors.
The ambitious, savvy investor and philanthropist is no stranger to transforming fledgling businesses into goldmines. In 2001, Bergeron led the acquisition of Verifone from Hewlett-Packard, which was purchased for $50 million. As the company’s chairman and CEO, he aggressively transformed the company into the globally ubiquitous payment and commerce powerhouse it is today. Consumers worldwide swipe their credit cards on Verifone systems multiple times daily. When Bergeron departed VerIfone a decade later, its value was an astounding 100 times greater at $5 billion.
It’s no secret that Park City has become a world-class coveted destination, and its momentum is gaining strength with Deer Valley’s robust ski resort expansion and the 2034 Winter Olympics on the horizon. Private club developments are thriving; with proper resources, vision, and amenities Wohali has the great potential to become an equally sought-after, mountain community that also boasts private backcountry access. Bergeron is in early discussions with two luxury hotel groups and Real Estate Investment Trusts (REIT) about financing a name-brand luxury hotel resort with a spa, multiple five-star restaurants, and a golf clubhouse at Wohali. In a departure from other private club communities in the area, his vision is to create a social membership program for which property ownership is not required. Under his ownership, memberships to the David Boyden-designed, 18-hole destination golf course will be available to the public, and day players will be welcome as they are at prestigious courses like Pebble Beach in California and Bandon Dunes in Oregon.
“As a Park City resident, I care about the success of businesses in our community, and I want to ensure Wohali will thrive by offering an unparalleled lifestyle,” said Bergeron. “Wohali owners have lost confidence in their investment, and local vendors are owed significant sums that can break a small business. Contractors must be paid what they are owed, and members need restored faith in the vibrant future of this community.”
Currently, Bergeron is the founder and sole shareholder of DGB Investments, a diversified holding company of technology and real estate investments. He also serves as Chairman of the Board of Cantaloupe, Inc. (Nasdaq: CTLP) and is a member of the Board of Directors of Metateq and Zact.
A permanent member of the Council on Foreign Relations and a five-time invited delegate to the World Economic Forum in Davos, Bergeron has been a frequent guest on CNBC and Fox Business.