Oxygen Hospitality acquires Ivy Palm Resort & Spa in Palm Springs, Ca.
Staff Writer |
Oxygen Hospitality Group announced the acquisition of The Ivy Palm Resort & Spa in Palm Springs, California.
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The 4-building, 2-story, 100-room independent, boutique hotel is the first acquisition of Arizona-based Oxygen Hospitality, a real estate investment and management company looking to grow a portfolio of branded and independent hotels in the Sun Belt and other U.S. destinations.
Following minor property renovations with extensive asset management restructuring, Oxygen Hospitality will implement a second phase redevelopment plan to transform the property into a hip, tech-forward boutique hotel that complements Palm Springs.
The Ivy Palm Resort & Spa, located at 2000 N. Palm Canyon Drive, is situated conveniently at the north end of the city’s downtown.
The hotel will help fulfill the strong demand for exceptional accommodations for travelers visiting the Southern California desert oasis.
Known for hot springs, stylish hotels, golf courses and spas, Palm Springs is a hip destination with a wide range of year-round events including food and music festivals such as Coachella and Stagecoach, Modernism Week, golf and weekend getaways from neighboring Los Angeles and more.
Built in 1982, the hotel sits on approximately 3 acres centered at the entrance of the city’s north end from the heavily traveled Highway I-10.
The property features two outdoor pools, spa hot tubs, business center, a restaurant serving a fresh buffet-style breakfast, guest laundry services, conference room and 100-person event space. Every room includes high speed Wi-Fi, flat screen TV and a refrigerator. ■
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