Oxygen Hospitality Acquires The Ivy Palm Resort & Spa in Palm Springs, California

USA, Phoenix, Arizona. May 31, 2018

Oxygen Hospitality Group has announced the acquisition of The Ivy Palm Resort & Spa in
Palm Springs, California. 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.

According to Yaron Ashkenazi, CEO and Co-Founder of Oxygen
Hospitality, “The Ivy Palm Resort & Spa is a perfect canvas to
showcase how we plan to differentiate our brand of hotel ownership and
operational management in markets that exhibit strong growth. The
hotel's layout and structure have all the re-development potential
required to bring it back to profitability and into an exceptionally
modern and upscale boutique property certain to be popular to U.S. and
global tourists alike.”

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.

Leading Oxygen Hospitality is Ashkenazi, an award-winning, international hotelier who joined the Company from Germany, where he led the country's second largest hotel management group. Renowned hotel brands under his management included largely Wyndham Hotels.

Business Contact:

Subscribe to our newsletter
for more Hotel Newswire articles

Related News

Choose a Social Network!

The social network you are looking for is not available.

Close
Coming up in March 1970...