Ivy Palm Resort’s Multi-Phase Repositioning to Commence June 2019
Palm Springs, CA., March 11, 2019 (GLOBE NEWSWIRE) -- Ivy Palm Resort today unveiled plans for a transformational two-phase renovation updating guest rooms, lobby, outdoor pool area and restaurant into a modern, upscale hotel inspired by the resort’s heritage in downtown Palm Springs.
The renovation follows the change in hotel ownership, sold in May 2018 to owner-operator hospitality management company, Oxygen Hospitality. In addition to physical asset renovations, Oxygen Hospitality, which owns and operates a portfolio of branded and independent hotels, will rebrand the Ivy Palm Resort with a new hotel name, identity and amenities.
Phase One of the renovation -- set to begin June 2019 with an anticipated fall 2019 completion -- will tackle all 100 guest rooms and suites, two outdoor pools and public spaces, redesign of the main entrance and outside bar. Phase Two of the renovation, targeted for completion in 2020, will bring a new restaurant concept and additional rooms. The hotel will remain open during renovations and sectioned off to minimize disruption to guests at the property.
"The Ivy Palm Resort is a jewel property in the beautiful desert of Palm Springs,” said Yaron Ashkenazi, chief executive officer of Oxygen Hospitality. “Our new vision for this hotel – inside and outside – embraces the city’s rich local history of its people, architecture and design. Once repositioning is completed, the hotel will have a new name, a new look, instill the warmth of American hospitality and celebrate local influences for a first-class guest experience.”
The hotels’ redesign is inspired by this iconic city’s reputation for some of the country’s best mid-twentieth century modernism architecture. Modernism arrived in the 1930s, when actor Gary Cooper commissioned a home in Palm Springs and other actors followed suit. This history inspires the hotel's inviting redesign, which includes angular, artistic with colorful motif for the outside pool area ranging from royal blues, white and yellow. Guest room design offers a palette of clean, neutral white and cream colors -- paired with shades of aqua and complemented with sleek, rich modern wood furnishings for a desert climate. Complete guest room renovation includes bathroom remodel, all-new furnishings, beds, window treatments, artwork and technology.
Built in 1982, the four building, two-story hotel sits on approx. three lush acres situated conveniently within steps of downtown for day and nightlife experiences and nearest to the widely popular Palm Springs Aerial Tramway. The property boasts one of the largest hotel pool areas in Palm Springs and spectacular mountain views.
About Ivy Palm Resort
The Ivy Palm Resort is a 4 building, 2-story exterior corridor 100-room hotel located four miles from the Palm Springs International Airport and nearest to experiencing the world’s largest rotating tram car – Palm Springs Aerial Tramway -- with breathtaking views of Mt. San Jacinto State Park. Take pleasure visiting the sites in the heart of a dynamic downtown center – the Ivy Palm Resort is minutes away to explore by foot or car exciting shopping, art, restaurants and nightlife of this iconic California resort city. This tropical oasis with lush landscape and spectacular mountain views includes a palm-tree fringed sundeck surrounded by sparkling blue outdoor pools, spa hot tubs and soothing fountains. For more information, visit www.ivypalmresort.com.
About Oxygen Hospitality Group
Oxygen Hospitality Group, Inc., is an owner-operator hospitality company that acquires, renovates and manages a portfolio of mid- to upper scale branded and independent hotel assets in the U.S. Sunbelt and other advantageous destinations. The Company works with Registered Investment Advisors (RIAs), accredited investors and family offices looking to direct invest in capital appreciation and income-producing hotel real estate projects. These assets undergo a ‘Revive and Thrive’ value creation turnaround strategy by infusing technology into real estate and driving bottom-line results and gaining positive guest experience reviews with proven return-to-profitability management. Founded in 2017, Oxygen Hospitality is privately held and is headquartered in Phoenix, Arizona. For more information, please visit: http://www.oxygenhospitality.com and follow us on Facebook, Twitter and LinkedIn.
This press release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy securities. Offers to sell or the solicitations of offers to buy securities may only be made through official offering documents that contain important information about risks, fees and expenses.
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Media Contact:
Ruth Seigel
Oxygen Hospitality Group, Inc.
ruth@oxygenhospitality.com
602.320.4182
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