California CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Oxygen Hospitality Acquires The Ivy Palm Resort & Spa in Palm Springs
Oxygen Hospitality Group acquired The Ivy Palm Resort & Spa in Palm Springs. The four-building, two-story, 100-room independent, boutique hotel is the first acquisition of the Arizona-based investor.
Following minor property renovations with extensive asset management restructuring, Oxygen Hospitality will implement a second phase redevelopment plan to transform the roughly three-acre property into a hip, tech-forward boutique hotel. Located at 2000 N. Palm Canyon Dr., the 1982-built property is situated at the north end of the city’s downtown.
Oxygen Hospitality’s Yaron Ashkenazi says, “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.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


