{"id":1004232212,"date":"2018-05-29T08:29:28","date_gmt":"2018-05-29T16:29:28","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004232212"},"modified":"2022-12-08T20:17:11","modified_gmt":"2022-12-09T04:17:11","slug":"oxygen-hospitality-group-buys-palm-springs-hotel","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/oxygen-hospitality-group-buys-palm-springs-hotel\/","title":{"rendered":"Oxygen Hospitality Group Buys Palm Springs Hotel"},"content":{"rendered":"<p>By Alex Ciorogar<\/p>\n<div id=\"attachment_1004232214\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/The-Ivy-Resort-Spa.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004232214\" data-attachment-id=\"1004232214\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/oxygen-hospitality-group-buys-palm-springs-hotel\/the-ivy-resort-spa\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/The-Ivy-Resort-Spa.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;16&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;Canon EOS 5D Mark III&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1485628393&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;24&quot;,&quot;iso&quot;:&quot;320&quot;,&quot;shutter_speed&quot;:&quot;3.2&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"The Ivy Resort &#038; Spa\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;The Ivy Resort &#038; Spa&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/The-Ivy-Resort-Spa.jpg?w=800\" class=\"wp-image-1004232214 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/The-Ivy-Resort-Spa.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/The-Ivy-Resort-Spa.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/The-Ivy-Resort-Spa.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/The-Ivy-Resort-Spa.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004232214\" class=\"wp-caption-text\">The Ivy Palm Resort &amp; Spa<\/p><\/div>\n<p>Oxygen Hospitality Group\u2014a real estate investment and management company\u2014has bought The Ivy Palm Resort &amp; Spa, a four-building independent, boutique hotel in Palm Springs, Calif., marking the company\u2019s first acquisition.<\/p>\n<p>Located at 2000 N. Palm Canyon Drive, the two-story property will be subject to minor improvements. However, the company will also implement a second phase redevelopment to transform the 100-key <a href=\"https:\/\/www.commercialsearch.com\/news\/hospitality-gains-momentum-in-2018\/\">hotel into a tech-driven asset<\/a>. Built in 1982, the property spreads across a three-acre site. Common-area amenities include:<\/p>\n<ul>\n<li>two outdoor pools<\/li>\n<li>spa hot tubs<\/li>\n<li>business center<\/li>\n<li>restaurant<\/li>\n<li>laundry services<\/li>\n<li>conference room<\/li>\n<li>free Wi-Fi<\/li>\n<\/ul>\n<p><em>\u201cThe Ivy Palm Resort &amp; 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\u2019s layout and structure have all the redevelopment 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,\u201d <\/em>said Yarn Ashkenazi, CEO &amp; co-founder of Oxygen Hospitality, in a prepared statement.<\/p>\n<p><em>Image courtesy of Oxygen Hospitality<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Located at 2000 N. Palm Canyon Drive, the 100-key Ivy Palm Resort &amp; Spa will be subject to a series of tech-drive redevelopments.<\/p>\n","protected":false},"author":928,"featured_media":1004232214,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21751,21783,1594,21742,15],"tags":[40492],"class_list":["post-1004232212","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-hotel","category-investment","category-los-angeles","category-latest","category-west","tag-oxygen-hospitality-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Oxygen Hospitality Group Buys Palm Springs Hotel - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/oxygen-hospitality-group-buys-palm-springs-hotel\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oxygen Hospitality Group Buys Palm Springs Hotel\" \/>\n<meta property=\"og:description\" content=\"Located at 2000 N. Palm Canyon Drive, the 100-key Ivy Palm Resort &amp; Spa will be subject to a series of tech-drive redevelopments.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/oxygen-hospitality-group-buys-palm-springs-hotel\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-05-29T16:29:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T04:17:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/The-Ivy-Resort-Spa.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alex Ciorogar\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/oxygen-hospitality-group-buys-palm-springs-hotel\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/oxygen-hospitality-group-buys-palm-springs-hotel\/\",\"name\":\"Oxygen Hospitality Group Buys Palm Springs Hotel - 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