Table of Contents
Who owns the Palm Springs hotel?
A company registered under his name, Colony Palms LLC, assumed ownership of the hotel on Nov. 17, 2020. His company borrowed $7 million against the property on that same date from a Salt Lake City-based investment firm.
Who owns La Quinta Palm Springs?
Both La Quinta Resort & Club and PGA WEST were acquired by the Morgan Stanley Real Estate Fund, the real estate investment fund of Morgan Stanley, in 2007. In 2011, lenders including Paulson & Co., Winthrop Realty Trust and Capital Trust foreclosed on 8 of the former CNL hotels.
How did La Quinta resort get its name?
As travel to the desert became easier, Los Angeles residents began making trips to the area. When La Quinta incorporated on May 1, 1982, it was named for the La Quinta Resort which had been established in 1926. Quick FAQ’s: La Quinta in Spanish means “the fifth;” also “quinta” is a type of hacienda.
What was Palm Springs before?
Palm Springs (back then known as Agua Caliente, meaning hot water, then Palm Valley and finally Palm Springs, incorporated as a city in 1938) was discovered by a government survey team sent out to find a railroad route to the Pacific in 1853, for what would come to be, Southern Pacific Railroad.
What was the Margaritaville Hotel in Palm Springs before?
The Riviera, a historic Palm Springs hotel that once was a choice hangout for members of the Rat Pack, is being transformed into a Margaritaville resort.
Who owns the Waldorf Astoria Palm Springs?
Singapore’s sovereign wealth fund GIC has sold the La Quinta Resort & Club and PGA West, a Waldorf Astoria Resort, near Palm Springs, Calif. to Blackstone Group for an undisclosed amount. The hotel sale is part of a previous deal for Blackstone to buy three resorts from GIC.
How long ago was the Coachella Valley under water?
Ten million years ago, the Imperial Valley did not exist. In its place, the Gulf of California extended inland to the Coachella Valley, well past its current limits south of the border. Beneath the surface of this flooded expanse, ancient corals, shellfish and oysters, and large marine mammals thrived.
Where was the first La Quinta Inn?
San Antonio, Texas
Real estate entrepreneur Sam Barshop (1929–2013) and his brother Phil (1935–1998) opened the first La Quinta in San Antonio, Texas, in 1968, across the street from the site of HemisFair ’68 World’s Fair.
What made Palm Springs famous?
Palm Springs became popular with movie stars in the 1930s and estate building expanded into the Movie Colony neighborhoods, Tahquitz River Estates, and Las Palmas neighborhoods. Actors Charles Farrell and Ralph Bellamy opened the Racquet Club in 1934 and Pearl McCallum opened the Tennis Club in 1937.
Why is Palm Springs special?
A popular resort city for many years, Palm Springs is known for its natural hot springs, hotels, restaurants, golf courses, and sunny weather. It’s been a favorite destination for Hollywood stars since the 1930s, and many celebrities maintain homes in the Palm Springs area.
What did Margaritaville Palm Springs used to be called?
the Riviera
The property was formerly the Riviera, built in the 1950s and known as a hangout for the Rat Pack. The newly refreshed resort sits on 16 acres and offers 398 rooms with private patios and terraces.
What did the Margaritaville Palm Springs used to be?
The Riviera
The Riviera, a historic Palm Springs hotel that once was a choice hangout for members of the Rat Pack, is being transformed into a Margaritaville resort.
Who bought the La Quinta resort?
Blackstone Group
Singapore’s sovereign wealth fund GIC has sold the La Quinta Resort & Club and PGA West, a Waldorf Astoria Resort, near Palm Springs, Calif. to Blackstone Group for an undisclosed amount. The hotel sale is part of a previous deal for Blackstone to buy three resorts from GIC.