RRA Capital provided a successful acquisition loan for an upscale hospitality property in the charming oasis of Palm Springs, CA. This reimagined 66-key resort was originally built in 1966 and is now entrusted to a reputable boutique hospitality expert.

RRA Capital provided a non-recourse $10.3 million acquisition loan with extension options. This strategic financing includes provisions for completing a comprehensive property improvement plan and general capital expenditures, ensuring a redefined guest experience.

The renovation will bring upgraded amenities, catering to guests seeking to take advantage of Palm Springs’s idyllic surroundings. A breakfast dining area, outdoor bar and service area, bicycles, lawn games, market pantry, and a stylish lobby workstation will complement the resort's existing features, including a resort-style whirlpool and updated architecture.

Situated in the heart of the popular retirement and vacation destination of Palm Springs, the resort is poised for success. The region's winter influx, with a population tripling between November and March, creates fertile ground for occupancy growth and competitive daily rates.

RRA Capital's acquisition loan has brought a new life to this historic Palm Springs resort, paving the way for an enchanting blend of old-world allure and contemporary luxury. As the property stands ready to welcome new guests, the RRA Capital team celebrates yet another successful collaboration with a seasoned sponsor.