FOXDEN HOSPITALITY COMPLETES RECORD SALE OF DIVE PALM SPRINGS

The $5.15M sale of Dive marks the greatest recorded price in Palm Springs background on a value for each vital basis

PALM SPRINGS, Calif., May perhaps 18, 2022 /PRNewswire/ — Nowadays, Foxden Hospitality, the California-centered luxury hospitality management corporation, introduced the sale of its boutique Lodge, Dive Palm Springs, to Mariners Team for $5.15 million. This substantial sale, at $468,000 for every vital, marks the best recorded selling price in historical past for any hotel in Palm Springs and the encompassing Coachella Valley.

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Dive Palm Springs emerged in 2019 to significant acclaim adhering to a renovation led by Foxden founders Dale & Brookelyn Fox, GM Abdi Manavi, and Inside Designer Vanessa Schreiber. Transporting attendees back to the casual elegance of St Tropez in the ’60s, the award-successful, 11-area home has turn into renowned as 1 of the most desirable destinations, combining primary murals and vintage artwork, modern day visitor rooms, an authentic Libott swimming pool and a 50 percent-acre of personal verdant grounds. Dive accelerated its progress irrespective of the pandemic, registering just one of the best occupancy and ADR of any Palm Springs hotel throughout 2020 and 2021.

“Generating Dive was one particular of the greatest joys of my job” responses Dale Fox, Founder and CEO of Foxden Hospitality. “It was a deep expression of my personalized enthusiasm for hospitality and for style. It really is my satisfaction to see our beloved resort find this sort of a good new household with Mariners Group”

Inspite of numerous bids, Foxden agreed on the sale with Mariners Team dependent on its comprehensive expertise in the hospitality sector and current existence in the Palm Springs market place.

“When we uncovered Dive, we felt it was the perfect addition to our developing hospitality team. The design principle compliments our other Palm Springs resort, Talavera, and we plan to construct on the great momentum and reputation now set up by Foxden Hospitality,” mentioned April Smith of Mariners Team.

“The notice to element and considerate strategy by Foxden Hospitality is what authorized Dive Palm Springs to trade at a report price,” adds Adam Gilbert, President, The Company. “Dive stands out from the group as the suitable way to do hospitality by carving out a substantial-close niche concentrated on a discerning traveler who appreciates both of those model and magnificence.”

Founded in 2019 by entrepreneurial spouse and wife, Dale and Brookelyn Fox, Foxden Hospitality is a curated collection of architectural gems set in legendary California areas. Visitors can decide amongst jaw-dropping attributes in Joshua Tree, primary areas in Palm Springs, and a intimate bungalow in the coronary heart of Venice Beach front. Foxden’s assorted assortment of accommodations not only satisfies differing tastes, demands and events, but additional gets rid of the stresses of scouring by means of rental and lodge sites for luxurious destinations.

“We have a number of new jobs on the way and seem forward to keep on establishing other wonderful style and design-centered hospitality concepts in powerful marketplaces for several years to come,” feedback Brookelyn Fox, co-Founder of Foxden Hospitality.

www.foxden.com I Instagram: @FoxdenHospitality

Media Contacts: Bacchus Company, [email protected], [email protected]

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