In a most unusual hotel maneuver, Realty Mogul announced today (via press release) that it is offering anyone with the cash a chance to buy pieces of the hip and happening Hard Rock Hotel Palm Springs, which is principally owned and operated by Kittridge Hotels & Resorts, LLC.
If you want to own a piece of the Rock you should view the property and register at: https://www.realtymogul.com/own-the-hard-rock-hotel-palm-springs. The unique offer is actually the first of its kind to create a crowd funded on line property marketplace.
Slices come with perks such as VIP privileges for free use of the poolside cabana, 25% discounts off the best available room rates, free room upgrades and more. Today’s announcement couldn’t be better timed. The Desert is at the height of the 2014 Coachella Valley Music and Arts Festival where more than 100,000 music fans are rocking and rolling. And, Hard Rock Hotel Palm Springs is the host hotel for the LED Day Club pool parties during festival weekends in partnership with Goldenvoice and their EDM Division, LED.
“Hard Rock Hotel Palm Springs is excited to be delivering the first-ever crowd funded hotel deal in the U.S. through our agreement with Realty Mogul, the leader in real estate crowd funding,” said Andy Carpiac of Kittridge Hotels & Resorts, LLC. “Our staff is passionate about delivering an incredible customer service experience from the moment our guests arrive. The individual investors who participate in the crowdfunding opportunity now listed on Realty Mogul will be able to experience firsthand what’s special about this hotel, and enjoy the potential financial benefits and other benefits of being a hotel owner.”
“Providing more people with access to quality investments like the Hard Rock Hotel Palm Springs is at the heart of what our online platform is all about,” said Jay Samit, Realty Mogul executive chairman. “Through the Realty Mogul marketplace, people have an easy way to diversify their investment portfolios into commercial real estate and participate in opportunities previously available only to a select few.”
The 163-room Hard Rock Hotel Palm Springs is a music-cemtric luxury resort located in the heart of downtown Palm Springs. Hard Rock International is not an owner of the Hard Rock Hotel Palm Springs or a party to the crowd funding announced today.