Colony Palms Hotel in Palm Springs has a new owner: Woodridge Capital Partners.
COURTESY COLONY PALMS
Colony Palms Turns Another Page
The 57-room Colony Palms Hotel in Palm Springs — infamous for its historic mob ties and movie-star guests — has a new owner: Woodridge Capital Partners.
The former Colonial House drew luminaries such as Clark Gable, Humphrey Bogart, Kirk Douglas, Frank Sinatra, and Marilyn Monroe.
After World War II, Robert and Andrea Leeds Howard bought and renamed the hotel Howard Manor. The hotel and its Academy Room supper club thrived for three decades.
In the mid-1950s, Annie and Dave Margolis acquired the hotel, retaining its famous name; former boxing champion Jack Dempsey bought a 10 percent share. Their guests included a who’s who of Hollywood.
The property changed hands a couple more times in the 1960s and ’70s. In 1999, fitness pioneer and former figure skater Sheila Cluff and her husband, Don Cluff, purchased the hotel. It reopened in 2007 as the Colony Palms Hotel after an extensive renovation in collaboration with Martyn Lawrence-Bullard of Los Angeles. It includes the popular Purple Palm Restaurant, referencing the Purple Gang mobsters associated with the property.
Woodridge, which also owns Hyatt Regency Century Plaza in Los Angeles and Fairmont hotels in Hawaii and San Francisco, reportedly paid $15 million for Colony Palms, but has not disclosed its plans for the property.
Desert Oasis Tops in Value Travel
Palm Springs again ranks as the least expensive summer destination in California, according to a lodging survey by www.cheaphotels.org. The site specifically compared hotel rates in 30 California destinations for the time frame spanning June through August 2012. Also very affordable are Anaheim, Sacramento, and Los Angeles. Laguna Beach and Santa Monica ranked among the most expensive.