Individual investors have the opportunity to own a piece of the Hard Rock Hotel Palm Springs, which is principally owned and operated by Kittridge Hotels & Resorts, LLC.
Individuals can register to view the property offering and become investors in the hotel through RealtyMogul.com, the largest online marketplace for people to pool money and invest in commercial real estate This is the first hotel to be crowdfunded by an online property marketplace.
In addition to the potential financial benefits of being an equity owner in the Hard Rock Hotel Palm Springs, individual investors in the hotel will receive VIP treatment including free use of the hotel owner poolside cabana, 25 percent discounts off the best available room rates, free room upgrades and much more.
“Hard Rock Hotel Palm Springs is excited to be delivering the first-ever crowdfunded hotel deal in the U.S. through our agreement with Realty Mogul, the leader in real estate crowdfunding,” says Andy Carpiac of Kittridge Hotels & Resorts, LLC. “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,” adds 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 announcement does not include Hard Rock International, which is not an owner of the Hard Rock Hotel Palm Springs or a party to the crowdfunding.
VIDEO: Get a quick overview of the Hard Rock Hotel Palm Springs.