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Hotel Developer Inks Deal with Hyatt

PALM SPRINGS, CA—Hyatt's Andaz resort hotel brand signs a long-term management lease with Rael Development Corp. for its 150-room hotel development under construction in Downtown Palm Springs.

By Kelsi Maree Borland | Updated on March 27, 2015

PALM SPRINGS, CA—Hyatt‘s sister brand Andaz has signed a long-term management lease agreement with Rael Development Corp. for a 150-room hotel development currently under construction in Downtown Palm Springs. The terms of the lease were not disclosed. The hotel will be named the Andaz Palm Springs, and is expected to open in late 2016.

“Downtown Palm Springs really has grown in its retail offerings over the last five years, and we have seen the emergence of an upgraded hotel stock during that period as well,” Kimo Bertram, VP of real estate and development in the Americas at Hyatt, tells GlobeSt.com. “As a result, we have seen Palm Springs reemerge as the urban destination within the Coachella Valley. We were very excited that we could offer an urban leisure destination in the Coachella Valley that resonates with our Andaz guests, who is looking for a little more energy out of a hotel stay than some of the traditional resorts in the valley.”

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