HomeMy WebLinkAbout2A - PresentationReview of
Hotel
Operations
Covenant
PS Propco, LLC
for LifeHouse Palm Springs
Palm Springs City Council
April 11, 2024
Prepared by: Office of Economic
Development
Item 2A - 1
Overview
N
LifeHouse Palm Springs is a
boutique hotel, with a MCM
theme, taking over the old
Roadway Inn
1700 S Palm Canyon Drive in
South Palm Springs, (no
neighborhood affiliation as of
yet)
66 guest rooms, pool, office,
grounds & on-site F&B
Owner: PS Propco, LLC
Emmet Austin
Item 2A - 2
Improvements include
Guest room interior & case goods
Guestroom restroom upgrades
Guestroom soft goods
Guest room tech experience
Lobby and check-in technology
Guest wayfinding
Branding and interior design
Item 2A - 3
Improvements include
Guest room interior & case goods
Guestroom restroom upgrades
Guestroom soft goods
Guest room tech experience
Lobby and check-in technology
Guest wayfinding
Branding and interior design
Item 2A - 4
Improvements include
Signage
Lobby remodel
Paint and balcony rail covers
Addition of public art
Pool deck & pool cabanas
Outdoor seating
Outdoor dining & outdoor bar
Item 2A - 5
Improvements include
Signage
Lobby remodel
Paint and balcony rail covers
Addition of public art
Pool deck & pool cabanas
Outdoor seating
Outdoor dining & outdoor bar
Item 2A - 6
Financial
summary Aggregate project cost must total > $5,000/room of improvements; base $49,872
LifeHouse Palm Springs documented $3,685,657 of reimbursable expenses ($55,843/rm)
Reimbursed over 10 years or total of project costs, whichever is reached first
Sales tax impact approximately: ~$160,500/annually
Item 2A - 7