Palm Springs, California, Hotels Will Bring Back the Palm Springs Hotel and Spa
Breitbart News is proud to announce the Palm Beach Hotels and Resorts (PBT) Hotel and Resort, a $1.2 billion project to create the world’s largest hotel and spa complex, in Palm Springs.
The $1,732 million project, to be completed in 2021, will add 5,000 luxury apartments and 4,200 rooms in five new luxury towers, along with a 3,000-room hotel and a 2,500-room spa.
The project will also include a new pedestrian bridge across the Palm Desert, with a pedestrian bridge connecting the project to the adjacent park, as well as a new landscaped walkway.
In addition to the new residential towers, the new project will include a two-acre plaza adjacent to the existing hotel complex, which will be used for events and cultural programming, as the project is designed to be a cultural hub.
“The PBT Hotel and Resort project is a win-win for the community and the hotel,” said Steve Vig, PBT’s chief executive officer.
“As we move forward, we are building a world-class resort community, and this is just the beginning of that effort.
We look forward to welcoming more of the community into our exciting new resort, as we strive to make Palm Springs the best destination for vacationers in the world.”
The project is the latest in a string of Palm Springs hotel and resort expansions in recent years.
In 2016, the hotel and resorts project was renamed The Palms Resort, and in 2018, the project was moved to the Palms National Recreation Area.
The Palm Springs Hotels project will create the largest hotel complex in the country, with more than 50 luxury apartments, an additional 6,200-square-foot spa and 5,300-square feet of retail and restaurant space.
It will also create a new park for the Palm Canyon National Park.
The Palm Springs project will be completed on the grounds of the existing PBT hotel and Resort complex, with new landscaping, a pedestrian and bike bridge, a new parking structure, and a new entrance plaza.
The PBT project is expected to generate approximately $5.6 billion in annual economic benefits.
The entire project will utilize approximately 6,000 jobs, create more than 250,000 construction jobs, and add more than 150,000 visitors to the region annually.
PBT is the first project in the state to be approved for a state-required economic development tax credit.
The credit will help fund the development of the project, while also providing a critical infrastructure investment.
The full project will support the construction of a total of 20,000 hotel rooms, including 15 luxury suites, a three-story building with retail and restaurants, and approximately 4,000 parking spaces.
The total cost of the PBT resort is estimated to be $1 billion.
Construction of the resort will begin in 2021.
“We are pleased to welcome the PBM project to Palm Springs,” said Palm Springs Mayor Tom Tugwell.
“This project is about creating a world class resort community and it is going to deliver on that promise, as this resort is truly the place to be when you are on vacation.
The economic benefits to Palm Beach will be immense, and we will be bringing new residents, visitors and tourists to the area, all in a way that makes our community stronger.”
The Palm Beach County Commission approved the Palm Hills Resort and Residences tax credit application in May.
The final details of the tax credit will be announced at a later date.
For more information on the PBBT project, please visit www.pbtpalmshotels.com or www.palmspark.org.