Palm Desert’s new Paseo Hotel, a 150-room luxury boutique hotel operating under the Autograph Collection by Marriott brand, opened in May 2018. Developed by West River Development, the 3-story hotel includes an array of public amenities, including a full-service spa, pool and patio bar, coffee shop, and an adjoining restaurant / bar “AC3”. The spacious outdoor area also features a firepit, along with a stage and lawn for concerts, weddings and other special events.
Hotel Paseo’s opening was greatly anticipated by city officials and businesses, and was a welcome addition to the El Paseo, the City’s high-end shopping district also known as The Rodeo Drive of the Desert.
Keyser Marston was the economic advisor to the City of Palm Desert and evaluated the project’s development economics; KMA’s analysis quantified the feasibility gap and helped inform the City as to a warranted public subsidy. The $36M project was also partially financed using EB-5 funds.