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Real estate investment crowdfunding platform Realty Mogul is offering up a unique opportunity today. Individual investors now have a chance to purchase a piece of the Hard Rock Hotel in Palm Springs, California. The 163 room resorted is located in the heart of Palm Springs – boasting a spa, restaurants and of course year round sunshine.
This high profile listing not only offers financial returns but participants also will capture some perks as well. In this hybrid listing registered investors who purchase shares in the company will also receive VIP benefits plus discounts off of rooms, free upgrades and more. So if you are in the habit of visiting Palm Springs this may be the one for you. The listing on Realty Mogul has set a minimum investment of $10,000.
Realty Mogul has posted this investment just as the Coachella Valley Music and Arts Festival is gearing up. The Hard Rock Hotel will be the host for the LED Day Club pool parties so this will be an excellent opportunity to market the investment.
Andy Carpiac of Kittridge Hotels & Resorts, the principle owner of the property, commented on their crowdfunding campaign;
“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. Our staff is passionate about delivering an incredible customer service experience from the moment our guests arrive. 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.”
Jay Samit from Realty Mogul added to Carpiac’s opinion stating;
“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. 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.”
While this is a Hard Rock branded property, Hard Rock International is not an owner of this property in Palm Springs nor are they part of the crowdfunding announcement. But if things go well – perhaps they will consider the same for some of their owned hotels. We will see.
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