PRG’s principals’ history in hospitality was borne from their experience with the Colony Palms Hotel.
Shortly after PRG’s predecessor company sold its commercial portfolio in 2005, the firm entered the hospitality industry by acquiring a hotel in Palm Springs and rebranding it The Colony Palms Hotel. This boutique hotel was named by Condé Nast to its prestigious ‘Hot List’, marking it one of the top new boutique hotels in the world in 2008. The Colony Palms Hotel quickly became the preferred desert destination for top Hollywood celebrities and professionals from the entertainment industry.
With a team of highly talented individuals possessing unique disciplines and acting as the management company for the asset, the Colony Palms was recognized as one of the most prestigious boutique hotels and strongest boutique brands in the United States.
Today, PRG has assembled an attractive portfolio of boutique and independent hotels in California which includes Laguna Beach, Indian Wells, Palm Springs and San Luis Obispo. The firm is focused on acquiring and developing new hotels that meet its investment criteria.“You and your team are to be congratulated on your early accomplishments and I wish you much success as you move forward.”
-Mr. Isadore Sharp, Founder and Chairman
From the hotel opening in early 2008 until the property sale in June 2012, PRG’s predecessor company owned and managed the hotel. www.colonypalmshotel.com
Travel + Leisure Magazine named the Sparrows Lodge to the prestigious “It” List, marking it as one of the top new hotels in the world. www.sparrowslodge.com
Praised by the New York Times as “San Luis Obispo’s first luxury boutique hotel” in December 2012, this intimate boutique hotel is located in an urban locale. The property was originally built in 1929 and was completely restored with a modern industrial design centered upon the vibrant restaurant and bar. www.granadahotelandbistro.com
The original hotel was constructed in the 1920s and boasts Spanish architecture throughout with sweeping views of the Pacific Ocean. A redesign of the guest rooms and lobby is underway to position the property as a prestigious boutique hotel. http://www.casalaguna.com
This English tutor style hotel offers a unique guest experience in San Luis Obispo, in close proximity to Cal Poly San Luis Obispo and the downtown area. http://www.sanluiscreeklodge.com
The hotel was acquired via bankruptcy in 2010 and was profitably operated under its prior name for 14 months. The Alcazar was rebranded and introduced to the market as an eclectic boutique hotel in the Uptown (Design District) of Palm Springs. www.alcazarpalmsprings.com
Located on the sand and oceanfront in the San Diego area of Imperial Beach, this 78 room hotel is a brand new development. PRG has been retained to provide boutique management and sales/marketing services. The property is a member of the prestigious Autograph by Marriott collection. www.piersouthresort.com