According to statistics, it is a wise decision to construct a hotel in the Palm Beaches. In 2023, there were 9.48 million visitors in the area, which was a 2.5% increase from the previous year and has resulted in an increased demand for hotel rooms.
The S. Florida Business Journal has reported that DC Partners is proceeding with what appears to be a low-risk venture by building a dual-branded hotel in Palm Springs with financing provided by Equity Bank amounting to $13.3 million for the construction loan on their recently acquired property at 2645 10th Ave North, which they purchased for $5 million back in July.
The WoodSpring Suites will span over an area of 48,660 square feet and have 122 rooms while Everhome Suites will cover an area of57,971 square feet with114 rooms.The hotels are designed as extended-stay accommodations equipped with kitchens and guest laundry facilities along with fitness centers and pool amenities.
101 Architecture firm has been responsible for designing this project.
DC Partners Secures Loan for Dual-Branded Hotels Projected For Palm Springs
Based on recent statistics indicating significant visitor influx into The Palm Beaches region reaching up to approximately nine point four eight (9.48)million people during year twenty-twenty-three (2023), reflecting two point five percent (2..%) growth compared against prior years; it would seem logical that investing resources towards constructing new hotels within this location would prove beneficial.
As per reports from S.Florida Business Journal,D.C.Partners appear confident about their latest business move – securing funding through Equity Bank worth thirteen point three ($13..)million dollars towards erecting dual-branded hotels withinPalmSprings.This investment seems relatively risk-free given D.C.Partners’ acquisition of land measuring four-point-six acres located at address number two six four five(2645), Tenth Avenue North, for a sum of five million dollars ($5..)in July.
The upcoming WoodSpring Suites will occupy forty-eight thousand six hundred and sixty (48,660)square feet with one hundred and twenty-two(122)rooms; while Everhome Suites will span fifty-seven thousand nine hundred seventy-one (57,971)square feet housing one-hundred-and-fourteen(114)rooms. Both hotels are designed to cater towards extended-stay guests by providing in-room kitchen facilities along with guest laundry services as well as fitness centers. Additionally, the property boasts a pool area for visitors’ enjoyment.
The entire project has been conceptualized by 101 Architecture firm.
