Foxden Hospitality Completes Sale of Dive Palm Springs to Mariners Group for $5.15 Million

May 18, 2022

PALM SPRINGS, Calif., May 18, 2022-- Today, Foxden Hospitality, the California-based luxury hospitality management company, announced the sale of its boutique Hotel, Dive Palm Springs, to Mariners Group for $5.15 million. This significant sale, at $468,000 per key, marks the highest recorded price in history for any hotel in Palm Springs and the surrounding Coachella Valley. Dive Palm Springs emerged in 2019 to high acclaim following a renovation led by Foxden founders Dale & Brookelyn Fox, GM Abdi Manavi, and Interior Designer Vanessa Schreiber. Transporting guests back to the casual elegance of St Trope...