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.