Market intel
City-council agendas, entitlement filings, festival programming, hotel openings. everything we think is going to move the dial in our markets over the next twelve months. Refreshed weekly via Perplexity Sonar.
Palm Springs
Two material positives over the next 12 months: a new boutique hotel adds 84 keys to the downtown comp set (slight headwind), but the BNP Paribas expansion at Indian Wells Tennis Garden adds 18,000 seats and a March demand window — net ADR-positive for downtown villas.
$70M expansion adds 18,000 additional seats across Stadiums 2 and 4 plus new hospitality club, completing before the 2027 BNP Paribas Open.
Adds ~3 nights/day of incremental room demand across the 12-day tournament. Coachella Valley villas within 25 mi historically capture 30–40% ADR uplift for tennis week; expansion should compress further.
Desert Sun — Indian Wells expansion filingCouncil approved entitlement for an 84-key Kimpton on N. Indian Canyon Dr; opening targeted Q3 2027. Adds compset supply but elevates downtown's hospitality brand.
+84 keys downtown is a ~2% supply increase. Likely 50–75 bps occupancy drag in non-peak months, offset by brand halo on the corridor.
Palm Springs Planning Commission Agenda 04/14/2026Festival board approved a 13-day program (vs. 11 in 2026) including a new "Mid-Century Architecture Tour Pass" expected to lift mid-week demand.
Adds two material demand nights mid-week. Properties with documented MCM architectural pedigree (The Sunbath House) should see strongest premium capture.
Modernism Week press releaseCity clarified that a local emergency contact (within 30 minutes) must be listed on every STR permit. Procedural; no occupancy cap change.
No revenue impact for professionally managed properties; tightens noose on absentee non-compliant operators which is a long-term tailwind for compliant supply.
Palm Springs City Council Meeting 06/12/2026San Miguel de Allende
Mexico's Festival Cervantino announced an SMA satellite program; one Centro hotel changed hands; new Querétaro–SMA shuttle launches in October — net mildly positive on ADR.
Three SMA venues (Teatro Ángela Peralta, Bellas Artes, Parque Juárez) added to the 2026 Cervantino program. SMA always benefits from Guanajuato's overflow; formal programming locks demand 3 weeks early.
Extends the ADR premium window from ~10 days (Día de Muertos) to ~25 days. Add 2–3 nights min-stay during the overlap.
Festival Internacional Cervantino — 2026 programNew private shuttle operator (Premier Mexico) launches twice-daily luxury van service from QRO airport to Centro SMA, with hotel-style pickup amenities. Reduces friction for US flyers.
Improves conversion on US guests by removing the ground-transport question. Worth featuring on the property page and concierge brief.
Atención San Miguel — transit announcementGroup sold; new ownership signaled a renovation pause. Possible compset rate softness for 90–180 days during transition.
A flagship comp going quiet typically lifts secondary lux comps by 3–5% on shoulder weekends. Watch for the reopen.
San Miguel Times