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PALM SPRINGS, CA-Pacifica Colony Palms LLC, an affiliate of Pacifica Capital Group, has sold Colony Palms Hotel for $15 million to a joint venture between real estate investor and developer Michael Rosenfeld through an affiliate of his Woodridge Capital Partners and an investment fund managed by Oaktree Capital Management L.P. The 57-room hotel, restaurant and spa was named to Conde Nast’s “Hot List” upon opening in 2008, thereby establishing it as one of the top new hotels in the world.

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