Good news, deep-pocketed Coachella-goers in need of a place to stay -- a new hotel is opening up in Palm Springs in time for the April music festival. The Sydell Group, who are also the developers of the Ace hotel in New York and Palm Springs, have re-vamped a three-story Holiday Inn as The Saguaro Palm Springs. (For those unfamiliar with the cacti of the Southwest, that's pronounced "Suh-whar-oh." Do not say "Sag-ware-oh," or everyone will hate you!) It's opening February 1st and rooms are going for a cool $400-$566 a pop. Start saving those pennies now, kids.
[Via the Jet Set Report]