This extraordinary Hotel & Resort presents an unparalleled investment opportunity, has 31 licenses with 28 operating rooms in which the business benefits from a steady stream of travelers.Large 1.72 acre owned Fee Simple property on an extended lot is one of the largest available development lots in the City of Palm Springs.The hotel is locatedwithin 10 minutes to downtown with great potentialfor a conversion to a high ADRBoutique Hotel in addition to the already consistent revenue growth over the past several years. The hotel renovationhas recentlycompleted, fully renovated, permitted owners unit (Conversion of 5 rentable hotel rooms to a single ownersresidence) with separate private entrance and an approximately 500 SQFT. operation managers unit. The permitted new roof with warranty, mini splits and water heaters have all been replaced within the last few years.All property tours must be arranged through the selling agent on Tuesdays or Wednesdays only. Please DO NOT CONTACT PROPERTY Owners OR EMPLOYEES!For more information and to sign the Confidentiality Agreement, please contact (949) 289 - 6900 [email protected]
NDP2400101
Business Opportunities, 1 Story
Riverside
1949
1.72
Acres
Public
1
20,225
Sq. Ft.
6 Total
Detailed Room Information
- Laundry
- Common Area,Electric Dryer Hookup
Interior Features
- Appliances
- Dryer
Exterior / Lot Features
- Parking
- 0 Covered Parking Spaces.
- Zoning
- Commercial Hospitality FE
- Additional Exterior/Lot Features
- 0-1 Unit/Acre.
Financial Considerations
508144023
Contract
Loading...