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Property Detail

535 S Warm Sands Dr, Palm Springs, CA 92264, USA
The hotel is located within 10 minutes to downtown.
$6,800,000

Description

EXECUTIVE SUMMARY

"$1,000,000 PRICE REDUCTION" ... 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 located  within 10 minutes to downtown with great potential for a conversion to a high ADR Boutique Hotel in addition to the already consistent revenue growth over the past several years. The hotel renovation has recently completed, fully renovated, permitted owners unit (Conversion of 5 rentable hotel rooms to a single owners residence) with separate private entrance and an approximately 500 sq.ft. 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 or  PurpleFilesRealEstate@gmail.com
 

AMENITIES

  • Pool
  • High Speed Internet Access
  • Patio
  • Bed & Breakfast
  • Public Access Wifi
  • Smoke-Free
  • Hot Tub
  • Multi-Room Suites

ABOUT 535 S WARM SANDS DR , PALM SPRINGS, CA 92264

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 located  within 10 minutes to downtown with great potential for a conversion to a high ADR Boutique Hotel in addition to the already consistent revenue growth over the past several years. The hotel renovation has recently completed, fully renovated, permitted owners unit (Conversion of 5 rentable hotel rooms to a single owners residence) with separate private entrance and an approximately 500 sq.ft. 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 or  PurpleFilesRealEstate@gmail.com

ROOM MIX INFORMATION

DESCRIPTIONNO. ROOMSDAILY RATESF
Suite2$208.00-
Guest Room26$170.00

 

Mohsen Aghazadeh

+1 949-289-6900

Specification

General

  • 20778
  • 1.7300
  • Investment
  • R2, Palm Springs
  • 1949
  • 2024
  • 28

Financials

  • 10.00

Hospitality

All Worlds Resort

Listing ID : 00127

SKU: 127

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