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Property Detail

67485 Hacienda Ave, Desert Hot Springs, CA 92240, USA
hotel is in the heart of Desert Hot Springs, California
$3,700,000

Description

INVESTMENT HIGHLIGHTS

  • Investment opportunity to purchase a 40-room resort with spa treatment rooms and a large pool with room for expansion and renovations underway.
  •  
  • The Relax Hotel & Spa is an intimate, secluded property for relaxation and healthy living, along with the most phenomenal views the area offers.
  • Desirable Coachella Valley tourist destination easily reached by Interstate 10 and the Palm Springs International Airport, less than 10 miles away.
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  • Nestled in "California's Spa City," home to numerous golf courses, Santa Rosa Mountains, year-round sunshine, and famous hot mineral waters.

EXECUTIVE SUMMARY

Relax Hotel & Spa at 67485 Hacienda Avenue is an investment opportunity to own a mineral hot springs hotel in the heart of Desert Hot Springs, California. The hotel's location offers some of the most incredible views in the area and special benefits for being in the opportunity zone.

The subject property comprises a 40-room resort and spa with spa treatment rooms, owners/managers units, and generous potential poolside areas for quiet relaxation. The Relax Hotel & Spa has a welcoming lobby, front desk, back office, storage rooms, and a large pool with the potential to add outside spa areas. A popular spot for group retreats, the spacious resort rooms are designed with a warm modern touch and feature individual HVAC units, interior kitchenettes, and top-notch fixtures.

Strategically located in Desert Hot Springs, known to have the world's best source of fresh hot mineral water for drinking to help aid nutrition and bathing to improve circulation and located within the Coachella Valley, in the foothills of Joshua Tree National Park in Southeastern California, a premium tourist destination for those seeking an authentic spa experience, the tranquility of the natural desert environment, and the therapeutic benefits of its mineral-rich waters. The Relax Hotel & Spa, with its immaculate appearance, superb condition, and excellent location, should continue to enjoy increased occupancy and profitability.

Please note the cap rate is a proforma rate, plus the total invested into the property, $2,500,000 (Not including the owner's purchase price). Buyer to verify condition of property and all permits. Pool needs to be completed after close of escrow along with a few other items. Please contact for more info.
 

AMENITIES

  • Pool
  • High Speed Internet Access
  • Patio
  • Public Access Wifi
  • Hot Tub
  • Fully-Equipped Kitchen

ROOM MIX INFORMATION

DESCRIPTIONNO. ROOMSDAILY RATESF
Guest Room40$73.00

 

PROPERTY TAXES

 

Brian Palmer

Phone +1 760-406-1492

Specification

General

  • 17928
  • 1.6700
  • Investment
  • VS (Visitor Serving)
  • 1988
  • 2021
  • 40

Financials

  • 2000000
  • 1600000

Hospitality

Desert Palms Spa Motel

Listing ID : 00098

SKU: 98

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