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12699 Reposo Way - The Spring Resort & Spa, Desert Hot Springs, CA

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12699 Reposo Way - The Spring Resort & Spa

Desert Hot Springs, CA 92240-4762 - Coachella Valley Submarket

Property Type:Hospitality Number of Rooms:13 Status:Existing Year Built:1965
Stories:1 Building Size:10,000 SF Land Area:.83 AC (36,242 SF)
For Sale Price:$3,000,000 Price/Room:$230,769 Cap Rate:9.90 %

Parking:1.15 Parking Spaces / 1,000 SF

Located in one of the world’s greatest natural thermal mineral springs regions, The Zen is located on an elevated promontory with dramatic views of Palm Springs and the surrounding San Jacinto and San Gorgonio mountains. There are 3 sparkling pools, fully charged with restorative properties and the curative powers of the bubbling mineral springs. The 10 guestrooms are unique and understated, including courtyards outside each room, featuring canvas privacy panels. Nine of the rooms surround the central courtyard and 6 rooms have custom designed Café kitchens.

Property includes single family residence on adjoining lot.

Sale Notes:
An unprecedented opportunity to acquire one of the top performing spa resorts in California. THE SPRING Resort & Spa boasts a 79% annual occupancy, $186 ADR, $147 Revpar (8/1/14 7/30/15) and a busy Day Spa rivaled by no other comparably sized spa in the Greater Palm Springs area.
THE SPRING Resort & Spa claims the hottest mineral spring water of all the spas in Desert Hot Springs, emerging at 170 degrees. This Fee simple property consisting of 3 lots identified as Assessor Parcel Number' s (APN) 642-122-002/003 and 642-123-010 in Riverside County. THE SPRING has 13 guest accommodations that range from 2 two bedroom villas to deluxe poolside Kings. This unique property boasts 6 treatment rooms that make up the spa portion of the property.

THE SPRING Resort & Spa' s 2014 Gross Income total was $1,386,335 and 2015 Gross Income will surpass that of 2014.

THE SPRING Resort & Spa is not just a boutique hotel, but a thriving day spa that outperforms in every category and only provides first class service.

Contact Broker for Full Marketing and Financial Information.

Keller Williams Realty
Richard DeCarlo
(760) 578-1466

Kenneth Williams
(760) 969-1000

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