143-Room Hotel on 6.99 Acres FOR SALE


Palm Springs, CA
$12,475,000 USD
760-774-6533
, Palm Springs, CA for Sale
$12,475,000 USD
FOR SALE
1/6
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143-Room Hotel on 6.99 Acres
Palm Springs, CA


HIGHLIGHTS

  • 7 Acre Parcel with Room for Expansion

OVERVIEW

This is an Operating 143 Room Hotel & 2 Freestanding Restaurants on 3 Separate Parcels totaling 7 Acres. Shown by Appointment Only. Please Do Not Contact Hotel Personnel. 1201 East Palm Canyon Drive - 7,500 SF Former Steakhouse / ±1.34 Acre Parcel 1243 East Palm Canyon Drive - 4,375 SF Former Carrows Restaurant / ±0.94 Acre Parcel 1269 East Palm Canyon Drive - 143 Room Travelodge / ±4.71 Acre Parcel Located in the highly popular East Palm Canyon Corridor between the Ace Hotel and the Saguaro Hotel. This desirable wind free area of Palm Springs is owned by the Agua Caliente Indians and ground leased to Hotels, Restaurants, Shopping Centers and Condominium projects throughout the corridor. A new 99-year Lease Term has been executed, with a start date of May 1, 2024. Just west of Sunrise Way on East Palm Canyon Drive

ASK ABOUT THIS PROPERTY

Michael LyleColdwell Banker Commercial Lyle & AssociatesMore Info
760-774-6533

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Michael LyleColdwell Banker Commercial Lyle & AssociatesMore Info
760-774-6533

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.