This Property is no longer advertised on Showcase.com.
Off Market
1/148

1533 N Chaparral Rd
Palm Springs, CA 92262


HIGHLIGHTS

  • Excellent Income Opportunity with LOW 10 CAP!
  • Close to Downtown with Large, Professionally Landscaped Open Property
  • All rooms recently remodeled

OVERVIEW

Desert Sun Resort is a 33-room hotel resort sitting on a large 1.6 acres of beautifully manicured grounds property: Two (2) large pools, jacuzzi, bar/café, lighted tennis court, free-standing spa studio, fitness facility, two firepits, loggia, luscious green lawn areas, and soothing water features, The Café (seats 50), Gift Shop, and three-room Spa are all part of the resort’s amenities to enhance the guest experience and increase operating income. • Currently Desert Sun Resort operates with an experienced staff (20 employees). This property has run efficiently without a “hands-on” owner for over 14 years. • All 33 rooms were completely renovated in 2020 (11 courtyard rooms completed in 2016). There are five suites with kitchens, or kitchenettes. • 170 solar panels were installed on the roof (100% paid for/no lease) in 2016. All panels are located on the rooftop of the hotel building and are still under the 20-year warranty. • Desert Sun Resort has a full liquor license. The liquor license transfers with the sale of the property. • The past 12 months (August 2020 thru July 2021), the NOI is at $888,000 with an ADR of $214, a REVPAR of $105 and almost a 40% profit margin. • When reviewing the past 48 months and removing the COVID period of March 2020 to February 2021, the property has consistently performed well yielding approximately $785,000 NOI with an ADR of approximately $200. Occupancy is averaging 47%. • Full annual operating statements for years 2017 thru July of 2021 will be made available to a qualified buyer during the due diligence contract time frame. • Other sources of Income include: Restaurant/Bar, Spa, Day fees, Membership Fees, Special Events, and Large Gift Shop Please contact John Young at 949-246-9450 to schedule a personal tour of this exceptional property

FOR SALE DETAILS

PRICE

-

# OF ROOMS

-

CAP RATE

-

BUILDING DETAILS

PROPERTY NAME

Desert Sun Resort & Spa with Oasis Cafe & Bar

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

24750

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1957

PARKING SPACES

27

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

3

APN/PARCEL ID

507-024-020