1633 S Palm Canyon Dr - Hospitality FOR SALE


Palm Springs, CA 92264
$9,999,999 USD
858-210-8282
1633 S Palm Canyon Dr, Palm Springs, CA for Sale
$9,999,999 USD
Hospitality - FOR SALE
1/4
null | 1.69% Cap Rate

1633 S Palm Canyon Dr
Palm Springs, CA 92264


HIGHLIGHTS

  • 72-Room Best Western Hotel in Prime Palm Springs Tourism Market
  • $2.1M+ Annual Room Revenue (2024)
  • Located on High-Traffic South Palm Canyon Drive
  • 1.87 Acre Commercial Site in Major Resort Corridor
  • Nationally Recognized Best Western Brand Flag
  • Strong Year-Round Tourism Demand Drivers

OVERVIEW

Best Western Hotel Investment Opportunity | 72 Keys | Palm Springs CA | Hospitality Asset Best Western Inn at Palm Springs 1633 S Palm Canyon Dr Palm Springs, CA 92264 Property Overview Rare opportunity to acquire a flagged hospitality asset in one of Southern California’s most iconic resort destinations — Palm Springs. The Best Western Inn at Palm Springs is a 72-room hotel located on highly visible South Palm Canyon Drive, one of the main tourist corridors connecting downtown Palm Springs with major resort districts and attractions. The property offers investors a nationally recognized brand flag, strong tourism demand, and proven revenue performance, making it an attractive acquisition for hotel investors seeking cash flow with upside. The hotel has demonstrated consistent annual room revenue exceeding $2M, supported by Palm Springs’ strong year-round tourism, festivals, golf events, and seasonal resort demand. According to the property profile, the hotel contains 72 guest units on approximately 1.87 acres and was originally built in 1984. BW Inn Palm Springs Profile Financial Overview 2024 Financials Gross Room Revenue: $2,135,699 Total Revenue: $2,137,859 Operating Income: $169,180 2024 P&L 2023 Financials Gross Room Revenue: $1,998,148 Operating Income: -$41,611 (heavy depreciation year) 2023 P&L Adjusted NOI Potential When normalizing operations and adding back non-cash and discretionary items such as: • Depreciation • Management fees • Certain discretionary expenses The property demonstrates significantly stronger stabilized NOI potential under experienced hotel management. Property Details Property Type: Hotel / Hospitality Brand: Best Western Keys: 72 Rooms Year Built: 1984 Lot Size: Approx. 1.87 Acres Zoning: C1 Commercial Investment Highlights • Flagged hotel with Best Western brand recognition • 72 guest rooms in established Palm Springs tourism market • Strong $2M+ annual room revenue history • Located on South Palm Canyon Drive — primary tourist corridor • Close to Downtown Palm Springs, resorts, golf courses, and convention venues • Significant upside through professional revenue management and operational optimization • Opportunity for value-add renovation or repositioning strategy • Palm Springs remains one of California’s most desirable leisure travel destinations • Ideal for hotel operators, hospitality investors, or portfolio buyers Location Overview – Palm Springs Palm Springs is one of the premier resort markets in the western United States, attracting millions of visitors annually. The city is known for: • Luxury resorts and boutique hotels • Golf tourism • Coachella Valley Music Festival • Stagecoach Festival • Convention and event tourism • Year-round warm climate destination travel Demand is supported by both international tourism and strong Southern California drive-to visitors. Investment Opportunity This offering presents investors with the opportunity to acquire a flagged hospitality asset with strong revenue performance in a high-barrier resort market. With experienced hotel management and potential operational improvements, the property offers both stable cash flow and long-term value appreciation. Confidential Offering — Contact Broker for Financial Package and Due Diligence Materials

FOR SALE DETAILS

PRICE

$9,999,999 USD

PRICE/SF

$362 USD /SF

# OF ROOMS

71

PRICE/ROOM

$140,845 {currency}

CAP RATE

1.69%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Best Western Inn at Palm Springs

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1975

PARKING SPACES

100

LAND DETAILS

LAND ACRES

1.87 AC

LAND SF

81,457 SF

ZONING

C1, Palm Springs

APN/PARCEL ID

513-300-063

ASK ABOUT THIS PROPERTY

Crystal LeeAmerican Real Estate GroupMore Info
858-210-8282

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

Crystal LeeAmerican Real Estate GroupMore Info
858-210-8282

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