225 W Baristo Rd - Hospitality FOR SALE


Palm Springs, CA 92262
$7,295,000 USD
949-759-8739
225 W Baristo Rd, Palm Springs, CA for Sale
$7,295,000 USD
Hospitality - FOR SALE
1/35
null | 6.75% Cap Rate

225 W Baristo Rd
Palm Springs, CA 92262


HIGHLIGHTS

  • Class I Historic Site Designation; Original William Cody Design
  • Corner Location in Historic Tennis Club neighborhood; Steps to Downtown Village
  • History of Strong, Improving Cash Flow
  • Mills Act preserves Low Property Tax Basis
  • One of Palm Springs Most Authentic Mid-Century Modern Boutique Hotels

OVERVIEW

Maxim Hotel Brokerage, Inc. is pleased to present an exclusive listing on Del Marcos Hotel. Ideally located within Palm Springs premier neighborhood for boutique hotels, the hotel is within a very short walking distance to Palm Springs Downtown Village and proximate to numerous spectacular restaurants and retail stores. Palm Springs is within two hours drive of Southern California’s 22-million-person population base. Unencumbered by brand or management, a new entrepreneurial owner will own and operate one of the highest rated boutique hotels in Palm Springs, a world class boutique destination hotel and resort market. OVERVIEW Del Marcos Hotel is a mid-century modern boutique hotel that competes within the high-end boutique segment in the Palm Springs market. Please consider the following highlights: ? Rare Class 1 Historic Landmark Designation – Designed in 1947 by renowned architect William F. Cody as his first independent commission, Del Marcos Hotel was designated a Class 1 Historic Site by the City of Palm Springs in 2012 in recognition of its architectural and cultural significance. As one of the city's few historically designated boutique hotels, the property offers a highly differentiated hospitality experience and benefits from enduring appeal among architecture, design, and heritage-focused travelers. Premier Location within Historic Tennis Club Neighborhood - The hotel is nestled among some of Palm Springs’ best performing boutique hotels, including Avalon, La Serena Villas, The Ingleside Inn, Willows, Holiday House, Rowan and the future home of The Soho House Palm Springs. The Downtown Village is a short walk. ? Mills Act Agreement - Recorded Historic Property Preservation Agreement (Mills Act) with the City of Palm Springs provides favorable historic property tax treatment and runs with the land. This agreement materially reduces annual real estate taxes versus conventional valuation methods. ? Institutionally Owned and Operated - Originally built in 1947, current ownership bought the hotel in 2023 as part of a three-hotel portfolio anchored by La Serena Villas, adjacent to the south. Plenty of upside for an operator with hands-on proprietor-style operating plan. ? Historically Strong Performance - The property historically achieved strong RevPAR, in excess of $230 as recently as 2023. NOI exceeded $600,000 in recent years. ? Positive Market Trends - Performance trends have been stable and improving for the Palm Springs hotel market since 2023’s record breaking year. Market RevPAR is healthy and improving. Convention bookings, airport passenger counts and hotel performance trends have been very strong and are showing great promise for the remainder of 2026. ? Fee Simple Site - Unlike many other hotels in the Palm Springs market, Del Marcos offers fee simple ownership.

FOR SALE DETAILS

PRICE

$7,295,000 USD

PRICE/SF

$809 USD /SF

# OF ROOMS

17

PRICE/ROOM

$429,118 {currency}

CAP RATE

6.75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Del Marcos Hotel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

A

YEAR BUILT

1947

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,473 SF

ZONING

R3, Palm Springs

APN/PARCEL ID

513-202-002

ASK ABOUT THIS PROPERTY

Harry PfluegerMaxim Hotel BrokerageMore Info
949-759-8739

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Harry PfluegerMaxim Hotel BrokerageMore Info
949-759-8739

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