288 E Camino Monte Vis - Hospitality FOR SALE


Palm Springs, CA 92262- Uptown Palm Springs
$6,400,000 USD
818-519-1429
288 E Camino Monte Vis, Palm Springs, CA for Sale
$6,400,000 USD
Hospitality - FOR SALE
1/22
null | 8.11% Cap Rate

288 E Camino Monte Vis
Palm Springs, CA 92262
Uptown Palm Springs


HIGHLIGHTS

  • 16-room luxury boutique gay men's resort that competes within the high-end specialty lodging segment of the Palm Springs market
  • Descanso has received TripAdvisor's highest honor, the Travelers' Choice "Best of the Best" award for 2023
  • Completely Renovated Turnkey Asset
  • Ideally Positioned for Owner-Operator or Investor while keeping the On-site staff in place
  • 82.4% Average Occupancy and $285.33 ADR

OVERVIEW

Matthew Luchs and Matthew Ambrose of Zacuto Group are pleased to exclusively present Descanso Resort, a premier gay men’s boutique resort ideally situated in the heart of Palm Springs. Originally reopened in January 2022 following a comprehensive, top-to-bottom renovation and complete repositioning, Descanso has rapidly emerged as one of the most acclaimed and sought-after hospitality offerings in the market. Descanso Resort is a 16-room luxury boutique property that competes within the high-end specialty lodging segment of the Palm Springs hospitality landscape. The resort offers a thoughtfully curated mix of spacious accommodations designed to deliver a refined yet relaxed guest experience, with a consistent emphasis on privacy, comfort, and indoor-outdoor living. The property has been meticulously designed and repositioned to deliver a high-end, design-forward hospitality experience, blending modern finishes with the intimate scale and exclusivity that define Palm Springs’ premier boutique resorts. Since reopening, Descanso has cultivated a loyal and growing guest base, driven by strong brand identity, exceptional guest reviews, and repeat visitation. This offering represents a rare, turnkey opportunity to acquire both the fee-simple real estate and the fully operational business of a stabilized, income-producing boutique resort. With proven in-place cash flow, an established market presence, and a fully integrated operational platform, a new owner is well-positioned to capitalize on existing performance while unlocking additional revenue opportunities through rate growth, branding, and experiential enhancements. Located in one of the most supply-constrained and high-barrier-to-entry hospitality markets in Southern California, Descanso benefits from Palm Springs’ global reputation as a premier leisure destination, particularly within the LGBTQ+ travel community. The convergence of limited new supply, strong tourism fundamentals, and increasing demand for curated, lifestyle-driven accommodations positions the asset for continued growth and long-term appreciation. Overall, Descanso Resort offers a compelling opportunity to acquire a best-in-class boutique hospitality asset with durable demand drivers, institutional-quality characteristics, and meaningful upside in one of the most dynamic resort markets in the United States.

FOR SALE DETAILS

PRICE

$6,400,000 USD

PRICE/SF

$703 USD /SF

# OF ROOMS

16

PRICE/ROOM

$400,000 {currency}

CAP RATE

8.11%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

16 Room | High Design Hotel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1958

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,375 SF

ZONING

R3, Palm Springs

APN/PARCEL ID

507-030-007

ASK ABOUT THIS PROPERTY

Matthew LuchsZacuto GroupMore Info
818-519-1429

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Matthew LuchsZacuto GroupMore Info
818-519-1429

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