411 E Palm Canyon Dr - Hospitality FOR SALE


Palm Springs, CA 92264
$7,750,000 USD
760-774-6533
411 E Palm Canyon Dr, Palm Springs, CA for Sale
$7,750,000 USD
Hospitality - FOR SALE
1/35
null | Request Cap Rate

411 E Palm Canyon Dr
Palm Springs, CA 92264


HIGHLIGHTS

  • Iconic 92-Room Boutique Resort
  • Value-Add Investment Opportunity
  • Significant RevPar & ADR Growth Opportunity!

OVERVIEW

- Prime Palm Springs Location: Located in the heart of Palm Springs, the property benefits from strong tourism demand, walkability, and proximity to major hotels, restaurants, and entertainment destinations. - Boutique Resort Asset: This 92-room hotel featuring a diverse mix of guest rooms and suites, offering a unique, low-rise resort-style layout consistent with Palm Springs hospitality trends. - Value-Add Opportunity: Opportunity to increase revenue through ADR growth, operational efficiencies, and repositioning to align with higher-performing boutique and lifestyle hotel concepts. - Proven Operating History: The property demonstrates consistent revenue generation with strong seasonal performance and established market presence. - ADR Growth Potential: Historical performance supports the ability to push room rates during peak demand periods, with additional upside through professional revenue management strategies. - Strong Tourism Market Fundamentals: Palm Springs continues to experience strong tourism, event-driven demand, and limited new supply, supporting long-term hospitality investment fundamentals. - Repositioning & Branding Upside: Opportunity for a new owner to implement branding, renovations, or concept upgrades to capture higher market share and increase overall asset value. - Long-Term Leased Land Structure: Typical Palm Springs leased land structure with remaining term in place, providing a known and underwritten expense component.

FOR SALE DETAILS

PRICE

$7,750,000 USD

PRICE/SF

$185 USD /SF

# OF ROOMS

93

PRICE/ROOM

$83,333 {currency}

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Caliente Tropics Resort

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1964

PARKING SPACES

100

LAND DETAILS

LAND ACRES

2.97 AC

LAND SF

129,373 SF

ZONING

R3

APN/PARCEL ID

511-060-006

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 Notice.