526 S Warm Sands Dr - Hospitality FOR SALE


Palm Springs, CA 92264- Warm Sands
$10,500,000 USD
760-408-8874
526 S Warm Sands Dr, Palm Springs, CA for Sale
$10,500,000 USD
Hospitality - FOR SALE
1/65
null | 9.52% Cap Rate

526 S Warm Sands Dr
Palm Springs, CA 92264
Warm Sands


OVERVIEW

Welcome to the Exotic Dreams Hotel — a rare and iconic hospitality offering in the heart of Palm Springs. This 40-room boutique hotel blends mid-century and spanish charm with modern upgrades, providing a unique investment opportunity or an exceptional addition to any hospitality portfolio. Spanning multiple structures across lushly landscaped grounds, the property features three sparkling pools, ample guest amenities, and breathtaking views of the surrounding mountains. Many of the rooms have been recently renovated with stylish, contemporary finishes, upgraded bathrooms, and enhanced technology offerings to meet the expectations of today’s discerning traveler. The layout of the hotel offers flexibility for both standard guest stays and extended group bookings, with multiple room types including suites, patios, and poolside accommodations. Whether guests are seeking a serene desert escape, a lively weekend retreat, or a private event venue, Exotic Dreams delivers on all fronts. Ideally located just minutes from Downtown Palm Springs, the hotel offers walkability to shops, restaurants, nightlife, and world-class events like Modernism Week and Coachella shuttle routes. With its strong branding potential, existing operational footprint, and room to increase ADR through continued renovation and repositioning, Exotic Dreams is poised for both immediate income and long-term appreciation. Highlights: 40 well-appointed rooms (many newly updated) 3 resort-style swimming pools Mountain views and lush landscape Prime Palm Springs location near Downtown Upside potential through continued improvements and repositioning Don’t miss this extraordinary opportunity to own a piece of the desert’s hospitality legacy.

FOR SALE DETAILS

PRICE

$10,500,000 USD

PRICE/SF

$353 USD /SF

# OF ROOMS

40

PRICE/ROOM

$262,500 {currency}

CAP RATE

9.52%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Exotic Dreams Resort Hotel

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1948

PARKING SPACES

48

LAND DETAILS

LAND ACRES

1.64 AC

LAND SF

71,438 SF

ZONING

R2, Palm Springs

APN/PARCEL ID

508-211-017

ASK ABOUT THIS PROPERTY

Adam GilbertThe Firm BrokerageMore Info
760-408-8874

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Adam GilbertThe Firm BrokerageMore Info
760-408-8874

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