74695 Highway 111 - Hospitality FOR SALE


Palm Desert, CA 92260- Outlying Palm Springs
$22,900,000 USD
858-210-8282
74695 Highway 111, Palm Desert, CA for Sale
$22,900,000 USD
Hospitality - FOR SALE
1/5
null | 3.03% Cap Rate

74695 Highway 111
Palm Desert, CA 92260
Outlying Palm Springs


HIGHLIGHTS

  • Best Western Plus Flagged Hotel in the heart of Palm Desert’s prime tourism corridor
  • Approx. 150 Guest Rooms offering scale and strong operational efficiency
  • Prime Highway 111 Location with excellent visibility and accessibility
  • Established Hospitality Asset in the high-demand Coachella Valley market
  • Strong Historical Revenue with multi-million dollar annual gross sales
  • Resort-Style Property featuring pool, landscaped grounds, and guest amenities

OVERVIEW

Best Western Plus Palm Desert Resort Premier Coachella Valley Hotel Investment 74695 CA-111, Palm Desert, CA 92260 Asking Price: $22,900,000 Property Overview The Best Western Plus Palm Desert Resort is a well-established, high-performing hospitality asset located in the heart of Palm Desert along the highly trafficked Highway 111 corridor in the Coachella Valley. This institutional-quality hotel benefits from strong year-round tourism demand driven by golf, festivals, conventions, and luxury resort travel throughout the Palm Springs market. The property features a large full-service resort layout with extensive guest amenities, making it attractive to leisure travelers, golf groups, event visitors, and corporate guests. Palm Desert sits in one of Southern California’s most desirable tourism corridors, surrounded by luxury resorts, golf courses, shopping districts, and world-class entertainment venues. This offering presents investors with an opportunity to acquire a nationally recognized branded hotel with strong historical revenue and significant long-term growth potential in a premier Southern California destination market. Investment Highlights • Premier Best Western Plus Flagship Property Well-recognized national brand with strong reservation and loyalty network. • Prime Palm Desert Location Situated directly on Highway 111, the main commercial and tourism corridor in Coachella Valley. • Strong Historical Revenue Performance Hotel generated approximately $5.3M revenue in 2023 and over $4.6M revenue in 2024. • Resort-Style Hospitality Asset Full resort amenities with strong appeal to leisure and group travelers. • Large Guest Room Count Approximately 150 guest rooms providing scale and operational efficiency. • Year-Round Tourism Market Demand driven by golf tourism, Coachella and Stagecoach festivals, luxury travel, and conventions. • High Barrier-to-Entry Market Limited new hotel development in prime Palm Desert corridor. • Major Tourism Drivers Nearby Palm Springs Convention Center Indian Wells Tennis Garden Luxury golf resorts El Paseo Shopping District • Strong Brand Affiliation Best Western Plus provides marketing reach, reservations platform, and loyalty program. • Large Resort-Style Property Expansive layout with pool, recreation areas, and guest amenities. • Highly Visible Commercial Corridor Frontage on one of the most traveled tourism routes in the Coachella Valley. • Significant Upside Potential Opportunities exist to increase ADR, improve operational efficiency, and optimize revenue management. Financial Overview (Summary) 2023 Revenue: approx. $5,302,297 2024 Revenue: approx. $4,614,330 2025 Revenue: approx. $4,475,391 Financials available to qualified buyers upon request. Property Details Hotel Brand: Best Western Plus Location: Palm Desert, California Address: 74695 CA-111, Palm Desert, CA 92260 Year Built: 2000 Lot Size: Approximately 1.07 Acres Property Type: Hospitality / Resort Hotel Rooms: Approximately 150 Guest Rooms Parking: On-site guest parking Amenities: Pool, breakfast service, resort-style grounds, guest amenities Location Overview – Palm Desert, CA Palm Desert is one of the most desirable cities within the Palm Springs / Coachella Valley hospitality market, attracting millions of visitors annually. The region is known for: • Luxury golf resorts • World-famous music festivals (Coachella & Stagecoach) • Tennis tournaments at Indian Wells • Luxury shopping at El Paseo • Strong winter tourism and international travel The property benefits from exceptional visibility along Highway 111, the primary commercial corridor connecting Palm Springs, Rancho Mirage, Palm Desert, and Indio. Offering Summary Price: $22,900,000 Asset Type: Hotel / Hospitality Investment Brand: Best Western Plus Location: Palm Desert, California Additional financials, franchise information, and property details available upon request with a signed confidentiality agreement.

FOR SALE DETAILS

PRICE

$22,900,000 USD

PRICE/SF

$324 USD /SF

# OF ROOMS

150

PRICE/ROOM

$152,667 {currency}

CAP RATE

3.03%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Best Western Plus Palm Desert Resort

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

2000

PARKING SPACES

160

LAND DETAILS

LAND ACRES

1.07 AC

LAND SF

46,609 SF

ZONING

PC4, Palm Desert

APN/PARCEL ID

625-430-063,625-430-064,625-430-066

ASK ABOUT THIS PROPERTY

Crystal LeeAmerican Real Estate GroupMore Info
858-210-8282

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Crystal LeeAmerican Real Estate GroupMore Info
858-210-8282

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