950 N Indian Canyon Drive, Palm Springs, CA 92262

$15,000,000
50
BD
22,623
SqFt
List Price
$15,000,000
Status
ACTIVE
MLS#
219097550
Year Built
1953
Bedrooms
50
Living Sq. Ft
22,623
Lot Size
40,510
Days on Market
73
Property Type
Multifamily
Neighborhood
Movie Colony

Property Description

Now offering for sale an incredible investment opportunity in Palm Springs featuring the 7 Springs Inn & Suites Hotel! This stunning mid-century modern property boasts 50 stylish rooms, and with recent renovations, this property combines the iconic design of the era with modern amenities and comforts. Adjacent to the Uptown Design District and a short walk to the heart of many top restaurants, shops, and landmarks, this location attracts all guests wanting to experience the best of Palm Springs. As you enter the hotel you'll see the iconic orange arches, which lead to a bright and airy lobby that sets the tone for the rest of the property. Step outside and you'll find two amazing common areas with lush greens, beautiful architecture, ample outdoor entertainment areas, and two pools! The spacious rooms feature a blend of vintage and contemporary decor, with pops of color and unique accents that make each one feel like a true oasis. Split between two floors, rooms feature either one or two beds, a sitting/office area, either a kitchenette or a full kitchen, and some even have private balconies overlooking pool or mountain views. With beautiful grounds and 50 rooms, this hotel has amazing earning potential with lots of upside for any investor. Whether it's booking rooms out on a traditional hotel model, marketing them on Airbnb (as this property is exempt from many Palm Springs STR restrictions), or hosting events for large personal/corporate parties.

Additional Information

Land Lease Type
Fee
Pool
Yes
Pool Description
In Ground, Community
Spa
Yes
Heat
Central
Cooling
Air Conditioning
View
Mountain(s), Pool
Parking
Unassigned, Total Uncovered/Assigned Spaces
Sewer
In, Connected and Paid

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of The Firm Brokerage.