535 South Warm Sands Drive, Palm Springs, CA 92264

$6,800,000

Property Description

This extraordinary Hotel & Resort presents an unparalleled investment opportunity, has 31 licenses with 28 operating rooms in which the business benefits from a steady stream of travelers. Large 1.72 acre owned Fee Simple property on an extended lot is one of the largest available development lots in the City of Palm Springs. The hotel is located within 10 minutes to downtown with great potential for a conversion to a high ADR Boutique Hotel in addition to the already consistent revenue growth over the past several years. The hotel renovation has recently completed, fully renovated, permitted owners unit (Conversion of 5 rentable hotel rooms to a single owners residence) with separate private entrance and an approximately 500 SQFT. operation managers unit. The permitted new roof with warranty, mini splits and water heaters have all been replaced within the last few years. All property tours must be arranged through the selling agent on Tuesdays or Wednesdays only. Please DO NOT CONTACT PROPERTY Owners OR EMPLOYEES! For more information and to sign the Confidentiality Agreement, please contact (949) 289 - 6900 or PurpleFilesRealEstate@gmail.com

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Listing courtesy of Coldwell Banker Realty.