Inn at Palm Springs

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Address: 2525 N Palm Canyon Dr, Palm Springs, CA 92262, USA
Created date: July 9, 2024
Date last updated: July 10, 2024
  • Type 70 Full Liquor License
  • 22 Rooms | 25 Bathrooms | 2 Kitchens
  • 18 Guest Rooms With Mini Fridges & Microwaves
  • Industry Leading Integrated Software
  • High Traffic Count
  • Positive Cash Flow
  • Pet Friendly
  • Pass Through Breezeway Bar
  • Accommodates Up to 56 Guests
  • EV Charging On-Site
  • 9 out of 10 Rating on Booking.com & Hotels.com
  • Clean Phase I Environmental Report
  • Hotel Buy-Outs & Events
  • Heated Pool

Property Description

John 14:6 – Jesus said unto him “I am the way, the truth, and the life. No one comes to the Father except through Me.”The Inn at Palm Springs is a 22-room boutique hotel investment opportunity located at 2525 N. Palm Canyon Drive in Palm Springs, CA. Experience the convenience of the Inn’s central location, situated between the historic and charming little Tuscany neighborhood and the trendy Uptown Design District. Whether you’re heading downtown for shopping, hitting the golf course, visiting the casino, or catching a flight, the Inn at Palm Springs offers easy access to it all and has served as the gateway into Palm Springs since the 1960’s as the first hotel in town!The property is on fee simple land and comes equipped with 22 rooms, 18 guest rooms, accommodations for 56 guests, 25 bathrooms, 2 kitchens, a pass-through breezeway bar, a permitted pool, contactless management, self-check-in, rooftop space with the potential to be repurposed, a 1,500 sq. ft. basement, and potential to increase guest capacity.The Inn at Palm Springs has recently achieved a distinguished accomplishment by receiving both the Kayak Travel Award and the HotelsCombined Recognition of Excellence in 2022 & 2023. This places the hotel among an elite group of top-rated properties worldwide, as determined by guest reviews and industry experts. Kayak specifically recognizes the Inn at Palm Springs for its consistent high level of guest satisfaction.This cash flowing investment opportunity recently appraised for $5,460,000 by Integra Hotels on September 12, 2023. The hotel also has a clean Phase I report completed by Partner Engineering on September 21st, 2023.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $5,500,000
No. of Units: 22
Average Occupancy: 6.33
Lot Size: 22,651.00 Sq ft
Opportunity Zone: No
Price per unit: $250,000
Property Website Click Here
Address: 2525 N Palm Canyon Dr, Palm Springs, CA 92262, USA
Provided by:

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