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Listed by Nerses Ananyan • Titus Realty, Inc.
$5,000,000
Est. payment /mo
4,500 SqFt
UPDATED:
02/23/2025 08:14 AM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,500 sqft
Price per Sqft $1,111
MLS Listing ID CRSR25023829
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1960
Lot Size 0.390 Acres
Property Sub-Type Other
Property Description
9-unit luxury boutique hotel located in an upscale residential area 1.5 miles from down town Palm Springs. After 10 years of successful operation owner is retiring. Currently the hotel is being run by employees with minimal owner interference. Completely updated. No deferred maintenance. No advertising. Minimal social media presence. Mostly referrals and return guests. One of the highest overall rated hotels in the country through all media platforms, including Google, Yelp, Expedia, Booking, TripAdvisor, etc. All the ratings are organic and travelers felt compelled to express their satisfaction without being asked for it. ***Offered at $4,400,000, *** SGI $556,500, ***NOI $297,437, ***CAP 6.76%.
Location
State CA
County Riverside
Interior
Heating Other
Flooring Laminate, Tile
Fireplace No
Laundry Community Facility, Other
Exterior
View Other
Building
Lot Description Other
Water Public
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