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30865174
29994253

754 E San Lorenzo Rd, Palm Springs, CA 92264

MG
CA 02016029
Matthews
RS
CA CA 02192199
Matthews
Listed by Matthews
$5,649,000
103 days on market
Updated 64 days ago

A Place In The Sun Hotel & Villas

Details
Property Type Hospitality
Sub Type Hotel
Square Footage 12,040
Keys 17
Cap Rate 11.51%
NOI $650,427
Price per SqFt $469
Year Built 1951
Year Renovated 2005
Acreage 0.980

Boutique Palm Springs Hotel – 17 Units, 11.31% Cap, Major Upside & Hollywood Pedigree

Marketing description

Ryan Kawai Sanchez and Mitchell Glasson are pleased to present the exceptional opportunity to acquire the historic 17-key A Place In The Sun Hotel & Villas in Palm Springs, CA. Originally built as a private film production retreat in 1951, this walled-and-gated garden oasis is perfectly positioned to capture the high-ADR boutique traveler. Located just minutes from the Design District and downtown’s core, the property benefits from a steady base of high-end leisure demand driven by iconic events like Coachella, Stagecoach, and Modernism Week.

The hotel also draws consistent year-round activity from the San Jacinto mountain views, world-class golf, and the city's legendary mid-century modern tourism. Additional demand is fueled by its versatile unit mix, featuring villas with full kitchens that cater to the lucrative "extended stay" and private buyout markets. With limited boutique competition offering this level of privacy and historical soul, A Place In The Sun offers investors an attractive opportunity to capture reliable, premium demand in one of the most resilient hospitality markets in the country.

***Unauthorized visits or communication with on-site staff will result in buyer disqualification***

Investment highlights

  • Superior Footprint: ±1.05-acre lot featuring a central garden oasis—far more spacious than standard area hotels.

  • Premium Units: 17 rentable units (20 total), including twelve ±650 sq. ft. 'apartment-style' villas with full kitchens for higher ADR and extended stays.

  • Immediate Upside: 3 units currently offline for personal use provide a turnkey path to instant revenue growth.

  • Prime Setting: Secluded mid-century estate located ±1.5 miles from Downtown Palm Springs and Agua Caliente Casino.

  • Hollywood Pedigree: Built in 1951 for the cast/crew of Paramount’s A Place in the Sun; frequented by icons like Elizabeth Taylor and Marilyn Monroe.

  • Privacy-First: Mid-century bungalows with floor-to-ceiling windows and private, large walled patio gardens.

  • Untapped Potential: 100% organic demand with zero active advertising; significant growth opportunity through modern marketing.

  • Turnkey Transition: Proven in-place management for an absentee owner makes this a 'Day 1' operational asset.

  • Motivated Seller: Owner is exiting to fund a specific acquisition, offering an above-market return for a swift close.

Listing Contacts

MG
CA 02016029
Matthews
RS
CA CA 02192199
Matthews
Listed by Matthews

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$650,427.00
$54,202.25/mo

Valuation Metrics

0
DSCR
11.51%
Cap Rate
11.51%
ROI

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Additional Information

Name
David Harrington
License
02168060, 01320460
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245
Name
Mitchell Glasson
License
02016029
Name
Ryan Kawai Sanchez
License
CA 02192199
Brokerage
Matthews Real Estate Investment Services
Title
California
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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