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31467107
31467108

411 E Palm Canyon Dr, Palm Springs, CA 92264

ML
CA 02002995
Coldwell Banker Commercial Lyle & Associates
SL
CA 01462012
Coldwell Banker Commercial Lyle & Associates
Listed by Coldwell Banker Commercial Lyle & Associates
$7,750,000
86 days on market
Updated 86 days ago

Caliente Tropics Resort

Details
APN 513-060-006
Property Type Hospitality
Sub Type Motel
Keys 92
Year Built 1963
Year Renovated 2024
Stories 2
Acreage 2.970
Zoning R-3
Investment Type Value Add
Ownership Fee

Hospitality | 92 Keys

Marketing description

- Prime Palm Springs Location: Located in the heart of Palm Springs, the property benefits from strong tourism demand, walkability, and proximity to major hotels, restaurants, and entertainment destinations.

- Boutique Resort Asset: This 92-room hotel featuring a diverse mix of guest rooms and suites, offering a unique, low-rise resort-style layout consistent with Palm Springs hospitality trends.

- Value-Add Opportunity: Opportunity to increase revenue through ADR growth, operational efficiencies, and repositioning to align with higher-performing boutique and lifestyle hotel concepts.

- Proven Operating History: The property demonstrates consistent revenue generation with strong seasonal performance and established market presence.

- ADR Growth Potential: Historical performance supports the ability to push room rates during peak demand periods, with additional upside through professional revenue management strategies.

- Strong Tourism Market Fundamentals: Palm Springs continues to experience strong tourism, event-driven demand, and limited new supply, supporting long-term hospitality investment fundamentals.

- Repositioning & Branding Upside: Opportunity for a new owner to implement branding, renovations, or concept upgrades to capture higher market share and increase overall asset value.

- Long-Term Leased Land Structure: Typical Palm Springs leased land structure with remaining term in place, providing a known and underwritten expense component.

Investment highlights

  • Iconic 92-Room Boutique Resort
  • Value-Add Investment Opportunity
  • Significant RevPar & ADR Growth Opportunity!

Listing Contacts

ML
CA 02002995
Coldwell Banker Commercial Lyle & Associates
SL
CA 01462012
Coldwell Banker Commercial Lyle & Associates
Listed by Coldwell Banker Commercial Lyle & Associates

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