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33315229
33315221

2 Locations

ML
CA 02002995
Coldwell Banker Commercial Lyle & Associates
SL
CA 01462012
Coldwell Banker Commercial Lyle & Associates
Listed by Coldwell Banker Commercial Lyle & Associates
$5,500,000
6 days on market
Updated 5 days ago

20-Key Value-Add Boutique Hotel Portfolio-The Maya + The Mod

Details
Property Type Hospitality
Sub Type Hotel
Keys 20
Tenancy Vacant
Acreage 0.380
Investment Type Value Add

Hospitality | 20 Keys

Marketing description

The Maya + The Mod presents a rare opportunity to acquire a boutique hospitality portfolio in the highly desirable Palm Springs resort market. The offering consists of 17 currently operating guest rooms across two distinct lifestyle hospitality assets, with city support for expansion to 20 total keys. Located along North Indian Canyon Drive with iconic San Jacinto Mountain views, the property combines strong demographics, recent renovations, unique design-driven accommodations, and multiple value-add opportunities. The portfolio is well-positioned to benefit from Palm Springs' year-round tourism demand, major events, boutique hotel market growth, and continued hospitality investment throughout the Coachella Valley. The property is suitable for traditional boutique hotel operations, experiential hospitality concepts, wellness retreats, corporate retreats, and alternative lodging strategies.

Investment highlights

  • Adjacent Portfolio Creating Scale: Rare opportunity to acquire two side-by-side boutique hotel properties, enabling a combined 20-key operation. This scale allows for centralized management, branding, and operational efficiencies not typically available in smaller Palm Springs assets.
  • Current Use vs. Optimal Use: The properties are currently operated as short-term group rental accommodations rather than traditional hotel operations. Transitioning to a professionally managed boutique hotel operationl presents significant upside in occupancy, ADR, and overall performance.
  • Below-Market Key Utilization (17 of 20 Keys): The properties are currently configured as 17 total keys (9+8), while city records support 20 keys (12+8). Restoring the additional rooms provides a clear and measurable value-add opportunity with immediate impact on revenue potential.
  • Strong Palm Springs Tourism Fundamentals: Palm Springs continues to benefit from year-round tourism, event-driven demand, and limited new boutique hotel supply, supporting long-term hospitality investment fundamentals.
  • Price Supported by Comparable Sales: Offered at $275,000 per key, the pricing is supported by recent sales of renovated boutique hotel assets in Palm Springs. The valuation reflects market-based price-per-key metrics rather than in place income, aligning with current investment trends for repositioning opportunities.
  • Ideal Boutique Hotel / Branding Play: The combined footprint is well-suited for a new boutique hospitality concept, lifestyle brand, or independent operator. The layout, design, and Palm Springs market positioning support a differentiated guest experience.
  • Operational Upside Through Professional Management: Implementation of standard hotel practices—including online distribution channels, revenue management systems, and dynamic pricing—can significantly improve operating performance.
  • Turnkey Physical Improvements: The properties have undergone recent renovations, allowing a new owner to focus on operational repositioning and revenue growth rather than major capital improvements.

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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