East Palm Canyon Drive
Hospitality | 143 Keys
Marketing description
This is an Operating 143 Room Hotel & 2 Freestanding Restaurants on 3 Separate Parcels totaling 7 Acres.
Shown by Appointment Only. Please Do Not Contact Hotel Personnel.
1201 East Palm Canyon Drive - 7,500 SF Former Steakhouse / ±1.34 Acre Parcel
1243 East Palm Canyon Drive - 4,375 SF Former Carrows Restaurant / ±0.94 Acre Parcel
1269 East Palm Canyon Drive - 143 Room Travelodge / ±4.71 Acre Parcel
Located in the highly popular East Palm Canyon Corridor between the Ace Hotel and the Saguaro Hotel. This desirable wind free area of Palm Springs is owned by the Agua Caliente Indians and ground leased to Hotels, Restaurants, Shopping Centers and Condominium projects throughout the corridor. A new 99-year Lease Term has been executed, with a start date of May 1, 2024.
Just west of Sunrise Way on East Palm Canyon Drive
Investment highlights
REDEVELOPMENT OPPORTUNITIES
Hotel
- Renovate, rebrand, add amenities on excess land, or relocate and expand pool area to front of hotel rooms (middle of property).
- Redevelop into a popular pool party venue with outdoor bar and entertainment.
Restaurants
- Renovate and integrate into a full service resort or lease separately to subtenants or demolish and add height and density to either or both prime frontage parcels.
Zoning: R3 - Multi family & hotel use/apartment, condo, restaurants, Rehab w/CUP, Assisted Living w/CUP
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