Published on: Monday, November 18, 2024
Updated on: Monday, November 18, 2024
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About the Lister
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Name: Geramie Bascomb
Company: Calvary Realty
Office Phone: (909)380-0073
Cell Phone: (909)701-7770
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  Inn at Palm Springs
2525 N. Palm Canyon Drive Palm Springs California , 92262
2525 N. Palm Canyon Drive Palm Springs California                                                                                          , 92262Calvary Realty
Listing ID: CL-California-12820

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): Contact Lister
Net Operating Income: Contact Lister
Commission Split (%): 0
Quick Glance
Listing ID: CL-California-12820
Status: Accepting Offers
Financing: Third Party Financing
Occupancy: N/A
Year Build: 1960
Building Size: 8,700.00 SqFt
Lot Size: N/A
No of Stories: 2
No of Parking: N/A
Offer to Millionaire Club: No
Business Available for Sale: No
Is Net Lease Investment: No
Property On Ground Lease: No
Building Status: Existing
Listing Summary
The Inn at Palm Springs is a 22-room boutique hotel investment opportunity located at 2525 N. Palm Canyon Drive in Palm Springs, CA. Experience the convenience of the Inn’s central location, situated between the historic and charming little Tuscany neighborhood and the trendy Uptown Design District.
Complete Details
Year Build: 1960
Building Size: 8,700 SqFt.
No of Stories: 2
Total Lot Area: N/A Acre
No of Parking: N/A
No of Total Units: N/A
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: Not Specified
Property on Ground Lease?: No
Net Lease Investment?: No
Business Price Included?: No
Roofing: Not Specified
Occupancy: 0%
Full Description
John 14:6 – Jesus said unto him “I am the way, the truth, and the life. No one comes to the Father except through Me.” The Inn at Palm Springs is a 22-room boutique hotel investment opportunity located at 2525 N. Palm Canyon Drive in Palm Springs, CA. Experience the convenience of the Inn’s central location, situated between the historic and charming little Tuscany neighborhood and the trendy Uptown Design District. Whether you’re heading downtown for shopping, hitting the golf course, visiting the casino, or catching a flight, the Inn at Palm Springs offers easy access to it all and has served as the gateway into Palm Springs since the 1960’s as the first hotel in town! The property is on fee simple land and comes equipped with 22 rooms, 18 guest rooms, accommodations for 56 guests, 25 bathrooms, 2 kitchens, a pass-through breezeway bar, a permitted pool, contactless management, self-check-in, rooftop space with the potential to be repurposed, a 1,500 sq. ft. basement, and potential to increase guest capacity. The Inn at Palm Springs has recently achieved a distinguished accomplishment by receiving both the Kayak Travel Award and the Hotels Combined Recognition of Excellence in 2022 & 2023. This places the hotel among an elite group of top-rated properties worldwide, as determined by guest reviews and industry experts. Kayak specifically recognizes the Inn at Palm Springs for its consistent high level of guest satisfaction. This cash flowing investment opportunity recently appraised for $5,460,000 by Integra Hotels on September 12, 2023. The hotel also has a clean Phase I report completed by Partner Engineering on September 21st, 2023.
Additional Properties
Property Highlights
  • Type 70 Full Liquor License
  • 22 Rooms | 25 Bathrooms | 2 Kitchens
  • 18 Guest Rooms With Mini Fridges & Microwaves
  • Industry Leading Integrated Software
  • High Traffic Count
  • Positive Cash Flow
  • Pet Friendly
  • Pass Through Breezeway Bar
  • Accommodates Up to 56 Guests
  • EV Charging On-Site
  • 9 out of 10 Rating on Booking.com & Hotels.com
  • Clean Phase I Environmental Report
  • Hotel Buy-Outs & Events
  • Heated Pool
Features
  • Office | Lobby | Fitness Center | Staff Quarters
  • Housekeeping & Laundry Rooms | Storage
  • Unused Basement & Unused Rooftop Space
  • Metropolitan Area: Riverside-San Bernardino-Ontario
  • Guest Room Configuration: 8 Doubles | 6 Kings | 4 Queens
  • Number of Rooms 22 (18 Guest Rooms)
Listing Location
Attached Documents
  • Download | 2023-Property-Taxes-IAPS-pdf.pdf ( 330.98KB)
  • Download | 2024-2025-Pool-Permit-pdf.pdf ( 317.56KB)
  • Download | Appraisal-2525-N-Palm-Canyon-Dr-Palm-Springs-2023-09-CBOC-pdf.pdf ( 14,760.44KB)
  • Download | Business-License-2024-2025-pdf.pdf ( 151.86KB)
  • Download | Economic-Impact-of-Tourism-GGreater-Palm-Springs-2023-pdf.pdf ( 3,538.91KB)
  • Download | Environmental-Phase-I-Report-2525-N-Palm-Canyon-Rd-Palm-Springs-CA-pdf.pdf ( 12,991.25KB)
  • Download | Fire-Department-Safety-Inspection-Certification-2024-pdf.pdf ( 108.12KB)
  • Download | Inn-at-Palm-Springs-OM1-pdf.pdf ( 2,897.39KB)
  • Download | Inn-at-Palm-Springs-Room-Config-xlsx.xlsx ( 10.80KB)
  • Download | PL-Tax-Summary-of-Expenses-2022-2023-Inn-at-Palm-Springs-xls.xls ( 36.00KB)
  • Download | Property-Bldg-Room-Layout-pdf.pdf ( 165.14KB)
  • Download | Title-Profile-pdf.pdf ( 203.25KB)
  • Download | OM-Inn-at-Palm-Springs-Palm-Springs-CA-pdf.pdf ( 6,178.93KB)
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