950 Indian Canyon Dr, Palm Springs, CA 92262
50 Room Hotel | Palm Springs, CA 92262 | $13,500,000 ($270,000/Room)
For Sale
Active
- Date Added:
- September 16, 2024
- Days on Market:
- 7 days
Asking Price $13,500,000
- Property Type
-
Hospitality
- Square Feet
- 22,623 SF
Listing Contacts
Adam Gilbert
Verified Profile
- Property Info
Property Overview
$1.5MM MAJOR PRICE REDUCTION! 7 Springs Inn & Suites Hotel now offered for $13,500,000! This stunning mid-century modern property boasts 50 stylish rooms, and combines the iconic design of the era with modern amenities and comforts.
Adjacent to the Uptown Design District and a short walk to the heart of many top restaurants, shops, and landmarks, this location attracts all guests wanting to experience the best of Palm Springs. As you enter the hotel you’ll see the iconic orange arches, which lead to a bright and airy lobby that sets the tone for the rest of the property. Step outside and you’ll find two amazing common areas with lush greens, beautiful architecture, ample outdoor entertainment areas, and two pools! The spacious rooms feature a blend of vintage and contemporary decor, with pops of color and unique accents that make each one feel like a true oasis. Split between two floors, rooms feature either one or two beds, a sitting/office area, either a kitchenette or a full kitchen, and some even have private balconies overlooking pool or mountain views.
With beautiful grounds and 50 rooms, this hotel has amazing earning potential with lots of upside for any investor. Whether it’s booking rooms out on a traditional hotel model, marketing them on Airbnb (as this property is exempt from many Palm Springs STR restrictions), or hosting events for large personal/corporate parties, this property has numerous revenue streams that can be explored With its stunning mid-century modern design, recent renovations, and amazing location, don’t miss your opportunity to own this amazing property!
Adjacent to the Uptown Design District and a short walk to the heart of many top restaurants, shops, and landmarks, this location attracts all guests wanting to experience the best of Palm Springs. As you enter the hotel you’ll see the iconic orange arches, which lead to a bright and airy lobby that sets the tone for the rest of the property. Step outside and you’ll find two amazing common areas with lush greens, beautiful architecture, ample outdoor entertainment areas, and two pools! The spacious rooms feature a blend of vintage and contemporary decor, with pops of color and unique accents that make each one feel like a true oasis. Split between two floors, rooms feature either one or two beds, a sitting/office area, either a kitchenette or a full kitchen, and some even have private balconies overlooking pool or mountain views.
With beautiful grounds and 50 rooms, this hotel has amazing earning potential with lots of upside for any investor. Whether it’s booking rooms out on a traditional hotel model, marketing them on Airbnb (as this property is exempt from many Palm Springs STR restrictions), or hosting events for large personal/corporate parties, this property has numerous revenue streams that can be explored With its stunning mid-century modern design, recent renovations, and amazing location, don’t miss your opportunity to own this amazing property!
Property Details
- Class
- B
- Year Built
- 1953
- Stories
- 2
- Property Subtype
- Hotel
- Lot Size (sq. ft)
- 40,511 SF
- Units
- 50
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