Value Add - Hotel Investment Opportunity in the most sought- after city in the Coachella Valley!
Booming Palms Springs, California. The Resort Capital of the world.
Ivy Palm Resort & Spa located at 2000 N Palm Canyon Drive, Palm Springs, California.
The Ivy Palm Resort and Spa hotel has a clean, simple and oasis design with 100 guest rooms with 6 Studios and a restaurant.
The hotel sits on 3 acres of Fee -Simple land, located off Highway 111, the main entrance to Downtown Palm Springs. There is tremendous upside for renovating and rebranding to a Full - Service Hotel & Resort.
The hotel has stunning Panoramic views to the San Jacinto mountains and the famous Tramway.
Amenities Include:
Complimentary continental breakfast and parking, 2 outdoor pools and spas, fitness room with available massage treatments on site. Guests also have access to discounted rates at a nearby golf course. All rooms have free Wi-Fi, desks and premium cable TV, minifridges and coffeemakers. Upgraded rooms feature private patios.
The Ivy Palm Resort & Spa hotel is set 2 miles from the Palm Springs Convention Center and is also 3.4 miles from the Moorten Botanical Garden and Cactarium. It is just 5 minutes’ drive from the Palm Springs Aerial Tramway.
*100 Guest Rooms
*Rebranding and redevelopment Opportunity
$126,000 per key at listing
Large Breakfast room and Lobby
Fitness room
Game room
2 Pools and spas
3 Acres of Fee Simple land
Separate restaurant
Electronic Keyless entry
Across from Marriott “Autograph Collection” under constructi
