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12699 Reposo Way
Desert Hot Springs, CA 92240
The Spring Resort & Spa · Hospitality Property For Sale · 10,000 SF

PROPERTY FACTS

Property Type Hospitality
Property Subtype Hotel
Building Class A
Lot Size 0.83 AC
Building Size 10,000 SF
No. Stories 1
Year Built 1955
Parking Ratio 1.15/1,000 SF
Corridor Exterior
Zoning R4, Desert Hot Sprgs

AMENITIES

  • Pool
  • Spa
  • On-Site Retail
  • High Speed Internet Access
  • Patio
  • Destination Resort
  • Boutique/Lifestyle Hotel
  • Bed & Breakfast
  • Public Access Wifi

ABOUT 12699 REPOSO WAY , DESERT HOT SPRINGS, CA 92240

An unprecedented opportunity to acquire one of the top performing spa resorts in California. THE SPRING Resort & Spa boasts a 79% annual occupancy, $186 ADR, $147 Revpar (8/1/14 - 7/30/15) and a busy Day Spa rivaled by no other comparably sized spa in the Greater Palm Springs area. THE SPRING Resort & Spa claims the hottest mineral spring water of all the spas in Desert Hot Springs, emerging at 170 degrees. This Fee simple property consisting of 3 lots identified as Assessor Parcel Number' s (APN) 642-122-002/003 and 642-123-010 in Riverside County. THE SPRING has 13 guest accommodations that range from 2 two bedroom villas to deluxe poolside Kings. This unique property boasts 6 treatment rooms that make up the spa portion of the property. THE SPRING Resort & Spa' s 2015 Gross Income total was $1,475,000 and this business continues to out perform expectations. THE SPRING Resort & Spa is not just a boutique hotel, but a thriving day spa that outperforms in every category and only provides first class service. Contact Broker for Full Marketing and Financial Information. ______________________________________________________ The only city in the Coachella Valley at an elevation, Desert Hot Springs has vast, breathtaking views of the Valley. Views, geothermal springs and 5 to 10 degrees cooler temperatures than the valley floor in the summer makes Desert Hot Springs a prime vacation destination. Desert Hot Springs' Mission Statement makes its commitment clear to the developing tourism industry. In 2006 the city implemented the Visitor Serving (Spa Zone) Ordinance, protecting the hot water areas from residential development. The Ordinance preserves the property over the Hot Water Zones for visitor serving development by preventing residential growth around existing spas.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
642-122-002
Land Assessment
$203,099
Improvements Assessment
$1,566,788
Total Assessment
$1,769,887
  • Listing ID: 3627692

  • Date on Market: 9/23/2016

  • Last Updated:

  • Address: 12699 Reposo Way, Desert Hot Springs, CA 92240

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