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143-Room Hotel on 6.99 Acres 3 Properties Offered at $12,475,000 in Palm Springs, CA
INVESTMENT HIGHLIGHTS
- 7 Acre Parcel with Room for Expansion
EXECUTIVE SUMMARY
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
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
PROPERTY FACTS
| Price | $12,475,000 | Number of Properties | 3 |
| Price / SF | $167.92 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 74,291 SF |
| Status | Active | Total Land Area | 6.99 AC |
| Price | $12,475,000 |
| Price / SF | $167.92 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 74,291 SF |
| Total Land Area | 6.99 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Travelodge by Wyndham Palm Springs
1269 E Palm Canyon Dr, Palm Springs, CA 92264 |
Hospitality | 62,416 SF | 1979 | - |
| 1201 E Palm Canyon Dr, Palm Springs, CA 92264 | Retail | 7,500 SF | 1991 | - |
| 1243 E Palm Canyon Dr, Palm Springs, CA 92264 | Retail | 4,375 SF | 1991 | - |
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143-Room Hotel on 6.99 Acres
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