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Adara Hotel Palm Springs 1450 S Palm Canyon Dr 31 Room Hotel Palm Springs, CA 92264 $4,290,000 ($138,387/Room)
INVESTMENT HIGHLIGHTS
- Location: Directly on Palm Canyon Drive, next to Yara Hotel and Sophia Hotel, and walking distance to Downtown Palm Springs.
- Fee simple ownership
- Mountain view, resort style courtyard pool, hot tub
- Across from Bar Cecil and Miros Restaurant
EXECUTIVE SUMMARY
PROPERTY FACTS
AMENITIES
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
- Hot Tub
ABOUT 1450 S PALM CANYON DR , PALM SPRINGS, CA 92264
A rare opportunity to acquire a classic 1950s mid-century modern boutique hotel located in the heart of Palm Springs in the Palm Valley neighborhood, a premier destination for boutique hospitality. The Adara Hotel is a 33-room property ideally suited for an owner-operator or boutique brand repositioning. With unobstructed mountain views, a resort-style courtyard pool, hot tub, and fee simple ownership, this hotel presents a compelling value-add investment opportunity in a thriving hospitality market. 33 Total Keys - 4 Rooms: Single Bed with Full Kitchen - 5 Rooms: Two Beds with Full Kitchen - 22 Standard Rooms (Various Layouts) - 2 Bedrooms, 2 Bathrooms, Full Kitchen, Living Room (Located Next to Lobby) ________________________________________ Amenities - Resort-Style Pool - Outdoor Hot Tub - Large Courtyard Patio - Guest Laundry Facilities - Iconic Mid-Century Architecture - Picturesque Views: Mountains & Pool Area
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 2 | $187.00 | - |
| Guest Room | 29 | $162.00 | - |
PROPERTY TAXES
| Parcel Number | 508-344-004 | Improvements Assessment | $2,000,000 |
| Land Assessment | $500,000 | Total Assessment | $2,500,000 |
PROPERTY TAXES
Presented by
RAMNAM LLC
Adara Hotel Palm Springs | 1450 S Palm Canyon Dr
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