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2323 N Palm Canyon Dr
Palm Springs, CA 92262
Premier Boutique Hotel | The Cole Hotel · Hospitality Property For Sale
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11,832 SF
Investment Highlights
- The Cole Hotel is a 30-key boutique hotel with an on-site restaurant/ bar, a brand new outdoor pool and pool deck, and other amenities.
- Fully renovated in 2019/2020, the boutique hotel is in turn-key condition, all new M.E.P. and is on a fee simple site.
- Uptown Design District location, fee simple site, a lot of new development and boutique conversion happening in local neighborhood.
- Hotel has direct frontage off SR-111, seeing an average of 14,070 VPD, and offers easy access to I-10, the fourth-longest interstate in the US.
- The hotel is offered unencumbered by management and is ready to be positioned into Palm Springs’ strong boutique hotel segment.
- Freddie’s, the on-site restaurant and bar leasing space until 2027, serves guests with a bar and liquor license; license included in the sale.
Property Facts
| Sale Condition | Auction Sale | No. Stories | 2 |
| Type of Ownership | Fee Simple | Year Built/Renovated | 1959/2020 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 0.97/1,000 SF |
| Building Class | B | Corridor | Exterior |
| Lot Size | 0.91 AC | Parcel Number | 504-224-025 |
| Building Size | 11,832 SF | ||
| Zoning | C1 - Retail Business Zone. Hotels are permitted use. | ||
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.91 AC |
| Building Size | 11,832 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1959/2020 |
| Tenancy | Single |
| Parking Ratio | 0.97/1,000 SF |
| Corridor | Exterior |
| Zoning | C1 - Retail Business Zone. Hotels are permitted use. |
| Parcel Number | 504-224-025 |
Amenities
- Balcony
- Pool
- Restaurant
- High Speed Internet Access
- Patio
- On-Site Bar
- Boutique/Lifestyle Hotel
- Public Access Wifi
- Smoke-Free
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