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Les Cactus 555 S Warm Sands Dr 28 Room Hotel Palm Springs, CA 92264 $7,900,000 ($282,143/Room) 9.78% Cap Rate
INVESTMENT HIGHLIGHTS
- Prime Palm Springs location
- Exceptional Guest Ratings
- Excellent financials
EXECUTIVE SUMMARY
Les Cactus Palm Springs – 28-Room Boutique Hotel for Sale
Prime Palm Springs Location | Strong Financials | Top Ratings | Future Value-Add Potential
Ideally located in the heart of Palm Springs, Les Cactus Palm Springs is a highly acclaimed 28-room property (with one room currently used as a spa/massage space) that captures the quintessential Palm Springs lifestyle. This beautifully curated hotel has been meticulously maintained and continuously upgraded, delivering exceptional guest experiences and strong financial performance.
Property Highlights:
Award-Winning Design: Featured on the cover of Great Escapes USA. Hotel Book (TASCHEN), recognized for its stylish, mid-century-inspired design.
Top-Rated Guest Experience: Consistently high rankings with strong guest satisfaction:
TripAdvisor – 4.8 ? (556 reviews)
Google – 4.8 ? (309 reviews)
Expedia – 9.4/10 (450 reviews)
Booking.com – 9.2/10 (410 reviews)
Unique Outdoor Amenities: Saltwater pool, hammock garden, fire pit lounge, lush tropical landscaping, multiple seating areas – all set within a fully walled and secured lot.
Thoughtful Guest Services: Complimentary continental breakfast, snacks, curated beer, wine, and cocktail selections, high-speed Wi-Fi, bicycles for guest use, and a stylish, intimate lobby.
Turnkey Operation: Strong occupancy rates and proven profitability with glowing guest reviews.
Value-Add Opportunities:
28th Guest Room: Convert the existing spa/massage room back to a permitted guest room to immediately increase revenue.
Expanded F&B Program: Transform the current BOH kitchen and/or the massage room into an expanded bar and kitchen, enabling made-to-order breakfast, lunch, and a full craft cocktail menu to enhance the guest experience and drive incremental revenue.
Revenue Optimization: Implement advanced revenue management software to further increase ADR and maintain competitive market positioning.
Event Buyouts: Capitalize on numerous wedding and group buyout requests that present untapped revenue potential.
With excellent financials, a prime Palm Springs location, and multiple avenues for future growth, Les Cactus presents a rare opportunity for investors to acquire a high-performing, turnkey boutique hotel with tremendous upside.
Do not disturb operations. Showings available only to qualified buyers with proof of funds. Full financials and property details available upon request.
Prime Palm Springs Location | Strong Financials | Top Ratings | Future Value-Add Potential
Ideally located in the heart of Palm Springs, Les Cactus Palm Springs is a highly acclaimed 28-room property (with one room currently used as a spa/massage space) that captures the quintessential Palm Springs lifestyle. This beautifully curated hotel has been meticulously maintained and continuously upgraded, delivering exceptional guest experiences and strong financial performance.
Property Highlights:
Award-Winning Design: Featured on the cover of Great Escapes USA. Hotel Book (TASCHEN), recognized for its stylish, mid-century-inspired design.
Top-Rated Guest Experience: Consistently high rankings with strong guest satisfaction:
TripAdvisor – 4.8 ? (556 reviews)
Google – 4.8 ? (309 reviews)
Expedia – 9.4/10 (450 reviews)
Booking.com – 9.2/10 (410 reviews)
Unique Outdoor Amenities: Saltwater pool, hammock garden, fire pit lounge, lush tropical landscaping, multiple seating areas – all set within a fully walled and secured lot.
Thoughtful Guest Services: Complimentary continental breakfast, snacks, curated beer, wine, and cocktail selections, high-speed Wi-Fi, bicycles for guest use, and a stylish, intimate lobby.
Turnkey Operation: Strong occupancy rates and proven profitability with glowing guest reviews.
Value-Add Opportunities:
28th Guest Room: Convert the existing spa/massage room back to a permitted guest room to immediately increase revenue.
Expanded F&B Program: Transform the current BOH kitchen and/or the massage room into an expanded bar and kitchen, enabling made-to-order breakfast, lunch, and a full craft cocktail menu to enhance the guest experience and drive incremental revenue.
Revenue Optimization: Implement advanced revenue management software to further increase ADR and maintain competitive market positioning.
Event Buyouts: Capitalize on numerous wedding and group buyout requests that present untapped revenue potential.
With excellent financials, a prime Palm Springs location, and multiple avenues for future growth, Les Cactus presents a rare opportunity for investors to acquire a high-performing, turnkey boutique hotel with tremendous upside.
Do not disturb operations. Showings available only to qualified buyers with proof of funds. Full financials and property details available upon request.
PROPERTY FACTS
| Price | $7,900,000 | Lot Size | 0.99 AC |
| Price Per Room | $282,143 | Building Size | 13,460 SF |
| Sale Type | Investment | No. Rooms | 28 |
| Cap Rate | 9.78% | No. Stories | 1 |
| Sale Condition | 1031 Exchange | Year Built/Renovated | 1930/2020 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 1.57/1,000 SF |
| Building Class | B | Corridor | Exterior |
| Zoning | R2 | ||
| Price | $7,900,000 |
| Price Per Room | $282,143 |
| Sale Type | Investment |
| Cap Rate | 9.78% |
| Sale Condition | 1031 Exchange |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.99 AC |
| Building Size | 13,460 SF |
| No. Rooms | 28 |
| No. Stories | 1 |
| Year Built/Renovated | 1930/2020 |
| Tenancy | Single |
| Parking Ratio | 1.57/1,000 SF |
| Corridor | Exterior |
| Zoning | R2 |
AMENITIES
- Pool
- High Speed Internet Access
- Patio
- On-Site Bar
- Boutique/Lifestyle Hotel
- Public Access Wifi
- Smoke-Free
- Hot Tub
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 6 | $333.00 | - |
| Guest Room | 22 | $318.00 | - |
1 1
Bike Score®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | 508-213-001 | Improvements Assessment | $3,609,030 |
| Land Assessment | $984,280 | Total Assessment | $4,593,310 |
PROPERTY TAXES
Parcel Number
508-213-001
Land Assessment
$984,280
Improvements Assessment
$3,609,030
Total Assessment
$4,593,310
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Les Cactus | 555 S Warm Sands Dr
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