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Boutique Hotel Greater Palm Springs Area Seller Financing For Sale

Greater Palm Springs, California - South, US
Asking Price:
$1,300,000
Sales Revenue:
$1,476,201
Cash Flow:
Undisclosed

Located in the vibrant and highly desirable Greater Palm Springs area, this beautifully renovated boutique hotel offers a unique blend of charm, elegance, and modern luxury. The property has been fully renovated to provide guests with a memorable and comfortable experience, while maintaining its distinctive boutique character. From the moment visitors arrive, they are greeted by lush, landscaped grounds, leading to a sparkling heated swimming pool. The hotel boasts a diverse range of accommodations including tastefully appointed king and queen rooms, suites, and casitas that are scattered across the property. Adding to the allure of the property is an on-site wine bar, which offers a sophisticated and intimate setting where guests can enjoy carefully curated selections of wines. Situated in a prime location, the hotel benefits from the steady flow of tourists drawn to the areas arts and cultural events, outdoor activities, and upscale shopping and dining options. This turnkey boutique hotel is a rare opportunity to own a fully renovated hospitality business in the greater Palm Springs area. Financial information and private tours are available upon request for qualified buyers. Seller will finance $300,000 of the purchase price.
This information, while not guaranteed, has been obtained from sources deemed reliable. Buyer must verify the information and bear all risks for any inaccuracies. DRE

Property Information

Real Estate:

Lease

Lease Terms:

17 years remaining. Rent: $18,349 Reduces to $15,023 October 2027.

Leasehold Rent:

$220,188 per annum

Business Operation

Management type:
This business has absentee ownership.
Reasons for selling:

The seller resides out of state and operates the hotel remotely.

Trading hours:

24/7

Employees:
Employees: 6 FT 2 PT
Years established:
2020

Other Information

Support & training:

The sellers will train for an agreed-upon amount of time for a smooth transition.