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Adara Hotel Palm Springs 1450 S Palm Canyon Dr 31 Room Hotel Palm Springs, CA 92264 $5,462,403 CAD ($176,207 CAD/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
This is a unique chance to reposition a well-located, fee-simple boutique hotel in one of California’s most iconic resort destinations. Inquire today for additional financials, tours, and offering memorandum. Buyers are advised to conduct their own due diligence.
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 | $256.14 CAD | - |
| Guest Room | 29 | $221.89 CAD | - |
Property Taxes
| Parcel Number | 508-344-004 | Improvements Assessment | $2,768,140 CAD |
| Land Assessment | $692,035 CAD | Total Assessment | $3,460,175 CAD |
Property Taxes
Presented by
RAMNAM LLC
Adara Hotel Palm Springs | 1450 S Palm Canyon Dr
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