The Palm Springs Hotel, A Kirkwood Collection 2135 N Palm Canyon Dr 15 Room Hotel Palm Springs, CA 92262 $6,355,705 CAD ($423,714 CAD/Room) 3.72% Cap Rate

Maxim Hotel Brokerage, Inc. is pleased to present an exclusive listing on the Palm Springs Hotel in Palm Springs, CA, one of the premier experiential boutique hotels in the market. Well located within a cluster of boutique hotels in the northern portion of Palm Springs, the hotel is among the first hotels encountered along Highway 111 by travelers from Los Angeles and Orange County. The location at the north end of the Uptown Design District is proximate to numerous spectacular restaurants and retail stores. Palm Springs is within two hours drive of Southern California’s 22-million-person population base. The hotel was fully renovated in 2014 and meticulously cared for ever since; and now a new entrepreneurial owner can continue to better position the hotel among Palm Springs’ extraordinary boutique hotel market.
The Property offers investors the opportunity to acquire an extraordinary mid-century modern, lifestyle boutique hotel asset at a discount to replacement cost, with upside to achieve a solid return on investment.
Overview
The Property consists of an 15-room, mid-century modern boutique hotel. Key investment highlights include:
- Boutique Palm Springs Lifestyle Asset – Highly experiential boutique hospitality asset in one of the most supply-constrained and lifestyle-driven lodging markets in the U.S.
- Proven ADR and Occupancy Performance – Demonstrated ability to maintain strong occupancy levels through multiple operating cycles within the highly competitive Palm Springs lodging market. The hotel has a multi-year history of achieving annual occupancy above 80%, with ADR in excess of $200. Even during softer occupancy periods, the hotel maintains meaningful rate integrity.
- Simple Rooms-Driven Revenue Model – No F&B on-site; the revenue model is almost entirely rooms revenue. This is easier to operate and forecast, generates higher margins and requires less staffing intensity.
- Upside Through Revenue Management & Operational Efficiencies – A hands on owner/operator could optimize revenue channels and generate very strong Net Operating Income margins.
- Strong Palm Springs Tourism Fundamentals – Palm Springs had a strong 2026 season, following a couple years of softness after the “covid bubble.” Numerous city initiatives are underway that will positively impact hotel room demand.
- Attractive Owner/Operator Scale – Priced within reach for an independent owner/operator, proprietor, or short-term-rental owner that will enjoy the efficiency and simplicity of operating 15 adjacent, licensed units.
- Authentic Mid-Century Desert Hospitality Experience – The property fits squarely into the high-demand Palm Springs boutique hotel ecosystem that travelers increasingly seek out over traditional flagged hotels.
- Comprehensively Redeveloped – Acquired in 2013 and transformed through a down-to-the-studs renovation completed in 2014, the Property underwent a comprehensive redevelopment including structural improvements, new plumbing, electrical, HVAC, roofing, windows, pool reconstruction, guestroom interiors, landscaping, hardscape, and technology infrastructure. Ownership has continued to invest in the asset through ongoing capital improvement programs, including guestroom refreshes, pool equipment modernization, HVAC replacements, and technology upgrades, resulting in approximately $2.9 million of cumulative capital investment since acquisition.