225 W Baristo Rd
Palm Springs, CA 92262
Del Marcos Hotel · Services hôteliers Propriété À vendre · 17 Pièces

Maxim Hotel Brokerage, Inc. is pleased to present an exclusive listing on Del Marcos Hotel. Ideally located within Palm Springs premier neighborhood for boutique hotels, the hotel is within a very short walking distance to Palm Springs Downtown Village and proximate to numerous spectacular restaurants and retail stores. Palm Springs is within two hours drive of Southern California’s 22-million-person population base. Unencumbered by brand or management, a new entrepreneurial owner will own and operate one of the highest rated boutique hotels in Palm Springs, a world class boutique destination hotel and resort market.
OVERVIEW
Del Marcos Hotel is a mid-century modern boutique hotel that competes within the high-end boutique segment in the Palm Springs market. Please consider the following highlights:
? Rare Class 1 Historic Landmark Designation – Designed in 1947 by renowned architect William F. Cody as his first independent commission, Del Marcos Hotel was designated a Class 1 Historic Site by the City of Palm Springs in 2012 in recognition of its architectural and cultural significance. As one of the city's few historically designated boutique hotels, the property offers a highly differentiated hospitality experience and benefits from enduring appeal among architecture, design, and heritage-focused travelers.
Premier Location within Historic Tennis Club Neighborhood - The hotel is nestled among some of Palm Springs’ best performing boutique hotels, including Avalon, La Serena Villas, The Ingleside Inn, Willows, Holiday House, Rowan and the future home of The Soho House Palm Springs. The Downtown Village is a short walk.
? Mills Act Agreement - Recorded Historic Property Preservation Agreement (Mills Act) with the City of Palm Springs provides favorable historic property tax treatment and runs with the land. This agreement materially reduces annual real estate taxes versus conventional valuation methods.
? Institutionally Owned and Operated - Originally built in 1947, current ownership bought the hotel in 2023 as part of a three-hotel portfolio anchored by La Serena Villas, adjacent to the south. Plenty of upside for an operator with hands-on proprietor-style operating plan.
? Historically Strong Performance - The property historically achieved strong RevPAR, in excess of $230 as recently as 2023. NOI exceeded $600,000 in recent years.
? Positive Market Trends - Performance trends have been stable and improving for the Palm Springs hotel market since 2023’s record breaking year. Market RevPAR is healthy and improving. Convention bookings, airport passenger counts and hotel performance trends have been very strong and are showing great promise for the remainder of 2026.
? Fee Simple Site - Unlike many other hotels in the Palm Springs market, Del Marcos offers fee simple ownership.