$5.95M - 22 keys - Boutique Hotel Investment - Palm Springs, CA, USA
Property Overview:
Location: Prime spot in Palm Springs, CA.
Total Land Area: 0.52 acres.
Built Area: 8,700 sq. ft. (Gross: 22,651 sq. ft.).
Number of Rooms: 22 rooms (18 guest rooms + suites).
Facilities:
Heated pool.
EV charging stations.
Rooftop & basement with potential for expansion.
Office, lobby, fitness center, housekeeping, and laundry.
Investment Highlights:
Fully operational with positive cash flow.
Net Income (2023): $342,744.
Cap Rate: 6.33%.
Recent Renovations: New AC units, flooring, TVs, pool heating, parking, and updated interiors.
Integrated with Airbnb, Booking.com, and Expedia.
Type 70 full liquor license included.
Market Potential:
14M+ annual visitors to Palm Springs, spending $7B+ per year.
High-demand location near tourist hotspots and golf courses.
Potential revenue increase by adding rooms and activating underutilized spaces.
Paul Kurdian
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