555 Warm Sands Drive, Palm Springs, CA 92264
  • MLS#: 219133584PS ( )
  • Street Address: 555 Warm Sands Drive
  • Viewed: 10
  • Price: $8,950,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1947
  • Bldg sqft: 0
  • Additional Information
  • County: RIVERSIDE
  • City: Palm Springs
  • Zipcode: 92264
  • Provided by: Luca Realty Trust, Inc.
  • Contact: Scott Scott
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Ideally located in the heart of Palm Springs, Les Cactus Palm Springs is a highly acclaimed 28 room property (with one room currently used as a spa/massage space) that captures the quintessential Palm Springs lifestyle. This beautifully curated hotel has been meticulously maintained and continuously upgraded, delivering exceptional guest experiences and strong financial performance. Property Highlights include Award Winning Design: Featured on the cover of Great Escapes USA. Hotel Book (TASCHEN), recognized for its stylish, mid century inspired design. Top Rated Guest Experience: Consistently high rankings with strong guest satisfaction: TripAdvisor 4.8 Stars (556 reviews), Google 4.8 Stars (309 reviews), Expedia 9.4/10 (450 reviews), Booking.com 9.2/10 (410 reviews). Unique outdoor amenities include Saltwater pool, hammock garden, fire pit lounge, lush tropical landscaping, multiple seating areas all set within a fully walled and secured lot. Thoughtful Guest Services feature complimentary continental breakfast, snacks, curated beer, wine, and cocktail selections, high speed Wi Fi, bicycles for guest use, and a stylish, intimate lobby. This turnkey operation boasts strong occupancy rates and proven profitability with glowing guest reviews. Value Add Opportunities include but are not limited to the 28th Guest Room: Convert the existing spa/massage room back to a permitted guest room to immediately increase revenue. Expand the F&B Program by transforming the current BOH kitchen and/or the massage room into an expanded bar and kitchen, enabling made to order breakfast, lunch, and a full craft cocktail menu to enhance the guest experience and drive incremental revenue. Optimize revenue by implementing advanced revenue management software to further increase ADR and maintain competitive market positioning. Offer event Buyouts to capitalize on numerous wedding and group buyout requests that present untapped revenue potential. With excellent financials, a prime Palm Springs location, and multiple avenues for future growth, Les Cactus presents a rare opportunity for investors to acquire a high performing, turnkey boutique hotel with tremendous upside. Do not disturb operations. Showings available only to qualified buyers with proof of funds. Full financials and property details available upon request.
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Features
Accountingtype
  1. Actual
Assetclass
  1. Hotel/Motel
Country
  1. US
Exclusions
  1. FF&E Inventory to be provided by Seller within 5 days of an accepted offer.
Heating
  1. Electric
Inclusions
  1. FF&E Inventory to be provided by Seller within 5 days of an accepted offer.
Land Use
  1. Other
Laundry Features
  1. Inside
Parcel Number
  1. 508213001
Postalcodeplus4
  1. 7632
Roof
  1. Tile
Security Features
  1. Carbon Monoxide Detector(s)
  2. Smoke Detector(s)
Utilities
  1. Underground Utilities
  2. Electricity Connected
Views
  1. 10
Virtual Tour Url
  1. https://my.matterport.com/show/?m=VPdiFb8g86c&mls=1
Year Built
  1. 1947