Desert Sun Resort | 1533 N Chaparral Rd
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Desert Sun Resort 1533 N Chaparral Rd
33 Room Hotel Palm Springs, CA 92262 $8,944,380 CAD ($271,042 CAD/Room)
Investment Highlights
- Incredible grounds with opportunity for expansion.
- 22 hotel rooms renovated in 2020; 11 courtyard rooms renovated 2016; 5 suites with kitchenettes
- Full liquor license
- Operates with experienced staff of Five full-time employees bolstered by additional part time staff and over 17-year absentee owner
- 192 solar panels installed in 2016 (owned)
Executive Summary
The Desert Sun Resort is a 33-room resort sitting on 1.67 acres of manicured grounds, featuring two full-size and heated pools, jacuzzi, bar/cafè (seats 50), lighted tennis court, spa (two-room), gift shop, two fire pits, loggia, green event lawns, and water features.
Highly rated with great historical occupancy and produces significant cash-flow. Room Renovations in 2016 and 2020. 11 courtyard rooms completed, and 192 full paid for solar panels installed in 2016. Still needs an update from nude to non-nude.
With a full liquor license and a full service restaurant on-site, a new operator has significant alternative cash-flow opportunities independent of room revenue, which is highly sought after and rarely available in a large specialty property like this.
Ample parking along three sides of the property, rarely available to hospitality properties within this proximity to Downtown.
Within walking distance of local retail stores, shopping plazas, restaurants, bars, and plenty of nightlife in a revitalized Downtown Palm Springs.
Highly rated with great historical occupancy and produces significant cash-flow. Room Renovations in 2016 and 2020. 11 courtyard rooms completed, and 192 full paid for solar panels installed in 2016. Still needs an update from nude to non-nude.
With a full liquor license and a full service restaurant on-site, a new operator has significant alternative cash-flow opportunities independent of room revenue, which is highly sought after and rarely available in a large specialty property like this.
Ample parking along three sides of the property, rarely available to hospitality properties within this proximity to Downtown.
Within walking distance of local retail stores, shopping plazas, restaurants, bars, and plenty of nightlife in a revitalized Downtown Palm Springs.
Property Facts
| Price | $8,944,380 CAD | Building Size | 22,000 SF |
| Price Per Room | $271,042 CAD | No. Rooms | 33 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1960/2020 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | B | Parking Ratio | 2.95/1,000 SF |
| Lot Size | 1.67 AC | Corridor | Exterior |
| Price | $8,944,380 CAD |
| Price Per Room | $271,042 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.67 AC |
| Building Size | 22,000 SF |
| No. Rooms | 33 |
| No. Stories | 2 |
| Year Built/Renovated | 1960/2020 |
| Tenancy | Single |
| Parking Ratio | 2.95/1,000 SF |
| Corridor | Exterior |
Amenities
- Pool
- Restaurant
- Spa
- On-Site Retail
- High Speed Internet Access
- Patio
- On-Site Bar
- Boutique/Lifestyle Hotel
- Tennis
- Public Access Wifi
- Smoke-Free
- Hot Tub
- Fully-Equipped Kitchen
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 2 | $490.59 CAD | - |
| Guest Room | 31 | $408.11 CAD | - |
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Walk Score ®
Very Walkable (75)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $3,221,205 CAD | |
| Land Assessment | $1,610,585 CAD | Total Assessment | $4,831,789 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,610,585 CAD
Improvements Assessment
$3,221,205 CAD
Total Assessment
$4,831,789 CAD
zoning
| Zoning Code | 3 (Hospitality Property) |
| 3 (Hospitality Property) |
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Desert Sun Resort | 1533 N Chaparral Rd
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