Palm Springs Wellness Retreat La Fontaine · 2017. 4. 6. · Palm Springs Wellness Retreat "La...

Palm Springs Wellness Retreat"La Fontaine"1777 North Palm Canyon Dr., Palm Springs, CA 92262

Robert WeinbergDream Home Estates2901 West Pacific Coast Highway,Newport Beach, CA [email protected](310) 995-6073License: 01512423

mailto:[email protected]

Price: $1,499,000

No. Rooms: 15

Building Size: 5,188 SF

Price/Room: $99,933.33

Property Type: Hotel & Motel

Property Sub-type: Economy/Limited Service

Property Use Type: Business For Sale

Commission Split: 2.5%

Average Daily Rate: $150

RevPAR: $90

Palm Springs WellnessRetreat "La Fontaine"$1,499,000

Very Charming 15 Room Boutique Hotel & OPERATINGBUSINESS Has 13 scalable Guest Rm's: 6 Standardsize, 7 Deluxe size ( 3 with private patios ) ALLROOMS w/ French doors facing interior courtyard &pool. Furnishings can be included. ADDITIONALROOMS: 1 bed. 1 ba. Manager's Suite & Front Office.Rm # 9 is configured as a Community kitchen.Housekeeping & Roman Gazebo Enclosure - "MiniNight Club". Tile, Concrete & Gravel Courtyard has:Heated Pool , Whirlpool Spa & grounds w/ ampleseating areas: Front and rear secured gated entrance toHotel, exterior lighting & monument signage. Fountains,landscaping, curbing & front driveway. Parking lotbehind hotel for 20 + cars. 2 side alley access.PRIVACY FENCED ENCLOSURE w/ SPECTACULARMOUNTAIN VIEWS. Excellent Location, Zoned C -1Retail / Business/ Hotel . NEW: All inclusive Hot / ColdRe-pipe of entire property, Tank-less Water Heaters, Allrooms w/ A/C, New -energy efficeint Pool & SpaHeaters & Variable speed pumps. Pool Permitted byRS County. Business Licensed, Fire Inspected &registered with the City of PS. RECENTLYAPPRAISED @ $1.7M SOLD "AS-IS", ALL CASH, orCash to new loan. SHOWN BY APPOINTMENT ONLY

BUSINESS IN OPERATION: All New Improvements

Excellent Location & Visibility to traffic coming in &

out of town

1 Bdr. Manager's Apt. & Office, Rm 9 configured as a

Community Kitchen

6 Standard, 7 Delux AC- Rooms. + Housekeeping,

Maintenence & Storage rooms

Heated Pool, Jacuzzi, Courtyard, Mini - Night Club, &

Privacy Fenced Enclosure

Ample off-street parking (20 + Cars) PERFECT For

Groups & a Private retreat

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Unit/Room Mix Information

Description No. Rooms Avg. Rate

Standard Room (240 Sq. Ft.) 6 $130

Delux Room ( 320 Sq. Ft. ) 4 $140

Delux Room (320 Sq. Ft) w/ patio & tub 3 $160

TOTALS: 13 $140

2014 Area Ave. $153.58 ADR, $90.53RvPAR

0

1777 North Palm Canyon Dr., Palm Springs, CA 92262

From LA: 10 Frwy East to Hwy 111. Exit towards Palm Springs. Hotel will be on the rightbefore W. Vista Chino. From Indio: 10 Frwy West, to Indian Canyon Drive. Right on VistaChino, Right on N.Palm Canyon Drive. Hotel on the left. Near Intersection of N. Palm Cyn &Vista Chino, Opposite of Shell Gas Station and across street from: Billy Reed's Restaurant.

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Palm Springs Wellness Retreat La Fontaine · 2017. 4. 6. · Palm Springs Wellness Retreat "La...

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