1269 East Palm Canyon Drive Palm Springs, CA 92264; Hotel & Motel For Sale; 7/19

1269 East Palm Canyon Drive Palm Springs, CA 92264; Hotel & Motel For Sale; 7/19


QUALITY INN (Hotel Redevelopment Opportunity)

Price $7,500,000 Property Use Type Investment
No. Rooms 143 No. Stories 2
Building Size 62,416 SF Property on Ground Lease? Yes
Price/Room $52,447.55 Year Built 1978
Property Type Hotel & Motel Corridor Exterior
Property Sub-type Economy/Limited Service

 

Description

BACK ON THE MARKET!!
This is an Operating 143 Room Hotel & 2 Freestanding Restaurants on 3 Separate Parcels totaling 7 Acres. Shown by Appointment Only. Please Do Not Contact Hotel Personnel.

1201 East Palm Canyon Drive
– 7,500 SF Former Steakhouse
– 1.34 Acre Parcel
1243 East Palm Canyon Drive
– 4,375 SF Former Carrows Restaurant
– 0.94 Acre Parcel
1269 East Palm Canyon Drive
– 143 Room Quality Inn
– 4.71 Acre Parcel

Located in the highly popular East Palm Canyon Corridor between the Ace Hotel and the Saguaro Hotel. This desirable wind free area of Palm Springs is owned by the Agua Caliente Indians and ground leased to Hotels, Restaurants, Shopping Centers and Condominium projects throughout the corridor. The maximum terms are 99 year leases and extensions to older leases have been granted subject to appraisal and Bureau of Indian Affairs approval.

Just west of Sunrise Way on East Palm Canyon Drive