Boutique Hotel - Legendary City Retreat For Sale

www.GlobalBX.com

Listing ID: 700196691

Listing Title: Boutique Hotel - Legendary City Retreat For Sale

Quick Link: http://www.globalbx.com/listing.asp?bId=196691

Industry: Hotels and Holiday Accommodation

Industry Segment: Hotels

Country: United States

State / Province: California

Area Southern California - Los Angeles Area

City: Palm Desert

Asking Price Range: $2.5M - $5.0M

Gross Revenues: $795,000

Cash Flow: $158,000

Cash Flow Type: Sellers Discretionary Cash

Year Established: 1900

Number of Employees: 1 - 3

Business Description:
Located In The World Renowned Desert Resort City! In The Heart Of The Upscale Downtown Location! Only Steps Away From Downtown Palm Springs Village! Luxury Restaurants & Entertainments Around! Discover This Personal Hideaway! You Can Now Own This Property And The Business! A Quaint, Intimate Hotel! One Story Building! Total 8 Room Suites! All With Poolside View! Suites Include Fireplace In Bedroom! All Suites Are With Kitchenettes! Also Has Private Patio Retreats! Building Size Over 10,000 Square Feet! Total Lot Size About 11,427 Square Feet! A Small Size Hotel For Easy Management! Real Turnkey Business! Great Career And You Own The Land Too! Own Real Estate In One Of The Busiest Tourist Destinations! Awarding Winning Property! A Tastefully Designed Boutique Hotel! All With Stunning Mountain Views! Surrounded By Palms And Flowering Plants! Shady Patios & Sparkling Fountains! Gated & Secured Ground! Unique Decorated Suites! Great Comfort & Privacy For Guests! Huge Potential For New Management! Great Location For Aggressive Marketing! Can Easily Upgrade It To A Theme Boutique Hotel! Decorate Each Suite With One Unique Theme! One Of A Kind Intimate Unique Luxury Retreat! Close By Other Luxury Spas & Shopping Centers! Rare Find Investment Opportunity! Seller Is Flexible! Location: Palm Desert, CA Asking Price: $2,999,900 Annual Gross: $795,000 [Estimated] Annual Net: $158,000 [Estimated] Year Established: 1900 Employees: 2 Full Time Inventory: Included In This Sale FF&E: Included In The Sale Real Estate: $950,000 [Included] Parking Spaces: 9



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