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$8,950,000

Est. payment - /mo

0.99 Acres Lot

New

555 Warm Sands DR Palm Springs, CA 92264

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Brent Cate

thecateteam@gmail.com +1(559) 304-6188

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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 219133584PS

HOA Y/N No

Year Built 1947

Lot Size 0.990 Acres

Property 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.

Location

State CA

County Riverside

Area 334 - South End Palm Springs

Interior

Heating Electric

Inclusions FF&E Inventory to be provided by Seller within 5 days of an accepted offer.

Fireplace No

Laundry Inside

Exterior

Utilities Available Electricity Connected, Underground Utilities

Roof Type Tile

Building

Lot Description Corner Lot, Lawn, Lot Over 40000 Sqft, Landscaped, Rectangular Lot, Sprinklers Timer, Sprinkler System, Street Level

Story 1

Others

Tax ID 508213001

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Virtual Tour https://my.matterport.com/show/?m=VPdiFb8g86c&mls=1

Listed by Scott Timberlake Luca Realty Trust, Inc.

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Brent Cate

License ID: 01482878

+1(559) 304-6188

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555 Warm Sands DR Palm Springs, CA 92264

Brent Cate

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555 Warm Sands DR