Description
The Property is ideally located within the Warm Sands neighborhood and is within a 3-minute drive to the numerous restaurants, retail and nightlife offered in Downtown Palm Springs. Originally built in 1957, this distinctive 9-room, adult only hotel is set around a tranquil courtyard which features a crystalline salt water outdoor pool, relaxing jetted spa, and features a barbecue area. There are 4 different types of suites available, featuring full kitchens, kitchenettes, private patios, exterior seating areas and private living areas. The Property offers the savvy investor or user an opportunity to purchase a boutique hotel income producing Property with 9 room suites, in room kitchenettes, a fabulous courtyard with a pool and jacuzzi all surrounded by stunning mountain views.The Avance Hotel offers a luxurious experience for guests, with spacious rooms, premium bedding and top-notch amenities. With the popularity of Palm Springs as a tourist destination, the demand for high quality accommodations remains high, offering the discerning investor the opportunity to generate high occupancy rates and future returns.
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9BEDS
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0.3ACRES
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0BATHS
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01/2 BATHS
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3,604SQFT
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$791$/SQFT
School Ratings & Info
Description
The Property is ideally located within the Warm Sands neighborhood and is within a 3-minute drive to the numerous restaurants, retail and nightlife offered in Downtown Palm Springs. Originally built in 1957, this distinctive 9-room, adult only hotel is set around a tranquil courtyard which features a crystalline salt water outdoor pool, relaxing jetted spa, and features a barbecue area. There are 4 different types of suites available, featuring full kitchens, kitchenettes, private patios, exterior seating areas and private living areas. The Property offers the savvy investor or user an opportunity to purchase a boutique hotel income producing Property with 9 room suites, in room kitchenettes, a fabulous courtyard with a pool and jacuzzi all surrounded by stunning mountain views.The Avance Hotel offers a luxurious experience for guests, with spacious rooms, premium bedding and top-notch amenities. With the popularity of Palm Springs as a tourist destination, the demand for high quality accommodations remains high, offering the discerning investor the opportunity to generate high occupancy rates and future returns.
Based on information from the Combined LA/Westside Multiple Listing Service as of 2023-06-02T19:43:45.82. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.