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950 N Indian Canyon Drive

Palm Springs, CA 92262
  • $15,000,000
  • STATUS: Active
  • ON SITE: 74 Days
  • MLS #: 219097550
UPDATED: 69 min ago
$15,000,000
  • 50
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 22,623
    SQFT
  • $663
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1953
County:

School Ratings & Info

Description

Now offering for sale an incredible investment opportunity in Palm Springs featuring the 7 Springs Inn & Suites Hotel! This stunning mid-century modern property boasts 50 stylish rooms, and with recent renovations, this property combines the iconic design of the era with modern amenities and comforts.Adjacent to the Uptown Design District and a short walk to the heart of many top restaurants, shops, and landmarks, this location attracts all guests wanting to experience the best of Palm Springs. As you enter the hotel you'll see the iconic orange arches, which lead to a bright and airy lobby that sets the tone for the rest of the property. Step outside and you'll find two amazing common areas with lush greens, beautiful architecture, ample outdoor entertainment areas, and two pools!The spacious rooms feature a blend of vintage and contemporary decor, with pops of color and unique accents that make each one feel like a true oasis. Split between two floors, rooms feature either one or two beds, a sitting/office area, either a kitchenette or a full kitchen, and some even have private balconies overlooking pool or mountain views.With beautiful grounds and 50 rooms, this hotel has amazing earning potential with lots of upside for any investor. Whether it's booking rooms out on a traditional hotel model, marketing them on Airbnb (as this property is exempt from many Palm Springs STR restrictions), or hosting events for large personal/corporate parties.

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©2023 California Desert Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Glaab and Associates | Bennion Deville Homes. Based on information from the California Desert Association of Realtors as of 2023-09-30T18:35:19.907. 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 of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listing by the office/agent presenting the information.

Licensed in the State of California, USA
www.janiceglaab.com/homes/141568130
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950 N Indian Canyon Drive Palm Springs, CA 92262

  • Price: $15,000,000
  • Status: Active
  • On Site: 74 Days
  • Updated: 69 min ago
  • MLS #: 219097550
50
Beds
0
Baths
0
½ Baths
N/A
Acres
22,623
SQFT
$663
$/SQFT
1953
Built
Neighborhood:
Movie Colony
County:
Riverside
Area:
332 - Palm Springs Central
Property Description
Now offering for sale an incredible investment opportunity in Palm Springs featuring the 7 Springs Inn & Suites Hotel! This stunning mid-century modern property boasts 50 stylish rooms, and with recent renovations, this property combines the iconic design of the era with modern amenities and comforts.Adjacent to the Uptown Design District and a short walk to the heart of many top restaurants, shops, and landmarks, this location attracts all guests wanting to experience the best of Palm Springs. As you enter the hotel you'll see the iconic orange arches, which lead to a bright and airy lobby that sets the tone for the rest of the property. Step outside and you'll find two amazing common areas with lush greens, beautiful architecture, ample outdoor entertainment areas, and two pools!The spacious rooms feature a blend of vintage and contemporary decor, with pops of color and unique accents that make each one feel like a true oasis. Split between two floors, rooms feature either one or two beds, a sitting/office area, either a kitchenette or a full kitchen, and some even have private balconies overlooking pool or mountain views.With beautiful grounds and 50 rooms, this hotel has amazing earning potential with lots of upside for any investor. Whether it's booking rooms out on a traditional hotel model, marketing them on Airbnb (as this property is exempt from many Palm Springs STR restrictions), or hosting events for large personal/corporate parties.
Exterior Features

Gated Community No Levels Two Parking Unassigned Total Carport Spaces 0.00 Total Covered Spaces 0.00 Total Parking Spaces 30.00 Total Uncovered Assigned Spaces 30.00 View Yes View Type Mountain(S)Pool

Interior Features

Cooling Type Air Conditioning Fireplace No Flooring Other Heating Central Rooms Other Total Fireplaces 2

Property Features

Land Type Fee Simple Listing Terms Other Pool Yes Pool Construction In Ground Pool Description In Ground Pool Location Community Property Attached Detached No Sale Type Standard Security Safety Other Senior Community No Sewer InConnected And Paid Spa Hot Tub Yes Spa Hot Tub Construction In Ground Spa Hot Tub Description Community Tax Mello Roos No

Listing information © 2023 California Desert Association of Realtors.
Listing provided courtesy of Adam Gilbert of The Firm Brokerage: (760) 408-8874.
©2023 California Desert Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Glaab and Associates | Bennion Deville Homes. Based on information from the California Desert Association of Realtors as of 2023-09-30T18:35:19.907. 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 of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listing by the office/agent presenting the information.

Licensed in the State of California, USA
 
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Glaab and Associates | Bennion Deville Homes
44530 San Pablo, Suite 101
Palm Desert CA, 92260