Home Wanna Be a Hotel Owner? Write Your Next Chapter at a $1.45M Palm Springs Hotel
September 18, 2019
Palm Springs, CA, is no longer simply a magnet for retirees and snowbirds—now, just as in its 1960s heyday as a primo celeb-hangout spot, it’s attracting a much younger crowd.
Which means that for a entrepreneurial buyer, it may now be the perfect time to snap up this delightfully vintage hotel, listed for $1.45 million. Joan MacPherson of Bennion Deville Homes is handling the listing.
With eight bedrooms and eight baths—translating into seven rooms for rent—the midcentury hotel (dubbed “The Three Ten” and built in 1958) sits on a 6,534-square-foot lot on Palm Canyon Drive, on the south end of downtown.
Other trendy properties—including Ace Hotel & Swim Club—are within walking distance. Hotel California, a block away, went on the market in November, listed for $3.5 million. You may have also heard about the pop-up Taco Bell Hotel, which attracted oodles of cheesy buzz just across the street this summer. Residential abodes in this stylish desert enclave are just as hot.
One of the rooms
Bathroom in one of the rooms
The hotel’s next owner will reap the rewards of a recent remodel. Included in the renovations were a new roof, HVAC, hardscaping and landscaping, and a refresh of the interior and exterior spaces.
With Murphy beds, closets, and full kitchens in some of the rooms, these units could be perfect pads for long-term stays during the winter months, or for people coming into Palm Springs for business.
Each room overlooks the pool, and each also offers gorgeous mountain views. A courtyard and fire pit in the middle of the outdoor space encourage relaxing and socializing. The sale comes with an active hotel license, and all the units are currently occupied with extended-stay tenants.
Dare you take a stab at becoming a hip desert proprietor? This property affords an enterprising buyer all the tools for success in one of the nation’s hottest (and hippest) markets.