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Onsen Hotel and Spa 12921 Tamar Dr

21 Room Hotel Desert Hot Springs, CA 92240 £4,264,353 (£203,064/Room)

Investment Highlights

  • Brand New Rennovations for turn key aquisition
  • Highest Ratings & Best reviews in the City
  • Mineral Water Spa & additional Parcel with second well included

Executive Summary

Amazing down-to-the-studs renovated Hospitality investment opportunity; Introducing The Onsen Hotel, the highest-rated and best-reviewed hotel in beautiful Desert Hot Springs California! This #1 ranked hotel on Trip Advisor is adult-only and pet-friendly with several other unique amenities including Mineral Water spa packages, deluxe breakfast, and a bevy of room & bed options to choose from. The Hotel, Spa space, pool, and 21 current rooms have been fully renovated and finished with unique luxury finishes sure to please every discerning guest, and the next owner has the option to alter the offering and create 2 additional rooms for increased Revenue and NOI. The purchase also comes with the adjacent lot to be developed to spec with its own mineral water well, allowing the next owner to develop additional rooms, a separate spa facility, or anything else you can imagine. Desert Hot Springs Values continue to rise as the market is edged out of Palm Springs proper, come get your hands on this great hospitality property before its too late!

Property Facts

Price £4,264,353
Price Per Room £203,064
Sale Type Investment
Sale Conditions 1031 Exchange
Property Type Hospitality
Property Subtype
Hotel
Building Class C
Lot Size 0.87 AC
Building Size 11,257 SF
No. Rooms 21
Number of Floors 2
Year Built/Renovated 1960/2022
Tenancy Single
Parking Ratio 2.13/1,000 SF
Corridor Exterior
Opportunity Zone Yes

Amenities

  • Fitness Centre
  • Pool
  • Spa
  • High Speed Internet Access
  • Patio
  • Public Access Wi-Fi
  • Smoke-Free
  • Hot Tub

Room Mix Information

Description No. Rooms Daily Rate SF
Suite 2 £219.09 -
Guest Room 19 £143.97 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 642-082-004
  • 642-082-002
  • 642-082-003
Land Assessment
£235,321
Improvements Assessment
£932,737
Total Assessment
£1,168,058

zoning

Zoning Code R4 (R4 zoning in California is intended for multiple-family residential units, such as apartments or condos, schools, churches and motel/hotels.)
R4 (R4 zoning in California is intended for multiple-family residential units, such as apartments or condos, schools, churches and motel/hotels.)
  • Listing ID: 32694478

  • Date on Market: 05/08/2024

  • Last Updated:

  • Address: 12921 Tamar Dr, Desert Hot Springs, CA 92240

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