Best Western Plus Palm Desert Resort | 74695 Highway 111
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Best Western Plus Palm Desert Resort 74695 Highway 111
150 Room Hotel Palm Desert, CA 92260 For Sale
Investment Highlights
- Next To prestigious Indian Wells- 4-acre lot with tennis courts, pickleball courts, extra large conference room for 75 people.
Executive Summary
Rare Opportunity -Best Western Plus with over a decade of ownership by the current proprietors, this
Hotel merits serious consideration. The hotel has 4 separate buildings with exterior corridors
that combine the guest rooms with outdoor patios, all encompassed over the 4-acre
fee-simple grounds. Amenities for the hotel include a large separate lobby, a fitness
center, and a guest lounge. Outdoor pool. The Best Western is well known for its large
breakfast area with outdoor or indoor seating. Close to the famous events that include
the Coachella concert festival, Big Horn Golf course, and the famous Indian Tennis
Gardens. Outdoor recreational area with tennis courts and grass area for pets. Meeting
banquet area space for up to 175 people. Newer parking lot and roof. Upscale well-kept
rooms. Pride in ownership! Unlimited potential.
Rooms: 153 Guest Rooms
INCOME :
2023 Room Revenue: $5,302,297
NOI: $1,508,914
ADR: $165.82
OCC: 60.1
Strong income performance for this Best Western Plus. Easy Franchise transfer to new owner.
Great Location near Indian Wells/Palm Desert on Hospitality Lane.
It shows very well, has no deferred maintenance, and Pride of ownership.
Over 1-acre lot with tennis courts, pickleball courts, and conference rooms, up to 75 people.
OBW Medallia YTD scores are as follows:
Overall Experience = 81.79
Breakfast = 92.98 - #1 in ALL of District 6
DRIVE BY ONLY. DO NOT WALK THE PROPERTY, DISTURB HOTEL GUESTS
Hotel merits serious consideration. The hotel has 4 separate buildings with exterior corridors
that combine the guest rooms with outdoor patios, all encompassed over the 4-acre
fee-simple grounds. Amenities for the hotel include a large separate lobby, a fitness
center, and a guest lounge. Outdoor pool. The Best Western is well known for its large
breakfast area with outdoor or indoor seating. Close to the famous events that include
the Coachella concert festival, Big Horn Golf course, and the famous Indian Tennis
Gardens. Outdoor recreational area with tennis courts and grass area for pets. Meeting
banquet area space for up to 175 people. Newer parking lot and roof. Upscale well-kept
rooms. Pride in ownership! Unlimited potential.
Rooms: 153 Guest Rooms
INCOME :
2023 Room Revenue: $5,302,297
NOI: $1,508,914
ADR: $165.82
OCC: 60.1
Strong income performance for this Best Western Plus. Easy Franchise transfer to new owner.
Great Location near Indian Wells/Palm Desert on Hospitality Lane.
It shows very well, has no deferred maintenance, and Pride of ownership.
Over 1-acre lot with tennis courts, pickleball courts, and conference rooms, up to 75 people.
OBW Medallia YTD scores are as follows:
Overall Experience = 81.79
Breakfast = 92.98 - #1 in ALL of District 6
DRIVE BY ONLY. DO NOT WALK THE PROPERTY, DISTURB HOTEL GUESTS
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Sale Type | Investment | No. Rooms | 150 |
| Property Type | Hospitality | Number of Floors | 3 |
| Property Subtype | Hotel | Year Built | 2000 |
| Building Class | B | Tenancy | Single |
| Lot Size | 1.07 AC | Parking Ratio | 2.27/1,000 SF |
| Building Size | 70,635 SF | Corridor | Exterior |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.07 AC |
| Building Size | 70,635 SF |
| No. Rooms | 150 |
| Number of Floors | 3 |
| Year Built | 2000 |
| Tenancy | Single |
| Parking Ratio | 2.27/1,000 SF |
| Corridor | Exterior |
Amenities
- Business Centre
- Fitness Centre
- Pool
- Restaurant
- Spa
- Wheelchair Accessible
- On-Site Retail
- On-Site Bar
- Meeting Event Space
- Tennis
- Public Access Wi-Fi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 22 | £198.50 | - |
| Guest Room | 128 | £126.75 | - |
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Walk Score ®
Very Walkable (71)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £8,416,163 | |
| Land Assessment | £3,309,588 | Total Assessment | £11,725,751 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£3,309,588
Improvements Assessment
£8,416,163
Total Assessment
£11,725,751
zoning
| Zoning Code | PC4, Palm Desert |
| PC4, Palm Desert |
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Best Western Plus Palm Desert Resort | 74695 Highway 111
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