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2300-2330 N. Palm Canyon, Palm Springs, CA 92262

$192,105+/Unit

Commercial property for sale

Added: 09/06/2012
Last Update: 03/05/2013
2300-2330 N. Palm Canyon Palm Springs, CA 92262 US
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Contact info

  • 760-578-1466 [Office] 

Description

A Very Unique Hospitality Offering The Adriatic Resort on Palm Canyon in Palm Springs is a turn key project with seller carried financing for either 57 luxury hotel suites or 41 condos subdivided in to 2,000 timeshare interval ownerships with RCI or Interval International Exchange Companies + a 4-plex apartment complex ++ a fully leased 5,000 sq.ft. Restaurant. +++ 2 Olympic sized pools ++++ Spa and Sauna The real value is in the sale of the 1800+ remaing to be sold timeshare units that when sold out will bring in revenue of more than $26,000,000 plus annual management fees of $534,180 based on current annual fees of $298 per timeshare unit. Click on the executive summary to see the current and projected revenues for this hospitality opportunity. Building price details: $10,950,000.

Property Details

  • Building Name:Adriatic Villas and Resort
  • Type: Hotel & Motel
  • Use Types:Extended Stay, Hotel, Resort, Spa, Vacation Rental(s)
  • Status: Available
  • Year Built: 1980
  • MSA: Riverside-San Bernardino-Ontario
  • Zoning: COMM
  • Buildings: 3

Exterior Features

  • Parking: Yes
  • Parking Spaces: 60

Terms

  • Cash to Seller 
  • Owner Financing 

Agent

Richard DeCarlo
760-578-1466 [Office]

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