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

Map Locations