2300-2330 N. Palm Canyon, Palm Springs, CA 92262
2300-2330 N. Palm Canyon, Palm Springs, CA 92262
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Commercial property for sale
- Description
- A Very Unique Hospitality OfferingThe 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 SaunaThe 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: $9,000,000.
- Exterior Features
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Parking: Yes Parking Spaces: 60 - Map Locations
- Contact info
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Richard DeCarlo760-578-1466 [Office]KW Commercial Palm Springs
- Note
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- Property Details
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Building Name: Adriatic Villas and Resort Property Type: Hotel & Motel Use Types: Extended Stay, Hotel, Resort, Spa, Vacation Rental(s) Status: Available Price: $ 157,895 +/Unit Number of Stories: 2 Year Built: 1980 MSA: Riverside-San Bernardino-Ontario Zoning: COMM Buildings: 3 Terms: Cash to Seller, Owner Financing Added: 09/06/2012 Last Update: 09/17/2013