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84141 Avenue 48
Coachella, CA 92236

$20,000,000 USD

Hotel For Sale • 187,500 SF

Property Details

Property Type Hotel
Total Building Size 187,500 SF
Lot Size 35 AC
Building Class B
Year Built 2018
Zoning CG

0 Transit Score

27 Walk Score

                
                    Highlights
                
                                Discount to replacement cost - post renovation the basis will be significantly below replacement cost.  Basis further lowered by value components
                            
                                Lender owned - Property became REO following long bankruptcy process
                            
                                Large 35 acre site - fee simple, includes 51 built casitas and multiple outparcels for further development
                            
                                Closest lodging to site of Coachella and other Music festivals held at Empire Polo Club.  2.5 hours from 22 million people in So Cal
                            
                                Construction approximately 65% completed.  Approx $55 million spent to date.
                            
                                TOT Rebate - $25 million TOT rebate (50% rebate for 20 years)

Amenities

Fitness Center
Pool
Restaurant
Spa
On-Site Retail
High Speed Internet Access
On-Site Bar
Destination Resort
Public Access Wifi

Public Transportation

Airport	Drive	Walk	Distance
Palm Springs International	32 min	-	25.0 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	250
Type:	Surface
Included in Rent:	Yes

Harry Pflueger 949-759-8739 Maxim Hotel Brokerage

84141 Avenue 48 Coachella, CA 92236