Listing provided courtesy of Adam Gilbert of The Firm Brokerage. Last updated 2025-01-01 09:11:40.000000. Listing information © 2024 CRMLS.
Asking Price: $5,450,000
12921 Tamar, Desert Hot Springs CA 92240
Community: 340 - Desert Hot Springs
Status: Active
This property was built in 1960 and is priced at $5,450,000. Please see the additional details below.
Amazing down-to-the-studs renovated Hospitality investment opportunity; Introducing The Onsen Hotel, the highest-rated and best-reviewed hotel in beautiful Desert Hot Springs California! This #1 ranked hotel on Trip Advisor is adult-only and pet-friendly with several other unique amenities including Mineral Water spa packages, deluxe breakfast, and a bevy of room & bed options to choose from. The Hotel, Spa space, pool, and 21 current rooms have been fully renovated and finished with unique luxury finishes sure to please every discerning guest, and the next owner has the option to alter the offering and create 2 additional rooms for increased Revenue and NOI. The purchase also comes with the adjacent lot to be developed to spec with its own mineral water well, allowing the next owner to develop additional rooms, a separate spa facility, or anything else you can imagine. Desert Hot Springs Values continue to rise as the market is edged out of Palm Springs proper, come get your hands on this great hospitality property before its too late!