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Palm Springs Hospitality Properties for Sale
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Hospitality Properties For Sale in Palm Springs
Palm Springs is a well-known destination for hospitality properties, located in the Colorado Desert's Coachella Valley. The city covers about 100 square miles, offering plenty of room for hospitality businesses, with 8 listings currently on the market. Palm Springs has a strong infrastructure, including Palm Springs International Airport and bus services, making it easy for tourists and business travelers to get around. The city also has quality educational institutions, from elementary schools to nearby colleges, which support a knowledgeable hospitality workforce. The geography of the area, with mountains and a desert climate, provides a unique setting for hospitality businesses.
Hospitality properties in Palm Springs are in high demand due to the city's status as a leading destination for leisure and retirement. These properties are located close to arts and cultural venues, and offer easy access to recreational activities. In addition to hospitality, there is a range of dining options with various restaurant properties available. Shopping centers are also found throughout the city, offering convenience for guests. Apartment buildings cater to both temporary visitors and the increasing number of permanent residents, showing the diversity of Palm Springs' real estate.
Learn About Hospitality Properties For Sale in Palm Springs
What is the largest hospitality property available to buy in Palm Springs?
The largest hospitality property listing available to buy in Palm Springs spans 42,000 SF.
How many hospitality properties listings are available for sale in Palm Springs?
Currently, there are 8 listings of hospitality properties available for sale in Palm Springs.
Why is Palm Springs an ideal location for hospitality properties?
Palm Springs is favored for hospitality properties due to its high visitor turnover, particularly in winter months, and its robust infrastructure that supports tourism, including significant transportation links and a variety of cultural and recreational attractions.
How much does it cost to buy a hospitality property in Palm Springs?
The cost to purchase hospitality properties in Palm Springs varies, with current offerings ranging from modestly priced motels to premium luxury resorts. Here are some details to consider:
- The average price per square foot for hospitality properties is $701.
- These properties have an average size of 13,577 SF.
What factors should I consider when searching for hospitality properties for sale in Palm Springs?
When evaluating hospitality properties in Palm Springs, you should consider the following aspects to inform your decision:
- Demand and visitor trends in the area, especially given Palm Springs' appeal as a resort destination with a seasonal influx of visitors.
- Accessibility and proximity to key transportation hubs and major thoroughfares, which can influence guest convenience and property visibility.
- The existing hospitality landscape, including the current number of listings, and how your prospective property compares in terms of size and features.
Hospitality Properties in Palm Springs - Size Summary
| Hospitality Property Size | Square Feet |
|---|---|
| Maximum | 42,000 SF |
| Average | 13,577 SF |
| Minimum | 5,300 SF |
Hospitality Properties in Palm Springs - Price
| Hospitality Property Price | Price Per SF |
|---|---|
| Maximum | $1,284 Per SF |
| Average | $701 Per SF |
| Minimum | $249 Per SF |
Hospitality Properties in Palm Springs - Overall Summary
| Hospitality Property Metric | Summary Value |
|---|---|
| Avg Size | 13,577 SF |
| Avg Price Per Square Foot | $701 |
| Avg Cap Rate | 6.43% |
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