$2,850,000

The Property is ideally located within the Warm Sands neighborhood and is within a 3-minute drive to the numerous restaurants, retail and nightlife offered in Downtown Palm Springs. Originally built in 1957, this distinctive 9-room, adult only hotel is set around a tranquil courtyard which features a crystalline salt water outdoor pool, relaxing jetted spa, and features a barbecue area. There are 4 different types of suites available, featuring full kitchens, kitchenettes, private patios, exterior seating areas and private living areas. The Property offers the savvy investor or user an opportunity to purchase a boutique hotel income producing Property with 9 room suites, in room kitchenettes, a fabulous courtyard with a pool and jacuzzi all surrounded by stunning mountain views.The Avance Hotel offers a luxurious experience for guests, with spacious rooms, premium bedding and top-notch amenities. With the popularity of Palm Springs as a tourist destination, the demand for high quality accommodations remains high, offering the discerning investor the opportunity to generate high occupancy rates and future returns.