• Broker Cameron Rawlings 7607798827
  • Broker Michael Meade 7608371880

The Alexander Hotel 2249 N Palm Canyon Dr 10 Room Hotel Palm Springs, CA 92262 $1,950,000 ($195,000/Room)

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INVESTMENT HIGHLIGHTS

  • Fully Approved plans with the City
  • Restaurant space included
  • Ready for your vision

EXECUTIVE SUMMARY

The property at 2249 N Palm Canyon Drive in Palm Springs, California, is a mid-century modern boutique hotel, originally built in 1958. The hotel totals 7,500 square feet on a 0.44 AC lot which feature seven(7) units (City approvals to add three (3) additional rooms), a 3,800 square foot restaurant space, outdoor enclosed bar, large in-ground
pool and nine (9) parking spaces. The three (3) approved add on rooms are in place in the current structure, just need to be framed and finished. With fully approved plans an investor can start renovations immediately.

ATTACHMENTS

2249 N Palm Canyon Dr, Palm Springs, Brochure_MM CR_042025 Reduced

PROPERTY FACTS

Price $1,950,000 Construction Status Under Renovation
Price Per Room $195,000 Building Size 7,500 SF
Sale Type Investment No. Rooms 10
Sale Conditions
Deferred Maintenance
  • Redevelopment Project
No. Stories 1
Property Type Hospitality Year Built/Renovated 1958/2025
Property Subtype Hotel Parking Ratio 2.27/1,000 SF
Building Class C Corridor Interior
Lot Size 0.59 AC
Zoning C1 - Commercial
Price $1,950,000
Price Per Room $195,000
Sale Type Investment
Sale Conditions
Deferred Maintenance
  • Redevelopment Project
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 0.59 AC
Construction Status Under Renovation
Building Size 7,500 SF
No. Rooms 10
No. Stories 1
Year Built/Renovated 1958/2025
Parking Ratio 2.27/1,000 SF
Corridor Interior
Zoning C1 - Commercial

AMENITIES

  • Pool
  • High Speed Internet Access
  • Patio
  • On-Site Bar
  • Boutique/Lifestyle Hotel
  • Bed & Breakfast
  • Public Access Wifi

ROOM MIX INFORMATION

DESCRIPTION NO. ROOMS DAILY RATE SF
Guest Room 10 $76.00 -

PROPERTY TAXES

Parcel Number 504-242-007 Improvements Assessment $1,326,000
Land Assessment $387,600 Total Assessment $1,713,600

PROPERTY TAXES

Parcel Number
504-242-007
Land Assessment
$387,600
Improvements Assessment
$1,326,000
Total Assessment
$1,713,600

MAP

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  • Listing ID: 35000054

  • Date on Market: 3/3/2025

  • Last Updated: 5/5/2025

  • Address: 2249 N Palm Canyon Dr, Palm Springs, CA 92262