newsletter | sign up for e-mail alerts   Hacienda Hot Springs Hotel $2,200,000.00 12885 Eliseo Road Desert Hot Springs, CA 92240 * Shown By Broker Appointment Description: Featured in Los Angeles magazine & nestlesd on a hillside overlooking Desert Hot Springs & Palm Springs. 7 charming rooms w/kitchenettes and privatecourtyard. Large private pool, spa, and water features fed by hot water wells. Courtyard gives guests private and secure environment. 400 sq ft Great Room guest lounge, game room, hosting seminars. A separate one-bedroom managers/owner's unit has full kitchen, living room and attached office. There is a caretaker's unit, massage room, and laundry. 2 adjoining contiguous commercially zoned lots south of the hotel, and two north of the hotel,for expansion. The renovation was done with expansion in mind. Property could possibly expanded to 22 more rooms, with the addition of a restaurant and full spa. PropertyType Hotel/Motel MLS# LoopNet No. of Rooms 7 Building size 4,000 sq ft Lot Size 53,445 sq ft Price/Room $357 Cap Rate 11.5% Cash on Cash 18% Pool yes Spa yes Mineral Hot Springs yes Gross Income Proforma $444,200 Total Operating Expenses $230,000 Net Operating Income $214,200 Financial: Lease is 8% of gross receipts per year, paid $1,000 per month until 12th month, then remainder is paid. For additional financial information please print Confidentiality Agreement and fax to (760) 322-9266 This information, while not guaranteed, has been obtained from sources deemed reliable. Buyer must verify the information and bears all risks for any inaccuracies.