Royal Sun Palm Springs

Investment Overview

Introducing a rare opportunity in Palm Springs - a fully renovated, 66-unit property primed for an upscale hospitality conversion. Built in 1965 and meticulously revitalized in 2023 with a $9M investment, this Full-Service gem boasts a coveted location in the heart of Palm Springs, within the Inland Empire area. Zoned R3 and offering unparalleled potential, it presents a turnkey opportunity for upscale brand conversions such as Marriott, Hilton, or Hyatt, with no PIP required. With a projected $160-$200 RevPAR potential, a full-service on-site bar and restaurant, and a captivating roof top pool, this property represents a compelling value-add proposition with 58% RevPAR index against STR Comp Set.

Investment Highlights

• Palm Springs Fee Simple (Rare Opportunity)
• Approved Turnkey (No PIP) Conversion Opportunity
• Marriott – Upscale Soft Brand
• Hilton - Ouset Upscale conversion – turnkey no PIP
• Hyatt - jdV Upscale conversion – turnkey no PIP
• $160 - $200 RevPAR Potential
• Value Add Opportunity – 58% RevPAR Index against STR Comp Set
• Significantly Under Recent Price/Key Comps
• $9M Capex in 2023
• Full-Service property with On-site Bar and Restaurant
• Roof Top Pool