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The Spring Resort & Spa
Location: United States -> California -> Southern California - All Southern California -> Riverside County
Industry: Hotels and Holiday Accommodation > Hotels




Business Summary

An unprecedented opportunity to acquire one of the top performing spa resorts in California. THE SPRING Resort & Spa boasts a 79% annual occupancy, $186 ADR, $147 Revpar (8/1/14 7/30/15) and a busy Day Spa rivaled by no other comparably sized spa in the Greater Palm Springs area.
THE SPRING Resort & Spa claims the hottest mineral spring water of all the spas in Desert Hot Springs, emerging at 170 degrees. This Fee simple property consisting of 3 lots identified as Assessor Parcel Number' s (APN) 642-122-002/003 and 642-123-010 in Riverside County. THE SPRING has 13 guest accommodations that range from 2 two bedroom villas to deluxe poolside Kings. This unique property boasts 6 treatment rooms that make up the spa portion of the property.

THE SPRING Resort & Spa' s 2014 Gross Income total was $1,386,335 and 2015 Gross Income will surpass that of 2014.

THE SPRING Resort & Spa is not just a boutique hotel, but a thriving day spa that outperforms in every category and only provides first class service.

Contact Broker for Full Marketing and Financial Information.

760-413-4376

______________________________________________________
The only city in the Coachella Valley at an elevation, Desert Hot Springs has vast, breathtaking views of the Valley. Views, geothermal springs and 5 to 10 degrees cooler temperatures than the valley floor in the summer makes Desert Hot Springs a prime vacation destination.

Desert Hot Springs' Mission Statement makes its commitment clear to the developing tourism industry. In 2006 the city implemented the Visitor Serving (Spa Zone) Ordinance, protecting the hot water areas from residential development. The Ordinance preserves the property over the Hot Water Zones for visitor serving development by preventing residential growth around existing spas.


Financials

Asking Price Range:  $2.5M - $5.0M
Gross Revenues:   $1,386,000
Cash Flow:   $300,000
Cash Flow Type:  EBITDA
Seller Financing:  Not Disclosed

About The Business

Year Established:  2002
Number of Employees:  6 - 9
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale




Print Listing Id: 700251102
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Related Searches: Camping and Parks  >  Guest Houses, Bed and Breakfast  >  Holiday Resorts  >  Hotels  >  Motels  >  Other Hotels and Holiday Accommodation  > 

Also See: Franchise Opportunities > Franchise Resales > California Businesses For Sale > California Franchises For Sale > California Business Brokers



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